Is Solar Energy FAD*?
Is solar energy FAD? Do you think it could be a short term hype in renewable energy?
Let us start by putting up an example of Solar development in rural area,
Story of B Manoga Naik from Gollapalli village in the Anantapur district of Andhra Pradesh. Naik, a member of a farmer’s producer organisation with 40 members, is now using a solar drier to magnify his profits from his farming activities.
The reason we think its hyped is because, Businesses in Mumbai reduce their energy costs by generating their electricity. With rising energy prices, many people are turning to solar energy as a way to save money on their electricity bills.
With advances in solar technology, solar energy systems have become more efficient and cost-effective, making them an attractive option for consumers.
Some consider this to be for a short period of time, its because The initial costs of installing a solar energy system can be high, and some people may perceive it as an expensive and trendy option, rather than a practical long-term investment
Some people may view solar energy as a trend that will fade away in the short-term rather than considering the long-term benefits it can offer.
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We believe its long term source of energy,
The life expectancy of solar panels is about 25-30 years. Energy production has declined by what manufacturers consider to be a significant amount.Solar panels will continue to work for many decades, given they aren’t physically damaged by extreme weather, wind, debris, or any other external factors.
Thrilled to put out that India Instals a Record 13 GW of Solar Capacity in 2022, which is Up 27% YoY
India plans to install 500 GW of renewable energy capacity by 2030
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1 年LocalKing.in, with its manufacturing expertise, supports sustainable energy initiatives. Let's collaborate to strengthen the solar revolution nationwide.
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Lead - Pensions and Other Employee Benefits at KAP | Associate Member at AASL | Ex Associate & Corporate Advisor at Vefes
1 年Solar is a long term solution , and hence GOI is pushing for it. Innovations in domain will happen as we progress
Lead - Pensions and Other Employee Benefits at KAP | Associate Member at AASL | Ex Associate & Corporate Advisor at Vefes
1 年very well explained,