Companies like SunPower, Enel Green Power, and Solarpack are leading the charge, building large-scale solar farms and installing rooftop solar panels for residential and commercial customers.
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For most homeowners, solar panels take about 6 to 10 years to pay for themselves, depending on system cost, electricity rates, incentives, and local policies.
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In order to achieve the above target, Government of India have launched various schemes to encourage generation of solar power in the country like Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected.
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The average commercial solar panel cost per square foot ranges from $18 to $35 in 2026, depending on system size, panel efficiency, and location. Smaller systems (under 50kW) average $30-40/sq ft, while large-scale installations (1MW+) can be as low as $16-22/sq ft.
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