Sri Lanka Solar Panel Price Trends 2025 | HuiJue Group South
As of March 2025, average solar panel prices in Sri Lanka range between LKR 45-70 per watt for complete grid-tied systems. This represents a 28% price reduction compared to 2022 figures,
In India, monocrystalline solar panels are available in a panel efficiency range of 17%, 18% and 19%. The price of monocrystalline solar panels with 17% efficiency and a watt range of 250-above 300 W is Rs 47 per Wp. In the case of 18% efficient solar panels, the prices are Rs 48 per Wp for 250-300 W and Rs 50 per Wp for panels above 300W.
The average price of monocrystalline solar modules is currently around $0.278 per watt (with prices ranging from $0.265 to $0.455 per watt), while the equivalent monocrystalline prices have fallen to an average of $0.25 cents per watt.
Sri Lanka offers various incentives to encourage homeowners to install solar power systems. Net Metering – Sell excess power back to CEB/LECO. Low-Interest Loans – Banks offer financing for solar panel installations. Tax Benefits – Solar products may be exempt from certain taxes.
Solar energy offers a cost-effective, eco-friendly, and long-term solution to reduce electricity bills and ensure energy independence. One of the most common questions homeowners ask before switching to solar is: “How much do home solar panels cost in Sri Lanka?”
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