In present times, the world has been adopting renewable power at a rapid rate. India is also emerging in the global arena as a leading generator of renewable energy. In its efforts to move further towards sustainable development, the government has set a target to achieve 175 GW of installed capacity of renewable energy by the end of 2022. Out of this, 100 GW is the target set for solar installations.
Till date, 23 GW of this target has already been achieved and 40 GW is under different stages of implementation. This inclination towards solar generation has allowed India to overpower the US and become the 2nd largest country in terms of solar power generation in the world. Now, the country is marching towards the achievement of the laid targets for the year 2022.
Reduces carbon footprints
Solar panels harness sunlight to generate electricity. So, they pose fewer pollution risks to the environment in comparison to conventional sources of energy. Unlike a generator, they run without producing any noise and give out lesser emissions of harmful gases. Furthermore, it is a good source of energy that combats climate change. Thus, rooftop solar is ideal as it reduces carbon footprints.
Green source of energy
This is an era where more and more people are adopting eco-friendly items. The consumers, especially industrial and commercial consumers, are willing to make capital investments to contribute towards the preservation of the environment. Environment-friendly customers are even willing to pay higher than grid power.
Suitable for Indian climate
Rooftop solar panels utilize sunlight to convert it into electricity. India is situated at an ideal geographical location and receives ample tropical sunlight. There are almost 300 sunny days with clear skies each year in India. Thus, rooftop solar panels are ideal to be used here.
It increases access to energy
Though the deficiency of power in India is decreasing rapidly, still there are many people both in the rural and urban areas, who have improper and unreliable access to electricity. These people are forced to rely on alternatives like diesel generators. These alternatives pose harmful effects on the health and they are volatile in terms of their operating costs. In such a scenario, solar energy serves as an affordable source of electricity. Since rooftop solar panels harness the power of the sun to generate electricity, they are eco-friendly. Furthermore, their cost of operation is also stable.
Support from the government
In order to encourage people to adopt solar energy, the government offers tax credits to those who install rooftop solar panels whether it be for residential or commercial purposes. As per the Ministry of New and Renewable Energy, the government pays 30% of the installation cost as a subsidy to the installer.
They offer cost savings
The biggest advantage of installing rooftop solar panels is that they offer cost savings. The tariff rates for rooftop solar in comparison to industrial and commercial tariff rates are cheaper by 17% and 27% respectively. Rooftop solar installations are also attaining grid parity in many residential sectors of India. For building owners, rooftop solar installations can even help in cutting down electricity bills. Rooftop panels supply electricity to buildings, so they need to buy less electricity from the grid thereby saving on energy costs. Electricity prices keep on fluctuating from time to time. So, it is difficult to calculate the expenditure on electricity for a certain period of time. However, when it comes to electricity generated by solar rooftops, the price of power generated can be calculated easily. In fact, one can even calculate the cost of electricity generation for another 10 years. In this way, it is a secure investment.
Low maintenance cost
The chief factor that accentuates the importance of rooftop solar panels is that they require very less maintenance. They come with a service life of over 20 years if maintained properly.
One of the biggest advantages of rooftop solar panels is that they can be installed on any type of roof. So, people don’t need to vacate a land or invest in buying additional land to set up rooftop solar panels. Furthermore, the panels offer protection to the roof of the building in which they are installed.