Advantages Of Rooftop Solar Panels & Factors That Further Aid Their Installation In India
Each day of the year, the sun gives off energy more than the consumption of living on the earth. The source is vast and limitless, and unlike fossil fuels, it won’t run out of stock. The limitation lies in our ability to convert it into electricity. With no fuel to burn, it gives the environment a fresh breath. Slowly but steadily, the world moves towards a clean source of energy. All around the globe, people are taking initiatives to produce solar power either with the help of government or private finances.
According to the data of the World Energy Council, global production of solar powered energy reached 227-gigawatt electrical (GWe) alone in 2015. It constituted 1% of the total energy production globally. Europe continues to dominate the market with 43.7% solar installed capacity. It is followed by East Asia
India is no exception when it comes to renewable resources for power consumption. In order to move towards more sustainable development, the government has planned to achieve 175 GW of installed capacity of renewable energy by the end of 2022. Out of this target, 100 GW is set for the solar installation in the country. According to the recent reports, the government has successfully achieved 23GW till date, and 40 GW is under different stages of implementation.
With its restless efforts towards the solar power generation, India has taken over the US by becoming the Second largest nation in terms of solar power generation in the world. Now, the country is implementing new schemes and ideas to achieve 175 GW target by 2020. The rooftop solar panel adoptions have taken up a pace from the last few years, where 87% of solar power generation is contributed by large scale installation. The reports have shown that the rooftop solar panel installation has jumped from 117MW to 1250MW between the period of 2013 to 2016. Considering this substantial hike in the rooftop panels, MNRE (Ministry of Natural and Renewable Energy) has set a target of 40W rooftop solar target by 2022 under its National Solar Mission of India.
The MNRE’s target may seem ambitious but once everyone understands the benefits of the rooftop solar panel it is achievable-Cost Saving – The first and foremost benefit that rooftop solar panels bring with them is the cost saving, and it attracts a lot of building owners. Compared to the industrial and commercial tariff rates the rooftop solar panels offer 17% to 27% cheaper tariff rates Besides, these solar panels also help in cutting down electricity bills by providing the required electricity to the building.