electricity costs

What are the benefits of adopting solar energy in India?

Solar energy adoption in India offers significant advantages through decentralized, clean power. The payback period has decreased from 9-10 years to just 3-5 years, with expectations to further reduce to 3 years in the near future. Government subsidies of about 78,000 rupees are now accessible within 30 days through direct benefit schemes. With net metering, households can produce surplus power during daylight hours while drawing from the grid at night, resulting in zero electricity bills. This system ensures consistent power regardless of weather conditions. Widespread adoption of solar energy could dramatically reduce India's dependence on oil imports, helping control inflation and fueling economic growth in the coming decade.