The total installed solar capacity was 6 GW in 2016. As of March 2019, the total installed solar capacity stood at 30 GW, accounting for an increase of more than 5 times in 3 years.
Here are some advantages of solar energy in India that has led to the adoption of solar energy at a rapid rate:
Environmental benefits –
By going solar, you are using a green and clean source of energy, which greatly reduces your carbon footprint. It does not produce any carbon dioxide or heat-trapping gases that contribute negatively to climate change. Installing a 3kW solar system will contribute to reducing 5 tons of carbon dioxide annually and is equivalent to planting 80 trees every year.
Financial benefits –
Solar panels are a great investment. Returns from solar are preferred over traditional investments such as FD, gold and are risk-free, unlike the stock-market. This is because you can expect Return on Investment (RoI) of 30% while investing in Solar Rooftops in India. With subsidy for homes and accelerated depreciation benefits for commercial and industrial customers, this is the best time to invest in a solar rooftop.
Low Maintenance –
Solar panels have an average life of 25 years. The maintenance needed is low. Dusting the dirt off the solar panels is sufficient unlike other power generation sources that need constant up-keep.
Space utilization –
Rooftop Solar panels generally do not require a lot of space. A 1kW solar system only requires 80sqft of shadow-free space. Hence, solar panels can be easily installed on an unused section of your rooftop or in a common area of your community.
We at Freyr Energy, believe anyone can transition to solar with ease and reap its benefits. Our AI-enabled app, SunPro+ will give you all necessary information you need to make an informed decision and make the switch to solar.