The Energy and Resources Institute (TERI), in a study, suggested that out of the planned 100 GW of solar energy by the Indian government by 2022, 40 GW would be deployed through decentralised and rooftop-scale solar projects. If you are also thinking solar, contact CleanMax Solar today.
As per the trade pundits, rooftop solar PV would play a prominent role in meeting energy demands across segments. To some extent, it has already achieved grid parity for commercial and industrial consumers, and is fast becoming quite attractive for residential consumers as well. As a result, multiple state governments have taken necessary steps to kick-start implementation of rooftop solar PV projects.
For large scale deployment of rooftop solar PV, even after having various central and state government schemes, many challenges still exist on the policy, technology, and the consumer awareness fronts. These include regulations for metering arrangements, technical standards/rules for grid interconnection, tariff determination and accounting, monitoring, control and verification, and financing schemes, etc.
The deployment of rooftop SPV can be accelerated further if:
- Solar technology solutions are easily available and accessible as a complete product or as a package in the market.
- Easy finance schemes are available for procurement of SPV systems through banks or other modes like BOO (Build-Own-Operate).
- Consumers are fully aware of the service levels and actual economic benefits.
- Well established solar service networks exist just like those for other high-end commodities. Reach out to CleanMax Solar for simplified solar power solutions.
The way ahead
As per a recent report in Economic Times, India’s rooftop solar industry has witnessed a 66% growth over the last year despite lack of specific rooftop initiatives, which are enjoyed by the utility scale solar segment.
Although the technology for rooftop solar systems is well proven, the market lacks sustainable business models. Commercial rooftop owners lack knowledge, information, and financial incentives to install these systems to optimal standards. Also, India lacks pilot projects developed jointly by public and private sector, to serve as proof-of-concept to encourage future segment growth.
While concluding, it will be safe to state that rooftop solar space has huge potential, provided ample awareness is created about rooftop solar PV systems/technology packages as well as about the financing avenues available.
To understand how rooftop solar panels can add value to your organisation and the various simple financing schemes offered, visit www.cleanmaxsolar.com.