At Greenworldinvestor, we have always thought that the country’s needs would be more served if the government stopped subsidizing the large massive solar farms in favor of small rooftop solar installations. A massive power deficit, affordable solar systems, inadequate transmission makes India ideal for rooftop solar installation. However, the government of India<\/strong> in its infinite wisdom continues to spend money in building large solar farms that are beset with corruption allegations and project delays. India is all set to announce the second set of big bang solar subsidies under JNNSM Phase 2 for 750 MW<\/strong> of solar farms<\/em>.<\/p>\n Despite the government’s indifference, solar rooftop installations have started mushrooming as some states are giving incentives. Solar electricity becomes affordable thanks to the fast increasing grid electricity prices. I think that the solar rooftop segment in India has reached a tipping point with mainstream financial companies starting to finance the rooftop installations. Bajaj<\/strong> and Shriram<\/strong> are the major NBFCs and they have tied up with Borg Systems<\/strong> to finance solar systems in the southern state for 5-7% interest rate<\/em>. This is great news for the solar sector in India as high investment cost is the biggest hurdle to solar growth. With cheap loans, it becomes easier for people to buy solar systems and the lower interest cost will reduce the payback period.<\/p>\n