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tritonmarketresearch · 2 years ago

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BIPV Market: Trends Supplement Large-Scale Solar Systems Adoption

As per the International Energy Outlook, the global power demand is expected to rise by 80%, requiring an investment of around $19.7 trillion by 2040. Also, the Paris Agreement set a target of limiting global warming temperature below 2° Celsius, preferably 1.5° Celsius. This has influenced governments to seek innovative ways to reduce emissions while meeting energy demand, which has paved the way for photovoltaic materials in buildings. Triton’s analysis estimates that the global building integrated photovoltaics market will propel at a CAGR of 17.31% during the forecast period 2023-2030.

Building integrated photovoltaics serves the dual purpose of being the outer layer of a building and a power generator. This, in turn, has opened a new frontier in green infrastructure, influencing architects to develop energy-efficient and aesthetically appealing buildings. For instance, Ubiquitous Energy’s transparent solar window panels, UE Power, have emerged as an aesthetically appealing power-generating alternative to conventional windows.

BIPV Revolution: Trends Reshape Energy Landscape

According to the International Renewable Energy Agency (IRENA) , around 90% of the world’s power can be generated with renewable energy by 2050. Since buildings consume high amounts of energy, BIPV integration will facilitate their transition from energy users to producers. On that note, the notable trends reshaping the market are:

Governments perceive investing in green energy solutions as an opportunity to attain GHG reduction targets. Hence, over the past few years, authorities worldwide have employed various measures to stimulate the adoption of sustainable technologies, including BIPV modules, across residential, commercial, and industrial sectors. For example:

As per the Indian Ministry of New & Renewable Energy (MNRE) , the government has implemented the production-linked incentive (PLI) scheme for high-efficiency solar PV modules with an outlay of INR 24,000 crore, to achieve domestic manufacturing capacity of solar PV cells and modules.

In 2021, the German government amended the Renewable Energy Act by establishing grid priority to drive the onshore wind, solar PV, and biogas growth. The government proposed to increase its solar capacity installations to 100 GW by 2030.

The Chinese government also formulated a policy that requires all new buildings to conform to energy guidelines modeled after LEED specifications. This policy combines a recent initiative to reconstruct 50% of residential high-rise buildings. The country is anticipated to add more than 600 GW of solar power by 2030.

Reaping the benefits from such incentives, the industrial sector leads the BIPV market at 39.54%. However, over the forecast period 2023-2030, the commercial sector is expected to witness the fastest growth at 17.38%.

As per IEA, the global solar PV generation reached around 821 TWh in 2020, a whopping 23% increase from 2019. The energy association also stated that next to utility-scale deployment, distributed applications on buildings contribute to around 40% of PV use globally. In this regard, rooftop-based applications are alleviating the burden on the distribution grids, enabling companies and households to pay lesser energy bills while reducing emissions. Moreover, the cost of installing rooftop PV systems reached around $1 per watt. Hence, roofing captures the majority of the market share at 55.69% in terms of application.

China drives the global market, followed by the US, European nations, and Japan playing a major role. The rise in installations from around 19.4 GW in 2017 to 27.3 GW in 2021 was the key aspect that made China a leader in rooftop installations. For instance, Shanghai and Dezhou have acquired the title of ‘Solar City’, which features a large fleet of rooftop solar water heaters. Besides, the Net Zero Energy Building mandate across China is expected to accelerate the PV roofing segment, with solar tiles gaining major traction. Hence, these developments are expected to widen the scope of the Asia-Pacific BIPV market over the forecast period 2023-2030.

IEA projects that photovoltaic systems are estimated to account for approximately 14% of the total power generation by 2050, owing to the rising detrimental impact of fossil fuels. In fact, the organization stated that PV systems saved more than 860 million tons of C02 in 2020. The construction industry is highly innovative in the commercial sector owing to the development of cost-effective zero-emission green facilities.

As per IRENA, Germany ranks fourth in solar energy production globally. In 2021, the nation installed solar capacities of almost 60 GW, an increase of 5.3 GW from 2020. These actions are based on the country’s aim to obtain a 65% share of the renewable energy sector by 2030. Moreover, the Energy Efficiency Strategy for Building suggested advanced technology development to achieve the goal of a virtually climate-neutral building stock by 2050. Hence, the growing focus on sustainable energy sources fuels the overall Europe BIPV market, spearheaded mainly by Germany.

PV Cost Reduction: A Driving Force for Market Players

Since photovoltaic systems generate energy with around 42% efficiency using multi-junction cells, they have emerged as an ideal alternative over complex installations, such as wind turbines. As per the UN, between 2010 to 2020, the cost of power from solar systems plummeted by around 85%. This highlights the question:

What induced PV cost reduction?

