The importance of solar as a renewable energy source has been firmly established across India and the world. Although large-scale installations account for more than 87% of our country’s total solar power generation, the last few years have witnessed high growth in solar rooftop solutions in India. Between the years 2013 to 2016, installations of solar rooftop solutions in India surged from 117 MW to 1250 MW. In line with this spectacular growth, the Ministry of New and Renewable Energy (through its National Solar Mission of India) has set a target of 40 GW of solar power by 2022.
Factories and warehouses seem to have become the most preferred areas for solar rooftop solutions in India. Since factories are ‘energy-intensive buildings’, installing a solar PV system on the roof not only helps provide valuable solar power to the entire facility and adjoining buildings and save energy costs but also facilitates the business enterprise to do its bit for Mother Earth. Thus, solar rooftop solutions in India help the country become more environmentally conscious and reduce its carbon footprint.
Factors accelerating the adoption of solar rooftop solutions in India
Let us enumerate some other factors contributing to the acceleration in adopting these rooftop solar panels.
Cost saving on electricity bills: This is the most significant advantage offered by rooftop panels. The tariff for these panels is cheaper by 17% and 27% than industrial and commercial tariffs, respectively. This low cost has propelled rooftop solar photovoltaics technology to emerge as the fastest deployable energy generation technology.
Secure return on investment: The cost of electricity generated by these rooftop panels can be calculated easily, unlike conventional electricity prices, which keep fluctuating continuously. It makes it a very worthwhile investment with safe returns.
Enhances access to renewable energy: Since they generate energy from the sun and are affordable to install, rooftop panels have enabled businesses to access solar energy. It is more pronounced in the villages where the inhabitants are generally forced to rely on harmful alternatives like diesel generators for their daily power needs.
Support from the government: The government offers tax benefits for installing rooftop solar panels for commercial and residential uses. Through the Ministry of New and Renewable Energy, it foots 30% of the installation cost as a subsidy to the installer.
Low cost of maintenance: Another advantage enjoyed by rooftop solar panels is that they require low maintenance. They come with a service life of almost 20 years if maintained well.
Nimbus Solar: A one-stop solution for all your solar needs
As one of the reputed and long-standing players in the industry, Nimbus Solar Solutions has been an active contributor right from the stage of ideation to actual realization vis-a-vis the solar aspirations of its end consumers. It has played a significant role in the solar revolution in the country. As a brand that evokes trust, reliability and tremendous experience in the sector, the group is committed to delivering world-class services and solar rooftop solutions in India across all verticals.
For more details, visit www.nimbussolar.in