ReNew Energy Reduces Solar Module and Cell Prices to Boost Affordable Clean Energy in India – EQ
In Short : ReNew Energy has slashed prices of solar modules and cells after India reduced GST on renewable equipment from 12% to 5%. The move cuts project costs by up to ₹15 lakh per MW and lowers expenses for rooftop users and farmers. ReNew is passing full benefits to customers, making solar more affordable and boosting clean energy adoption nationwide.
In Detail : ReNew Energy has announced a reduction in prices for its solar modules and cells, effective September 22, following the Indian government’s cut of GST on renewable energy equipment from 12% to 5%. This move reflects the company’s commitment to passing savings directly to customers and promoting wider adoption of solar energy across India.
The price cuts are significant for utility-scale projects, with potential savings of up to ₹10 lakh per MW for non-DCR modules. For DCR modules, the reduction can reach up to ₹15 lakh per MW. Such cost adjustments make solar power more economically attractive for developers and investors alike.
Residential rooftop consumers also stand to benefit from these adjustments. A typical 3 kW solar system could now cost up to ₹5,000 less. Farmers installing 5 HP solar pumps under schemes like PM-KUSUM could save as much as ₹12,000, lowering barriers to clean energy adoption in rural areas.
ReNew Energy emphasizes that the full benefit of the tax cut is being passed to its clients. This ensures that both commercial and residential users can take advantage of lower costs, enabling faster deployment of solar projects across industrial, commercial, and agricultural segments.
The government’s GST reduction is intended to boost renewable energy uptake nationwide by reducing the cost of equipment and making projects more financially viable. ReNew’s pricing adjustment aligns with this policy goal and demonstrates how manufacturers can complement government efforts to expand solar penetration.
As of August 2025, ReNew Energy operates a clean energy portfolio of 18.2 GW and maintains vertically integrated manufacturing facilities for solar cells, modules, and advanced components. The price reduction leverages this scale to offer more competitive pricing while sustaining operational efficiency.
By lowering costs for developers, rooftop users, and agricultural consumers, the company hopes to stimulate broader deployment of solar energy. The move is particularly important for smaller or underserved segments that face high upfront costs, making solar more inclusive and accessible.
Combined with existing subsidies, financing options, and government schemes, these price cuts could accelerate India’s progress toward renewable energy targets. More affordable solar installations will encourage both new and existing customers to expand their clean energy use.
Over the longer term, ReNew Energy’s initiative may strengthen the domestic solar manufacturing ecosystem, reduce import dependence, and contribute to lowering the levelized cost of electricity from renewable sources. The company’s approach demonstrates how policy changes and corporate action together can drive sustainable energy growth.