The significant cost decline is mainly because of overproduction and higher investment in PV modules. Another factor is the efforts by Chinese suppliers and wholesalers to reduce the stock held in European warehouses to prevent anti-dumping and anti-subsidy tariffs. This oversupply, from China to Europe thus shrunk the cost of silicon. Such developments led energy solutions supplier Sungrow to supply products to the world’s largest BIPV plant (120 MW) in Central China’s Jiangxi Province. Therefore, the increasing efficiency, ease of installation, and decreasing cost of PV modules over conventional sources like coal and natural gas are expected to open new avenues for players in the building integrated photovoltaics market.

#building integrated photovoltaics market #bipv market #bipv #energy industry #power industry #market research report #market research reports #triton market research

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marketingreportz · 5 days ago

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Renewable Materials in Construction Market Global Opportunity Analysis & Industry Forecast, 2024–2030

Renewable Materials in Construction Market Overview

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Government bodies across the globe are taking several measures to reduce the carbon pollution. Moreover, change in climatic conditions across the globe is further boosting the need for sustainable building materials in order to reduce energy consumption. Few of the renewable materials used in construction industry are recyclable concrete, lime mortars, natural fiber composites, timber concrete composite and plant based polyurethane rigid foam. An increase in construction activities has opened new avenues for improved sustainability, digitalization and employing new technologies in this sector.

Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The construction industry has experienced pitfalls due to the unavailability of labor and raw materials. The production and demand in this industry has declined due to an interrupted supply chain and cessation in transportation. For instance, according to India’s Ministry of Statistics and Programme Implementation, in 2020, the growth rate of Indian construction industry declined by 7% in Q3 and 49.4% in Q2. The pause in industrial production and distribution, the demand and consumption of renewable materials in construction has hampered to an extent.

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Report Coverage

The report: “Renewable Materials in Construction Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments of the Renewable materials in the construction industry.

By Material: Plant-Based Material (Straw Bales, Cork, Bamboo, Reclaimed Wood and Others), Precast Concrete Slabs, Ferrock, Rammed Earth, Recycled Material (Metal, Plastic, Composites and Others), Green Thermal Insulation Materials (Sheep Wool, Cellulose, Earthwool and Others) and Others

By Application: Exterior Products (Window and Doors, Siding, Roofing and Others), Interior Products (Flooring, Insulation and Others), Building System (HVAC, Nonresidential Glazing, Lighting Fixtures and Others), Solar Products and Others

By End User: Residential (Independent Houses, Apartments and Others), Commercial (shopping malls, Hospitals, Corporate Offices, Education Centers, Hotel and Others), Industrial (Manufacturing Facilities, Warehouses and Other)

Key Takeaways

The notable growth in residential and commercial construction industry is driving the growth of Renewable materials in construction market.

Plant based renewable materials play an important role in several applications such exterior products, interior products and building systems which is expected to provide significant growth opportunity to increase Renewable materials in construction market size in coming years.

Favorable government regulations for the net-zero carbon emission in construction is expected to provide substantial growth opportunities for the industry players in near future in Renewable materials in construction industry.

Figure: Asia Pacific Renewable Materials in Construction Market Revenue, 2021–2027 (US$ Billion)

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Renewable Materials in Construction Market Segment Analysis — By Material

The plant-based material segment is expected to grow at a fastest CAGR of 10.7% during the forecast period in the Renewable materials in construction Market. The plant based renewable materials in construction can be further pided into straw bales, cork, bamboo, reclaimed wood and others. It is considered as construction sector is responsible for around 40% of the global carbon emissions. Thus, renewable materials are adopted to enhance the eco-friendliness in the industry. Cork is one of the highly eco-friendly and renewable resources made of cork oak tree. Straw bales owns a high insulating property and can be used in walls, ceilings and attics for temperature stability. Bamboo is suitable choice for constriction industry which is 100% biodegradable, eco-friendly and antibacterial. Reclaimed wood is one of the most common types of renewable material in construction as these are aesthetically pleasant and easy to use. Thus, several benefits associated with the use of plant-based materials is boosting the growth and is expected to account for significant renewable materials in construction market share. Few of the renewable materials used in construction industry are recyclable concrete, lime mortars, natural fiber composites, timber concrete composite and plant based polyurethane rigid foam.

