India, with a rapidly expanding economy and more than one billion people, is ranked 5th worldwide in terms of production and consumption. Electricity is one of the most important basic needs as the population increases. It is estimated that coal reserves will not last past 2040-50. More and more people are turning to renewable energy sources in order to meet their energy needs and close the gap between supply and demand.
India is a country with a huge potential to generate solar energy. India, a tropical nation that receives solar radiation nearly all year round, gets about 3000 hours per year. We are, therefore, among the best places on earth to harness solar power. According to a study by the National Institute of Solar Energy, the country is capable of generating 748.98 gigawatts of solar energy.
Why is solar energy so good for India? Take a look at:
Solar energy is the most reliable and sustainable energy source in India. We are fortunate to have a generous sun, which makes it impossible for solar energy to run out.
Solar energy is also environmentally friendly. Solar energy is a renewable resource that does not require any other help.
In India, solar energy is used in both urban and rural areas for various purposes, including electricity, heating, and cooking. It is not only renewable but also inexhaustible. This means that it can be used for household chores during power cuts.
Solar energy does not require a grid. Solar energy can be installed almost anywhere. Solar panels can be installed anywhere.
Solar is the future and should be present. What’s stopping solar from becoming mainstream? Why hasn’t the majority invested in solar panels?
Lack of knowledge about the installation process and fear of red tape are the main reasons. The financial benefits of rooftop solar energy and the incredible return on investment are not well known. Most people perceive solar panels as an expensive investment, only accessible to the wealthy. Some people are also afraid that their roofs won’t look good or will not add any heat to their homes. People are also hesitant to go solar because of the paperwork required by the government.
Solar is also still seen as an investment that is not a good one but rather a way of contributing to the environment.
What’s next?
In order for solar energy to become mainstream and replace fossil fuels in India, it is important to bridge the information asymmetry. We must work together to make our geographic position work to India’s advantage in order to achieve its solar power dreams. Retail should lead a positive ecosystem to ease the process of consumers and speed up the adoption of solar energy, particularly when it comes down to rooftop solar panels. These are the most important and price-sensitive sub-sectors to replace fossil fuel generation and make solar a household fact.
Many private companies try to close this gap by creating awareness and providing tools to help users understand the benefits of switching to solar energy and providing multiple financing options that can reduce the initial cost.
Try a free tool called Solarizer online to determine if solar energy is right for you.
Are you interested in learning more about solar panels for rooftops?
Solar Luminous is waiting for your call! We know power better than anyone. We have over 30 years of experience in solar energy and can guide you from the moment you decide to generate solar power until you are ready.