Rainmatter by Zerodha’s Post

India has immense potential for rooftop solar energy. However, only a small fraction of suitable homes have currently adopted solar panels. This presents a significant opportunity for growth and electricity bill reduction. Co-founder of SolarSquare Energy, Shreya Mishra, shares insights into the solar industry and reveals how their initiatives have helped Indians save Rs. 40 crore in electricity bills.

SANJEEV JAIN

Chief Engineer (Retd) CREDA | Certified Energy Auditor | Accredited Green Building Professional . Renewable Energy, Energy Efficiency, ESG, Sustainability ,Climate Change Consultant/Expert,

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There are over 6 lakh installations of rooftop solar power systems currently under the PM Surya Ghar Muft Bijli Yojana (PMSGMBY), a government scheme that aims to provide free electricity to households in India. This works out to just around 6 per cent of the 1 crore household target (up to FY27) set under the scheme, which was launched in February 2024. There is time lags in installations of the solar power plants after application by citizens as the number of installations are just at around 25 per cent of applications. There are challenges in getting financing assistance for rooftop installations that are larger in size than the first 2 kW cut-off. The subsidy amount reduces, and banks too don’t have suitable products. Delays in Net-metering (which are essential for tracking bi-directional flow of energy) procurement can also hold up certification and commissioning of rooftop solar units . Ministry of New and Renewable Energy (MNRE) REC Limited PM - Surya Ghar: Muft Bijli Yojana

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ARNAB GUHA

Building Sportify, IIPLeM & 2nd Brain | Blurring the line between Food & Medicine via GFCFSF Innovations | Scientist cum Bootstrapped Entrepreneur | Ex-Novozymes | Ex-Britannia | Ex-Heinz

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Whenever Sportify has its greenfield factory in future (before 2030), will surely look to make it net zero electricity bills factory. Not many know but we got excellent understanding of Solar Energy Business in 2016 during our initial days of techno-commercial consultancy days at IIPL. Solar is one of the best renewable energy. Hybrid solar and wind is even better but it needs better location.

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Amitansu Patnaik

Delivery Manager @ Actalent | Customer Success, Project Management, Key account management

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Just wondering how is the state govt payouts to the IPPs? Do the IPPs get regular payments from state electricity board (in case the IPPs sells the electricity to state govt)?

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Syed Habeebur Rahiman

Content Creator, Web Developer & Consultant Horticulture

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I feel reducing energy conservation is more important than alternative sources to improve mental, physical and environmental aspects

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Naveen Chitravel

Chief Manager - Projects at Bharat Petroleum Corporation Limited

1w

Elaborate pls

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