Renewable Materials in Construction Market Segment Analysis — By End User

The residential segment held the largest Renewable Materials in Construction Market share in 2021, with a share of over 42%. During the past few years, construction industry is more inclined towards designing, operating and constructing buildings that improve their environmental sustainability owing to the stringent government regulations related to net-zero carbon future. Change in global climatic conditions also demand for sustainable building materials for the management of temperature. Renewable materials offer several benefits such as cost savings, regulatory incentives and improved quality. Sustainable building is referred to constructing building that are more energy efficient. The utilization of renewable materials in residential construction provides benefits such as efficient use of resources, reduction in carbon consumption and reduced use non-toxic materials. Thus, the increase in demand from residential construction is boosting the market growth of polypropylene market.

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Renewable Materials in Construction Market Segment Analysis — By Geography

Asia Pacific held the largest Renewable Materials in Construction market share in 2021, with a share of 36%. This growth is mainly attributed to the increase in residential, commercial and industrial construction activities in this region. The region consists of major economies such as China, India, Japan and Australia where level of construction output including residential and commercial has rapidly increased. For instance, according to Australian Bureau of Statistics, in February 2022, the number of dwellings approved in Australia rose 43.5% with private sector house approvals showing 16.5% rise. Also, according to India’s Ministry of Statistics and Programme Implementation, in Q4 of 2020, India construction industry grew by 6.2%. Further, according to China’s National Bureau of Statistics, in Q2 of 2021, construction sector of China registered growth of 1.8% while its cumulative growth was 8.6% in first half of 2021. The significant growth in construction in this region also demands for more sustainable and renewable materials in construction for the environmental benefits.

Renewable Materials in Construction Market Drivers

Favorable government regulation

Since past few years, construction industry is booming owing to the growth in approved construction projects, increase in disposable income and surge in urban population. Construction industry is considered as one of the major reasons for the high carbon emission, thus, the adoption of eco-friendly building materials is increasing while easing environmental pollution. In consideration with these concerns, the governments has imposed several regulations aiming towards net-zero carbon future. Several renewable materials hold the potential to replace conventional construction materials to building sustainable construction sector. The organization such as LEED (Leadership in Energy and Environmental Design) are encouraging construction companies by awarding them with green building certification. Similarly, EPA’s waste characterization report, the Advancing Sustainable Materials Management, 2018 Fact Sheet projected the construction and demolition material generation in the United States. According to Global Institute of Architecture, In India, the available code and guidelines available for construction are National Building Code, Energy Conservation Building Code (ECBC), Indian Green Building Council (IGBC) and National Building Code (NBC). Thus, favorable government regulations are further propelling the demand for renewable materials in construction market.

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Increase in construction activities across the globe

The growing residential construction on account of high demand for residential projects from the growing population, is also showing the customer inclination towards the renewable materials. This has increased the demand for renewable material in construction industry. Moreover, rapid urbanization and technological advancements has led to increase in the spending towards infrastructure developments in several countries across the globe. This has increased renewable material usage for commercial construction. For instance, according to UK’s Ministry of Housing, Community and Local Government, in Q1 of 2021, there were 49,470 completed homes in the UK, showing a highest figure in over 20 years and 4% increase compared to the last 3 months of 2020. Further, according to Statistics Canada, in January 2022, investment in institutional building increased by 0.6% to US$1.12 billion while industrial construction investment increased by 2.1% US$691.4 million since mid-2020. Thus, high growth in construction activities is further propelling the growth of renewable materials and is expected to boost renewable materials in construction market size.

Renewable Materials in Construction Market Challenges

High initial investment

Renewable materials (recyclable concrete, lime mortars, natural fiber composites, timber concrete composite and plant based polyurethane rigid foam) in construction offer several benefits such as complying with different government and environmental regulations, high quality and reduced carbon emission. However, the utilization of these materials associated with the high initial investment may burden most of the buyers. Therefore, customer may want healthy and sustainable place, however, cannot afford the high cost. The high cost of these materials is due to the unavailability of resources. Furthermore, this may require labor expertise to install the materials. Thus, the high initial investment may hamper the market growth.

Renewable Materials in Construction Industry Outlook

The top 10 companies in the Renewable Materials in Construction market are -

BASF SE

Alumasc Group plc

Binderholz GmbH

Bauder Ltd

Kingspan Group

Cemex S.A.B. de C.V.

Greenfiber

Sika AG

Forbo Flooring Systems

CertainTeed

Recent Developments

In May 2022, Cemex S.A.B. de C.V. has announced the setting of goal for its Vertua low carbon cement and concrete products to reach more than half of all the cement and concrete sales by 2025.

In November 2021, BASF SE has showcased its sustainable product portfolio at UTECH 2021 with the aim of reducing carbon footprint. For construction industry, products comprise of PU rigid foam systems for sandwich panel Elastopor and Elastopir.

In October 2021, Cemex S.A.B. de C.V. has announced the introduction of low carbon concrete for the construction of sustainable building in Warsaw’s P180 office building, the project that focuses on environment and wellbeing of its occupants.

