High installation cost barrier to adopting solar rooftop power: Report

The survey was conducted by Luminous Power Technologies, involving 4,318 respondents from 5 metros and 8 non-metro cities

solar energy, solar, solar panel
The study further said that around 59 per cent respondents have concerns over high initial installation costs. (File Photo)
Press Trust of India New Delhi
1 min read Last Updated : Jun 24 2024 | 3:25 PM IST

High cost of installation and lack of skilled workforce are among the top three barriers to adoption of rooftop solar power in India, according to a survey.

The survey was conducted by Luminous Power Technologies, involving 4,318 respondents from 5 metros and 8 non-metro cities.

About 90 per cent of the respondents of 'Solar Spectrum of New India' survey acknowledge the need for specialised skills in solar panel installation, and 45 per cent believed skilled labour is unavailable locally.

"The top barriers to the adoption of solar power in India are shortage of specialized skills, perceived cost implications and accessibility," it said.

The study further said that around 59 per cent respondents have concerns over high initial installation costs.

"A noteworthy proportion believe that the cost of implementing solar power solutions is slightly more compared to traditional energy sources," it said.

This suggests the need to build awareness of financial schemes and avenues available for consumers who are prepared to adopt such solutions but refrain due to reservations about the cost.

Luminous is into manufacturing of solar panels, batteries and invertors.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :solar energysolar rooftopsolar power projectssolar power in India

First Published: Jun 24 2024 | 3:24 PM IST

Next Story