Why Solar Energy Lacks the Desired Momentum?
CleanMax July 7, 2017 | Friday
Everyone knows solar energy is the greenest way to produce electricity but somehow the concept has not gained the desired momentum. At present, India is still in the early adoption phase of solar energy.
So, let’s take a look at the reasons that are holding people back and what can we do to overcome them to make the most out of the opportunity.
- To begin with, people are still sceptical about the technology. Do solar panels really work? Will they really provide me with a significant amount of electricity? Is my roof suitable? Why should I even bother to adopt it? These are the questions that inhibit people from adopting solar.
- There are a lot of “myths” or wrong notions and perceptions associated with the installation and usage of solar energy such as solar is a costly affair, technology is not yet up to the mark, the system is cumbersome in terms of maintenance and so on.
- Another reason why solar is not getting popular is because people still do not have the required technical know-how about the process, projects, solar developers or EPC players.
- The market for solar is very fragmented, and people are still not sure which developer or EPC firm to trust.
- There are other alternative sources of energy like wind energy and hydroelectricity that solar has to compete with.
- Although several financing methodologies are available, such as the BOO or RESCO model, people are still not fully aware about these things. These models make it very easy to adopt solar with very little to no capital expenditure.
- Lastly, in some states the grid tariffs are extremely low, and solar isn’t able to come to par with the tarrif.
But these days, with the government giving a strong push for the adoption of solar energy with the Jawaharlal Nehru National Solar Mission, the concept is gaining momentum again. This mission was launched on 11th January, 2010 by the Prime Minister. The mission has set the ambitious target of deploying 100 GWp of grid connected solar power by 2022 and is aimed at reducing the cost of solar power generation in the country through (i) long term policy; (ii) large scale deployment goals; (iii) aggressive R&D; and (iv) domestic production of critical raw materials, components and products. The objective of the above measures is to achieve grid tariff parity by 2022.
The fact that corporate leaders are embracing the technology is a huge boost for its future prospects. Thus, with the onset of Mahindras and Tatas and TVS’ adopting this newer and cleaner form of energy, the country has started seeing a chain reaction of adoption.
A Brighter Future!
Despite the above mentioned challenges that the industry faces, the availability of “free” sunlight will remain a driving force behind the development of new ideas that can make solar power more affordable in the future. As economies of scale are achieved in the manufacture of solar collection devices (both thermal and electric), and as petroleum prices gradually rise, solar energy will become even more cost competitive in the long run.
To know more about solar energy, or remove any apprehensions you have about adopting solar or installing a solar power system on your rooftop or anything you want to know about the quicker solar adoption rate among leading Indian corporate, contact CleanMax at www.cleanmax.com or write to firstname.lastname@example.org.