Key Market Players:

The Top 5 companies in Renewable Materials in Construction Market are:

Kingspan Group Plc.

LafargeHolcim

BASF SE

Interface Inc.

PPG Industries Inc.

For more Chemicals and Materials related reports, please click here

#SustainableBuilding #GreenConstruction #RenewableMaterials #EcoFriendlyBuilding #SustainableArchitecture #CircularConstruction

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contendresolar · 13 days ago

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5kW Solar System Price in India: Cost, Subsidy, and Savings in 2025

There’s constant news about the rise in global warming due to the overuse of fossil fuels, but have you ever considered why we don’t make better use of an abundant resource like the sun? Yes, you heard that right—solar power! With advancing technologies, the way we power our lives is evolving. Many appliances and vehicles now run on batteries to help preserve the environment. But what about the concern over high electricity bills? Here’s the good news: solar energy can generate electricity for you, offering a sustainable and cost-effective solution. Solar energy can fit on rooftops, whether it's your large home, office, or even commercial building. The Contender Solar’s 5kW solar system is a perfect choice. A solar system is a collection of solar panels, electrical components, and inverters installed on a building's roof to generate electricity. The system can generate 20 approx. units of electricity daily, which makes it suitable for running multiple appliances, including air conditioners, refrigerators, and washing machines.

Cost of a 5kW Solar System in India

The prices of a 5kW solar power system for homes in India can vary depending on the state and the type of system components used. For example, an On-Grid Solar System, which is connected to the grid and does not require batteries, typically costs between ₹2,50,000 and ₹3,30,000.

An Off-Grid Solar System, which operates independently of the grid and includes battery storage, costs approximately ₹ 3,00,000. The third option is a Hybrid Solar System, combining both on-grid and off-grid features, which may cost around ₹ 4,50,000. Please note that these prices are suggestive and can vary from brand to brand even because of the quality of components and installation specifics.

Subsidy for 5kW Solar Systems in India

The Indian government is always up for new ways in which they can help to prevent pollution and give subsidies so that people can easily adapt without thinking of money. For residential consumers, the Ministry of New and Renewable Energy (MNRE) gives a subsidy of 40% for systems of up to 3kW and 20% for systems between 3kW to 10kW. So, if you are buying the solar systems of a 5kW rooftop solar you will be getting a subsidy of 20% approx. The Gujarat state also provides extra benefits on solar panels like a state subsidy of rs. 10,000 per kW which directly makes it affordable for the people.

More Information Read Our Blog :- 5kW Solar System Price in India: Cost, Subsidy, and Savings in 2025

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marketsndata · 14 days ago

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India Waste to Energy Market Size, Growth and Report 2032

India Waste to Energy market is expected to observe a CAGR of 6.16% during the forecast period FY2025- FY2032, rising from USD 3.06 billion in FY2024 to USD 4.94 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

Waste to energy (WTE) technology has become important in India’s waste management strategy. Technology offers two primary advantages: generating clean electricity and providing environmentally friendly disposal and management of waste, which drives its demand in the country. Additionally, the Indian government is focusing on advancing WTE technologies as part of its strategy to promote renewable energy, thereby fostering market growth.

For instance, in October 2024, the MNRE stated that India’s overall energy generation potential from waste is around 5690 MW. In this total capacity, the energy generation potential was at its peak for urban wastes, with a value of 1247 MW (covering 21.91% of the total energy generated), followed by cattle farm wastes (862 MW, at 15.14%), distillery wastes (781 MW at 13.72%), raw vegetables (579 MW at 10.17%), etc.

Adoption of Biomethanation Technology is Augmenting the Market Growth

The demand for biomethanation technologies for waste to energy conversion is increasing at an exponential rate within the country. Due to its several environmental benefits and a massive potential towards sustainable energy, the demand for biomethanation technology is rising exponentially in India. The Indian government is strongly focusing on the introduction of biomethanation projects. Besides that, the projects play a major contribution towards lowering the toxic gas emissions that are present in the air as well as reducing pungent stenches during the production process of renewable energy from wastes, which drives its adoption in the market.

For instance, in August 2023, the Ministry of New and Renewable Energy (MNRE) announced that India is strongly focusing on the development of Biomethanation projects for efficient waste to energy (WTE) conversion. MNRE also added that new Biomethanation plants of various capacities (33,000 kg/day in Punjab, 20,000 kg/day in Maharashtra, 10,200 kg/day in Karnataka, etc.) have been installed across the country within the fiscal years 2022 to 2024. These plants are going to enhance the biomethanation process even more in India and thus will contribute greatly to meet the sustainability targets for the country.

