Solar energy is capable of boosting India’s economy with the potential to create 4.5 million jobs in the next 25 years. Despite this, India will need to take a number of measures in order to reach its clean energy goals, as well as overcome a number of obstacles. We can reduce the nation’s carbon footprint while still saving money because we will not be reliant on fossil fuels. Going solar will be the best step forward for the country as it deals with the intertwined issues of air pollution, water scarcity, and energy conservation, as well as energy access and affordability.
India’s Goal For Solar Energy
India’s solar-power-producing states are expected to play a key role in the country’s goal of 450 gigawatts of renewable energy by 2030. When India’s National Solar Mission was initiated in 2010, only 10 megawatts (MW) of solar power had been generated on the grid. The target was set to 20GW by 2020. However, due to increased potential of the solar power sector in the following years, a new goal to reach 100GW of solar energy by 2022 was set.
Sunlight is Unlimited
We have more energy than we will ever need from the sun, and no one can regulate it. Your solar power system will begin saving money as soon as it is switched on, but the benefits of solar power are more apparent over time. The longer you have your solar power system, the more you will benefit from it and the more you will be helping the world.
Government Subsidies
The government of India offers numerous perks and subsidies for homes willing to switch to solar energy. For rooftop PV systems, the government would pay upto 40% of the benchmarked prices for homeowners through subsidies. In some states that fall under the special category like the states in the North-East, however, a subsidy of up to 70% is available.
● Freyr Energy offers loans to set up solar energy systems for both homeowners and businesses. This increases adoption and the long term savings on electricity bills from the system will contribute to the majority of EMI payments.
● People can provide surplus electricity generated back to the grid through a net meter. The DISCOMs offer credit for the amount supplied.
Compatible for all Climates
Coal currently provides nearly 53% of the country’s energy needs, and according to estimates, it may not be able to do so beyond 2050. India’s population is rapidly growing, putting a strain on the country’s electricity supply. India’s geographical position makes it an ideal location for the solar industry to thrive. Solar projects would produce enough electricity to fulfill the country’s needs. The main explanation for this is the country’s position, which is in the tropical zone. Throughout the year, it receives an enormous amount of solar radiation, amounting to about 3000 hours of sunlight. Certain Indian states have a high renewable energy potential and can produce significant amounts of energy even on cloudy days.
Guaranteed Performance
Solar panel manufacturers usually have warranties of 20 to 25 years, although the real life of panels is much longer, ranging from 30 to 40 years of energy generation. Solar panels are designed to withstand a wide variety of climates and can last for years without needing to be serviced. There is very low maintenance and upkeep that is needed for the solar system. Keeping the panels free from dust and debris will ensure optimal power generation.
Sustainable Energy Consumption
With a solar installation, you can substantially reduce the carbon footprint on the earth. A 3kW solar plant is equivalent to planting 80 trees & reducing 4 tons of Co2 every year. This means, over the course of 25 years, the average residential solar system will mitigate up to 100 tons of CO2. That’s the same as not driving for 1,60,000 kilometers. Renewable energy has a large-scale impact that can’t be overlooked.