With less than four years left to meet its target of installing 40,000 megawatt (MW) of rooftop solar power capacity by 2022, India has installed just about 2,538 MW as of March 2018, a full 94 percent short of the target. At this rate, missing the target is a foregone conclusion, which also jeopardises India’s overall solar target of 100 gigawatt (GW, equal to 1,000 MW) by 2022.
Rooftop solar has been a key part of the recent renewables revolution around the world, particularly in Germany and the US, and its appeal is clear–residential, commercial and industrial buildings can generate their own electricity, which is green and potentially less expensive than the electricity they draw from the grid. What’s more, they can inject the excess power back into the grid and get paid for it.
India’s ambitious target, in fact, is backed by a 30 percent subsidy for residential buildings. But this has failed to enthuse homeowners, the majority of whom pay small electricity bills and find the cost of solar equipment prohibitive in comparison. Read More
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