Rise in the Number of Waste to Energy Projects is Amplifying the Market Expedition

India is strongly focusing on investing in waste to energy projects, complementing its idea of sustainability. This waste will help the country meet its objectives of increasing the growth of renewable energy while minimizing landfills and greenhouse gas emissions. Utilizing waste-to-energy solutions will boost the economy and stabilize growth in the country. This transition not only addresses environmental concerns but also fosters technological advancements in the renewable sector and, at the same time, positions India as a leader in sustainable energy development while supporting its broader economic objectives.

For instance, in August 2024, the Ministry of Environment, Forest and Climate Change announced that Brihanmumbai Municipal Corporation (BMC) is building a waste to energy project with a capacity of converting 600 tonnes per day (TPD) of municipal solid wastes into electricity. Funded under the Grant for Solid Waste Management in the 15th Finance Commission, it will generate a total electricity of around 7 megawatt (MW). Moreover, the overall cost of the project stood at USD 59.92 million. This clearly highlights BMC’s commitment to mitigate the problems related to waste management in Mumbai thereby contributing to renewable energy generation.

Increase in Need for Pyrolysis Technology in Waste to Energy Conversion is Fueling the Market Growth

The importance of pyrolysis technology in waste-to-energy conversion in India lies in its ability to overcome significant challenges in waste management. This approach reduces reliance on traditional waste disposal methods, which mostly cause pollution. Moreover, the technology promotes decentralized waste management, thereby proving to be a sustainable alternative that reduces the environmental impact. Additionally, the technology supports carbon neutrality and has diversified applications in agriculture, energy production, and environmental conservation, thereby promoting a circular economy and expediting market growth.

For instance, in August 2024, the Indian government announced that the Indian Institute of Technology (IIT) Bhubaneswar has developed a microwave pyrolysis reactor with the use of solar energy for sustainable waste to energy conversion. The microwave-assisted pyrolysis can extract valuable resources from segregated or mixed waste comprising of plastics and then rapidly transforms these wastes into renewable energy. The technology is entirely solar-powered, carbon neutral and promotes decentralized waste management with substantial environmental benefits, thus expediting the market growth.

Western and Central India Emerges as the Market Leader

The western and central region of India is leading the market share significantly and is expected to continue to do so in the upcoming years due to the presence of states like Gujarat, Madhya Pradesh and Maharashtra. The major factors influencing the growth of WTE facilities in the region include high generation of waste in urban areas and an effective industrial base that is able to convert these wastes into electrical energy. Furthermore, the region is facilitated by encouraging government policies and schemes supporting the development of renewable energy at a national level. This makes the western region a leader in advancing sustainable waste management solutions in India through a combination of urbanization, industrial capability, and favorable policies, thereby facilitating market growth.

For instance, in November 2024, the Indian government inaugurated the largest waste to energy plant in Gujarat worth USD 44.58 million at Piplaj, Ahmedabad. This project is in collaboration between the Government of Gujarat and the Jindal Urban Waste Management Company. This facility can produce 15 megawatts (MW) of power from 1 thousand metric tonnes of solid waste per day. It not only guarantees a green future for the city of Ahmedabad but also stands as one of the country’s assets for proficient waste management.

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Future Market Scenario (FY2025 – FY2032)

The future market scenario for WTE in India appears promising, driven by the country’s escalating waste generation and the urgent need for sustainable energy solutions.

Moreover, the Indian government is spending a hefty amount towards the development of WTE technology across the country via research and development (R&D) activities which, in turn will cater to ample opportunities for market growth in the upcoming years.

Pyrolysis technology will be the prime opportunity in waste to energy management for India, as most forms of waste can be easily converted into clean energy via this procedure. With greater urbanization and waste production, the utilization of pyrolysis can lead to more energy security and less landfills. This, in turn will make WTE a pivotal solution for sustainable development across the country.

Incineration is an integral part of India’s waste to energy strategy, converting municipal solid waste into electricity through high-temperature combustion. The process not only reduces the volume of waste but also generates renewable energy, addressing environmental concerns amid increasing levels of waste due to urbanization and industrialization, thereby catering to ample opportunities for the market in the future.

Report Scope

“India Waste to Energy Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India waste to energy market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/india-waste-to-energy-market

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Contact

Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: [email protected] Website: https://www.marketsandata.com

#Waste to Energy #India Market #Market Research Reports

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solispowersolution · 14 days ago

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Solar Rooftop Solutions in India: A Solis Guide to Choosing the Right Option

India is moving towards a large-scale adoption of renewable energy. Solar rooftops are being widely adopted as the new source of sustainable power. The government and private sectors are also pushing towards clean energy. The solar rooftop system has thus gained popularity in households and industries. Here are some of the different solar rooftop solutions available in India, along with the latest innovation by Solis Power Solution.

