In Short : According to a new study, installing rooftop solar systems could drastically lower electricity costs for 3.3 lakh small and medium-sized businesses (SMEs) in India, increasing their competitiveness and long-term resilience.
Encouraging Innovation and Strategic Growth
Electricity accounts for a significant portion of SMEs’ operating expenses. In addition to lowering costs, integrating rooftop solar protects companies from tariff increases and facilitates the use of cutting-edge energy models like net metering and storage integration.
Impact and Significance of Clean Energy
India’s shift to a greener economy may be accelerated, carbon emissions could be decreased, and gigawatts of localized renewable power might be unlocked by scaling rooftop solar for SMEs. In the solar value chain, it also promotes the creation of jobs in installation, maintenance, and services.
About the Study
The purpose of the study was to assess the financial and environmental advantages of solar adoption in India’s SME sector, which employs millions of people and is the foundation of the country’s economy. According to research, rooftop solar has the potential to change the energy landscape of the industry and make it more economical and environmentally friendly.
