Solar energy has the potential to play a significant role in the country’s endeavour to bring in a swift transition towards clean energy; thereby creating a sustainable ecosystem which protects the environment, enhances energy security, creates jobs, and fosters economic growth. The government has set an ambitious target of adding 250 GW of renewable energy in the next five years and installing 500 GW of clean energy by 2030; for which solar energy can be a key driver. To catapult the energy transition, players across the industry have been leveraging government policies and technological innovations to increase domestic production and help the country become self-reliant.
While solar power has gained significant popularity and is considered a viable source of renewable energy, several barriers can hinder its installation and widespread adoption. Primarily, the upfront costs associated with installing solar panels can be a significant barrier. While the prices of solar panels have decreased over the years, the initial investment can still be substantial for residential, commercial, or industrial installations.