What are Solar Rooftop Solutions?

The solar rooftop system involves installing photovoltaic panels on the rooftops of buildings to generate electricity. These systems tap sunlight, convert it into usable energy, and thereby reduce dependency on conventional sources such as coal or natural gas.

There are two major types of solar rooftop systems:

Grid-Connected Systems: Tied to the local power grid, allowing users to send excess energy back to the grid and earning credits or payments.

Off-Grid Systems: These are independent systems, where the energy is stored in the batteries to be used during non-sunny hours.

Advantages of Solar Rooftops

Saves Money: A solar rooftop system saves a lot of money on electricity bills in the long run.

Environment-Friendly: It reduces carbon emissions, thus making the earth a cleaner place.

Government Incentives: Subsidies and tax benefits make solar installation cheaper in India.

Energy Independence: Solar rooftops ensure a steady supply of energy, especially in areas where power cuts occur frequently.

Popular Providers in India

India has numerous providers that are offering reliable solar rooftop solutions. Among these, Solis Power Solution is quite innovative in technology and customer-focused.

Solis Power Solution Features:

PV panels with advanced technology, high efficiency, and durability.

Strong inverters with a guarantee of uninterrupted power supply.

User-friendly systems with integration of mobile apps for monitoring energy usage.

Customized solutions designed for residential, commercial, and industrial requirements.

Cost of Solar Rooftop Solutions

The cost of installing a solar rooftop system varies with factors such as the size of the system, type of panels, and complexity of installation. A 1 kW system costs approximately ₹40,000 to ₹60,000 after government subsidies.

Government Incentives for Solar Rooftops

The Indian government encourages solar adoption through initiatives such as:

Subsidies: Up to 40% subsidy on residential rooftop systems under the MNRE (Ministry of New and Renewable Energy).

Net Metering Policies: To encourage users in feeding excess power into the grid.

Solar Loans: Various banks offer low-interest loans for the installation of solar.

Indian Future of Solar Rooftops

As energy prices are increasing and environmental issues continue to grow, Indian prospects look promising. The Indian Government aims at the targeted 40 GW of installed rooftop solar capacity by 2030.

Solis Power Solution is a very practical solution in reducing energy cost and sustainability, and this will be made by companies that ensure efficient and affordable systems. Being a homeowner or even a business person, investing in a solar rooftop system is an investment for the future- the greener, more self-sufficient future.

#SolarEnergy #RenewableEnergy #SolarRooftops #CleanEnergy #SustainableLiving #GreenFuture #SolarPower #EnergyIndependence #SolarSolutions #IndiaRenewables #EcoFriendly #SolarInnovation #EnergySavings

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news365timesindia · 28 days ago

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[ad_1] Building the remarkable success of its previous two editions, India Energy Week 2025 (IEW’25), the flagship energy event of Government of India, is being held under the patronage of the Ministry of Petroleum and Natural Gas, organised by Federation of Indian Petroleum Industry (FIPI), from 11th to 14th February 2025 at the Yashobhoomi Convention Centre, New Delhi. The first major global event of the energy calendar, IEW 2025, is poised to be the most comprehensive and inclusive global energy gathering of the year. Since its inception in 2023, the India Energy Week has grown from strength to strength.IEW 2025 has surpassed other international energy events. This year’s edition marks a significant leap over its predecessor, showcasing elevated leadership participation and more dynamic discussions. A noticeable improvement is in the seniority of speakers year on year with around 70 CEOs of prominent International and domestic Energy majors underlying the growing global appeal of the event. IEW will be bigger than ever with unparalleled global participation, including 20+ Foreign Energy Ministers and Deputy Ministers representing advanced economies, largest energy producers, and key nations of global south. The event will also feature Heads of leading International Organizations and 90 CEOs from some of the world’s largest Fortune 500 energy companies including bp, TotalEnergies, QatarEnergy, ADNOC, Baker Hughes and Vitol. IEW 2025 Incorporates seven key strategic themes (Collaboration, Resilience, Transition, Capacity, Digital Frontiers, Innovation, Leadership) with greater emphasis on pragmatic solutions for decarbonization, energy equity, and low-carbon economies. The inclusion of 20 thematic categories this year, compared to 18 in 2024, highlights a broader focus on cutting-edge issues such as AI, digitalization, and maritime decarbonization. The conference’s structured stages—Resilience and Transition—align perfectly with India’s dual goals of energy independence and decarbonization, ensuring relevance to global and national agendas alike. The event is expected to have participation from over 70,000 delegates from 120 countries, 700+ exhibitors, and 10 country pavilions United States, United Kingdom, Germany, Italy, Japan, Russia etc. and 8 thematic zones, this flagship event will provide a premier platform to drive the global energy dialogue, showcase breakthrough technologies, and foster international collaboration for a sustainable energy future. In IEW2025 we have seen a 29% increase in abstract received and a 24% increase in speaker participation, emphasizing IEW’s stature as a platform for industry innovation. Sessions now cover vital topics like future clean power pathways, grid-scale energy storage, and methane mitigation technologies, reflecting the industry’s forward-looking priorities. The event will witness robust participation from key Indian energy ministries, including the Ministry of Power, Ministry of New and Renewable Energy (MNRE), NITI Aayog, and the Ministry of Mines and Minerals. This reflects a whole-of-government approach, ensuring seamless collaboration and comprehensive engagement across the entire energy sector, underscoring India’s commitment to integrated and inclusive energy solutions. The event will place a special emphasis on showcasing India’s transformative efforts across the entire energy landscape including strengthening energy security and promoting energy justice, amplifying the voice of the Global South, and unveiling the immense investment opportunities within India’s hydrocarbon sector. It will also spotlight India’s advancements in renewable energy and cutting-edge technologies such as battery storage, 2G and 3G biofuels, green ammonia, and hydrogen production, positioning the nation as a global leader in sustainable and innovative energy solutions. Highlighting the significance of this prestigious event, Pankaj Jain, Secretary, Ministry

