Some constraints will be lifted but most will always remain. Installing solar will always be expensive, the cost of which will only be recovered over long run. Solar panels are getting cheaper by the day. Question is how entrepreneurs like yourself will give people a solar substitute unaided by government subsidies and without banking on the warm glow effect. Here is an example: Group Captive Scheme. Have you ever heard of it? See more here: https://sauryaenertech.com/group-captive-power-scheme/ If you are asking if Solar can make money, then you should google: ”Zhu Gongshan” someone who made a billion from solar. I feel proud to say that according to Forbes, 4 of the world’s top billionaires are Indians. Maybe you will be the fifth one!
- Thankyou very much. But then how would this industry grow if initial setup cost is high. If we wish to start entrepreneural activity like being a distributor then is it right time to start given such constraints.
- Good Question! So, to answer that, first let me clarify that Solar Panels are being installed at a faster rate than before. However, we all expect it to be faster growing than its current status. In USA, a residential solar system can feed back into the grid and the amount it feeds into grid comes as credit, this is called net metering. So, people are actually making money by feeding the electricity into grid. The expansion of rooftop solar was so fast that now the grids are debating if they should cancel the credit! In India, the biggest hurdle to wide spread adoption of solar panels is definitely a lack of grid feeding. This brings down the cost substantially as you dont need a battery back up which actually is one of the largest component by price in a solar system! Do I see grid feeding/ net metering coming any time soon? No. Unfortunately, our grids are severely lacking in infrastructure and significant steps will have to be taken where the proposal will get stuck in bureaucratic spiral. Another reason is lack of awareness. People dont know that solar has reached grid parity in India and its actually cheaper than burning diesel for generator! However, this leads to my final point as to why we are not seeing a greater growth; the investment. While, cost of operation in solar is negligible, initial costs are large which put off most people in investing. Do you agree with my views? Do you think there are points as well?
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