The Top 5 Consequences of India's New Rooftop Solar Program

The Top 5 Consequences of India’s New Rooftop Solar Program

The Pradhanmantri Suryodaya Yojana announced by the PM has set the industry abuzz, with all hopes for a massive boost to rooftop solar coming from this scheme. The rooftop solar program has the potential to be a true game changer, offering opportunities and jobs in addition to increased funding and subsidies. We outline the top 5 ways it will alter India’s solar environment.

1) New job opportunities:

There has been research that shows that a robust rooftop solar industry has been estimated to generate three to five times as many jobs as utility-scale solar power. Its inability to take off in India is all the more puzzling for this reason. Thankfully, India will finally witness the significant impact of renewable energy on jobs, with ranging from 6GW to 10GW of installations planned over the next three years.

According to a joint report published a year ago by three think tanks, 52,700 more people were employed in project development jobs in India’s solar and wind energy sectors in FY22. This represented an eightfold increase in employment in this sector compared to the 2021 financial year.

According to a study conducted by the Council on Energy, Environment, and Water (CEEW), NRDC India (Natural Resources Defence Council India), and Skill Council for Green Jobs (SCGJ), 3.4 million jobs, both temporary and permanent, will be created in areas connected to solar power in the future if the growth of renewable energy continues at this rate.

2) A golden chance for the backward states of India:

For backward states in renewable energy, be it Bihar, UP West Bengal or even Delhi, Chhattisgarh, Odisha, and other North East States, PM Modi’s announcement of the Rooftop solar program seems a last chance for them to establish themselves in solar energy production. Rooftop solar continues to be an important approach for these areas to include renewable energy sources in their mix because it doesn’t rely much on geographic location. Also, the path ahead is made easy by extensive support from the center and a significant subsidy. Not only should government-owned buildings be urged to adopt solar energy, but local policy measures should also be encouraged to set up solar energy in metropolitan areas, to fully utilize their solar potential.

Read more: A Comprehensive Guide to Solar Panel Subsidy in Uttar Pradesh

3) Boom time for Indian manufacturers:

Generally, big developers preferred Chinese imports, so even with larger capacity additions, Indian manufacturers were barely benefiting from solar in India. These producers can now look forward to brighter times with increased domestic demand, while the DCR requirements are expected to remain the same under the new Rooftop solar program. There is also potential for greater prices in the retail industry. Plans such as the PM KUSUM scheme, which underperformed dramatically, fortunately now have an alternative plan in which distribution will be much quicker.

4) India’s target for 2024- an increase of 20GW:

Without large-scale rooftop solar, India was at a loss to achieve more than 15 GW annual capacity for solar – far less than the required minimum of 25GW per annum from today until we reach our goal in 2030. The new Rooftop solar program will set the ball rolling towards crossing 20GW for starters in FY25 itself, and perhaps even 25 GW by the end of the financial year 2026. It also means that renewable energy sources, such as solar power, may eventually begin to decrease the amount of energy derived from fossil fuels in the country’s energy mix, in addition to merely meeting incremental demand.

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5) Policy initiatives in Rooftop solar program:

To guarantee the broad acceptance of the Rooftop solar program, the government is putting regulatory measures into place to lower the cost and increase family access to solar energy. Homeowners are being encouraged to adopt solar power through the introduction of subsidies, incentives, and financing choices, which will lower their electricity costs and carbon footprint.

Conclusion

To sum up, India’s new Rooftop solar program is revolutionary and has enormous consequences. In addition to promoting job development and economic expansion, it also establishes India as a leader in the worldwide switch to renewable energy sources. India is laying the groundwork for a sustainable and prosperous future for future generations by utilizing the sun’s power.

Know more: What is the Rooftop Solar plant subsidy in India

Why solar energy is important for the future

5 Reasons – Why Solar Energy is Important for the Future

Every other day we read about the rising pollution, the hiking of fuel prices, and the depletion of fossil fuels. Headlines of various newspapers talk about these issues, there are special telecasts on various channels that highlight these issues to make people aware and responsible towards these global issues.

These issues are interrelated. Think would these issues still persist if people were aware and responsible? Think why these issues are getting alarming day by day.

The prime reason is not using renewable green sources of energy.

Environmental Impact of Solar Energy

When we talk about strong reasons why solar energy is important for the future, reduced pollution has to be the most important.

After all, we don’t want our future generations to live on paid oxygen!

The following reasons why solar power technology is a boon to fuel the future.

Less Pollution: Cleaner & Greener Environment

How much fossil fuel do you use in your day-to-day activities? Now think how much is consumed by the people living near you? The amount keeps getting bigger. We all love a clean-fresh environment, and still knowingly or unknowingly we are harming the environment. Burning fossil fuels for our daily energy needs produces toxic emissions like nitrogen oxide, carbon monoxide, carbon dioxide, sulphur dioxide etc.

The only solution to this problem is switching to green energy options like Solar energy. Using solar panels to generate electricity reduces carbon footprint and helps the environment to stay protected.

More Jobs

Solar sector is booming, with awareness people and commercial sectors have started installing solar panels. As this industry grows, it can be estimated that the solar field will be needing skilled laborers, employees, service engineers and marketing professionals who will keep this sector running.

Read our blog: How to Start Solar Energy Business in India with Less Investment

No More Power Outrage

We are too dependent on something that doesn’t let us be independent. Even if you wish to stay in places that’s far away from cities/ towns, away from residential setups you can’t, because there’s no electricity available in such remote areas. But with solar power now it’s possible to stay remotely.

With this we can boast that shortage of fossil fuels will never bother again. With the increasing demand of solar power there shall be a huge decrease in power outages.

Solar Saves Money

Solar is green for both the environment and pockets! 

Investing in the solar sector can be a boon for the investors, as solar is a booming sector. Many companies like UTL Solar, are known to be the leading in the solar industry.

Installing solar panels is a one -time investment, once you’ve paid your initial investment cost you can enjoy free electricity for the rest of its life. A solar panel has a long term guarantee period of 25 years.

Everything You Need To Know About Solar Panel

Basically with solar power one can save their money on electricity bills.

It also regulates the evaluation of housing loans and its prices. Imagine a house that has solar panels installed on its roof, and it claims to reduce your electricity bill or make it ₹0/- 

On the other hand there’s another house that runs on the electricity coming from the local grid.

Which house has more value? The house with more value will always cost more.

आइए देखते हैं क्या सोलर वास्तव में आपके पैसे बचाता है?

Suitable for Indian Climate

Another strong reason why solar energy is important for the future is, we know India is a blessed county that receives ample amounts of sunlight. This can be a game changer and a leading light for the solar sector companies especially in India, as this country has a suitable climate for harvesting solar power.

These reasons make a strong base for the solar sector to grow,  solar power secures the future by reducing the carbon footprint and gives new opportunities to the youth and welcomes new economical grounds. If you’re interested to know more about solar visit our website.

आप अपने शहर में सबसे बड़ा सोलर सिस्टम कैसे लगा सकते है, जानने के लिए वीडियो देखें।

UTL is 25 years old  and is one of the leading companies in the solar field, it is known to be India’s most preferred solar inverter brand.