of Petroleum and Natural Gas, remarked, “IEW 2025 offers a platform where global stakeholders can freely exchange ideas, explore opportunities, and witness India’s leadership in navigating complex energy transitions. As a springboard for collaboration on key energy projects, including green hydrogen technologies, solar innovations, or advanced exploration techniques, this event represents a crucible of global energy innovation.” IEW 2025 will feature impactful side events to foster global collaboration and innovation in the energy sector. Key among them is the Clean Cooking Ministerial, which will focus on accelerating the global adoption of clean cooking solutions. This event offers India an opportunity to showcase its success stories, such as the Pradhan Mantri Ujjwala Yojana (PMUY), as a model for driving access to clean cooking energy. Additionally, IEW 2025 will host high-impact conferences and roundtables to advance India’s energy transition and improve ecosystem efficiencies like International Conference of Petroleum and Natural Gas Regulatory Boards – 2025 by PNGRB, a session on Decarbonization of India’s Transport moderated by Bloomberg, and a roundtable on AI for Energy moderated by S&P Global Commodities solidifying IEW’2025 as a hub for actionable insights, transformative innovation, and strategic partnerships in the global energy landscape. In line with India’s commitment to fostering a thriving startup ecosystem and promoting innovation, IEW 2025 will host the Avinya Energy Startup Challenge 2.0. The top five startups from this challenge will gain exclusive access to showcase their cutting-edge solutions at the event, significantly boosting their global visibility and impact. The winners of the Technical Papers presentation, selected from nearly 3,000 submissions, will have the opportunity to present their groundbreaking solutions. Highlighting the skilled human capital available in the country, special stress is being laid on engaging students and educational institutions in the event. Special workshops/masterclasses are being organised by international experts for students/entrepreneurs/innovators in India. These masterclasses are being provided free of cost. Exhibition entry is free on all days for visitors. More than just a conference, IEW has distinguished itself as one of the most comprehensive and most significant energy events organized by a major energy-consuming country, and it is now the fastest-growing energy event globally. IEW,25 will build on this momentum, marking a watershed moment in the global energy dialogue. [ad_2] Source link

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news365times · 28 days ago

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ardha-narisha · 1 month ago

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Government Subsidies for Solar Panels in Domestic Homes in India

Solar energy has been gaining popularity in recent years as a viable alternative to traditional sources of energy. With growing concerns about climate change and the need for sustainable living, many governments around the world have started providing subsidies for solar panels. In this article, we will discuss the government subsidies for solar panels in domestic homes specifically in India.

The Need for Solar Subsidies in India

India has been facing a growing energy demand due to its rapid economic growth and increasing population. The country heavily relies on fossil fuels, primarily coal, to meet its energy needs. However, this has resulted in high levels of air pollution and contributed to global warming.

The Importance of Solar Energy

The energy demand has been constantly increasing due to population growth and technological advancements. However, the majority of our energy needs are still being met by burning fossil fuels, which release harmful greenhouse gases into the atmosphere. This contributes significantly to global warming and other environmental issues.

Solar energy, on the other hand, is a clean and renewable source of energy that does not emit any greenhouse gases. It is harnessed from the sun’s radiation and can be converted into electricity through solar panels. This makes it a crucial part of the solution towards achieving sustainable living.

