Despite subsidies rooftop solar still too expensive: study
The HinduIndia’s low uptake of rooftop solar systems – often touted as the pathway to clean, decentralised electricity –is largely due to limited electricity consumption and existing subsidies for coal-fired electricity that makes even subsidised solar power expensive, suggests the results of a first-of-its-kind study spanning 14,000 households across 21 states. Were all rooftops in India’s estimated 25-30 crore households to have solar panels installed, it would amount to 637 gigawatt is 1000 megawatt ) – or about five times the total renewable energy capacity already installed. Thus, the subsidies notwithstanding by the Ministry of New and Renewable Energy, the main promoter of clean energy adoption, rooftop solar systems are still too expensive for the vast majority of Indian consumers of electricity, according to the analysis. “India’s solar energy revolution–going from 2,000 MW of solar power capacity in 2010 to 72,018 MW now–must reach households too to reach its full potential,” Arunabha Ghosh, CEO, CEEW, said in a statement, “But to get there, residents must get the right price and attractive incentives and enjoy a convenient experience, which can then spur the markets to create the right products and capacities for homes.”