{"id":21478,"date":"2018-12-26T11:56:54","date_gmt":"2018-12-26T06:26:54","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=21478"},"modified":"2018-12-26T11:56:54","modified_gmt":"2018-12-26T06:26:54","slug":"lack-of-financing-options-and-high-upfront-costs-limit-residential-rooftop-growth-in-india","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2018\/12\/26\/lack-of-financing-options-and-high-upfront-costs-limit-residential-rooftop-growth-in-india\/","title":{"rendered":"Lack of Financing Options and High Upfront Costs Limit Residential Rooftop Growth in India"},"content":{"rendered":"<h3 style=\"text-align: justify;\">India Residential Rooftop Problems<\/h3>\n<p style=\"text-align: justify;\">With a population of more than 130 crores, India is a highly price sensitive nation. A rising population calls for higher demand for power.\u00a0 To\u00a0solve this inevitable situation, the Indian government has been increasingly looking towards renewable sources of power generation like wind and solar in the country. It is true that the prices of renewable energy sources have drastically fallen down in the past few years and there has been huge adoption of\u00a0utility-scale solar projects. However, the country still lags behind <strong>rooftop solar installations\u00a0<\/strong>despite having huge potential.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2017\/07\/Solar-Storage-rooftop.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-20316\" src=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2017\/07\/Solar-Storage-rooftop.jpg\" alt=\"Solar Rooftop\" width=\"275\" height=\"183\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">We are\u00a0generally reluctant to change. People of India still <strong><em>lack relevant information and awareness<\/em> <\/strong>about the benefits of going solar. They end up paying high power tariffs because they are not comfortable\u00a0incurring\u00a0upfront expenses of buying solar panels and other equipment.\u00a0Even if someone is interested, he does not want to go through the complex process of getting subsidies and relevant paperwork done. <strong><em>Lack of standard products, procedures and the absence of easy financing options from banks<\/em><\/strong> has resulted in a slowdown. All these factors have led to slower adoption of rooftop solar despite the country having a large number of available rooftops for installation. According to Bridge to India,\u00a0<em>households account for only 9% of the total rooftop solar capacity<\/em> in the country and a majority of the rooftop installations in the country are\u00a0on commercial or industrial establishments.<\/p>\n<p style=\"text-align: justify;\">Also, read about the <a href=\"http:\/\/www.greenworldinvestor.com\/2018\/02\/19\/banks-that-provide-loans-for-rooftop-solar-projects-in-india\/\" target=\"_blank\" rel=\"noopener\"><em>banks that provide loans for rooftop solar<\/em><\/a> projects in India<\/p>\n<p style=\"text-align: justify;\">The Indian government has announced various policies, subsidies, and\u00a0progressive <strong>net metering rules<\/strong> to promote rooftop solar in India, but all in vain. Given the lack of proper structural norms and adequate financing options, the <strong>Indian<\/strong>\u00a0<strong>residential solar rooftop sector<\/strong> will continue to suffer in India.<\/p>\n<p style=\"text-align: justify;\">Also, read about the <strong><em><a href=\"http:\/\/www.greenworldinvestor.com\/2016\/07\/21\/which-states-are-the-most-friendly-towards-rooftop-solar-in-india-state-policies-and-achievements\/\" target=\"_blank\" rel=\"noopener\">most friendly rooftop solar states in India<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Residential Rooftop Problems With a population of more than 130 crores, India is a highly price sensitive nation. A rising population calls for higher demand<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":20316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[30,101,45],"tags":[2838,3000,3318,4473,4806],"class_list":["post-21478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india-green-stocks-greeninvest","category-rooftop-solar","category-solar-renewable-energy-greeninvest","tag-india-residential-rooftop-problems","tag-indian-residential-solar-rooftop-sector","tag-lack-of-financing-options-and-high-upfront-costs-limit-residential-rooftop-growth-in-india","tag-rooftop-solar-india","tag-solar-energy-india-news"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=21478"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21478\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=21478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=21478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=21478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}