The importance and benefits of solar energy cannot be overstated. Here are some key points to consider:

Environmentally friendly: Solar energy is a clean and renewable source of energy, which means it does not release harmful pollutants into the environment. This significantly reduces our carbon footprint and helps combat climate change.

Cost-effective: Once installed, solar panels require very little maintenance, making them a cost-effective option in the long run. They also help to reduce electricity bills, as homeowners can generate their electricity and even sell excess energy back to the grid.

Reliable: Solar energy is available everywhere, as long as there is sunlight. This makes it a reliable source of energy, especially in remote areas where traditional power sources may not be accessible.

Job creation: The solar energy industry has the potential to create thousands of jobs in the manufacturing, installation, and maintenance of solar panels. This contributes to economic growth and development.

Energy independence: Solar energy reduces our dependence on traditional sources of energy, such as coal and oil, which are limited resources. By harnessing the power of the sun, we can become more self-sufficient in meeting our energy needs.

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Government Subsidies for Solar Panels in India

As one of the world’s largest developing countries, India has been facing numerous challenges in providing sustainable and affordable energy solutions for its growing population. To promote the use of renewable energy sources, the Indian government has implemented various subsidies and policies to encourage the adoption of solar energy.

One of the key initiatives is the Jawaharlal Nehru National Solar Mission, launched in 2010 with a target of 20 GW of grid-connected solar power by 2022. This was later increased to 100 GW in 2015, showing India’s commitment to a cleaner and greener future.

Under this mission, the government has introduced various policies and incentives to promote the installation of solar panels in domestic households. These include:

Capital subsidy: The Ministry of New and Renewable Energy (MNRE) provides a capital subsidy of 30% for off-grid solar systems and 70% for rooftop solar systems.

Net metering: This allows homeowners to sell excess energy generated by their solar panels back to the grid, leading to savings on electricity bills.

Tax exemption: Solar equipment and systems are exempt from certain taxes, making them more affordable for consumers.

Low-interest loans: The Indian Renewable Energy Development Agency (IREDA) offers low-interest loans for the installation of solar panels in residential buildings.

Group net metering: This allows multiple users within a housing society or residential complex to share the benefits of solar energy.

Impact of Government Subsidies

The government subsidies for solar panels in domestic homes have had a positive impact on both the environment and the economy of India. Here are some key benefits:

Reduction in carbon emissions: The increased use of solar energy has led to a significant reduction in carbon emissions, making India a leader in the fight against climate change.

Lower electricity bills: Homeowners who have installed solar panels can save on electricity bills, making it a more affordable option for many.

Job creation: The solar energy industry has seen a surge in job opportunities, employing thousands of people across the country.

Economic growth: India is now one of the top manufacturers and installers of solar panels, contributing to economic growth and development.

Increased energy security: With the use of solar energy, India is reducing its dependence on imported fossil fuels, making it more self-sufficient in meeting its energy needs.

The Indian Government’s Efforts

The Indian government has recognized the potential of solar energy and has taken various measures to promote its use in domestic homes. One of the most significant initiatives is the introduction of subsidies for solar panels.

The subsidies are aimed at making solar energy more accessible and affordable to households. This has not only encouraged the adoption of solar panels but has also created job opportunities in the renewable energy sector.

Apart from subsidies, the Indian government has also taken several other steps to promote the use of solar energy in domestic households. These efforts include:

Solar Parks: In addition to rooftop solar systems, the government has set up large-scale solar parks with a cumulative capacity of over 40 GW. These aim to provide clean and affordable energy to industries and commercial establishments.

Awareness campaigns: The government has launched various awareness campaigns to educate people about the benefits of solar energy and encourage them to adopt it in their homes.

Research and development: The Ministry of New and Renewable Energy (MNRE) is actively involved in supporting research and development projects for solar technology, making it more efficient and cost-effective.

Incentives for manufacturers: The government provides various incentives and subsidies to manufacturers of solar panels, encouraging them to increase production and reduce costs.

Partnerships with other countries: India has formed partnerships with other countries for technology transfers, promoting the use of solar energy in domestic households.

These efforts have not only helped to increase the adoption of solar energy but have also made India a leader in the global solar market. The country is now among the top five in terms of installed solar capacity and has set a target to achieve 450 GW of renewable energy by 2030.

Challenges and Future Outlook

Despite the government’s efforts, there are still some challenges that need to be addressed for the widespread adoption of solar energy in domestic households. These include:

High upfront costs: The initial investment for installing solar panels can be high, making it less accessible to lower-income households.

Lack of awareness and information: Many people are still not aware of the benefits and incentives available for solar energy, leading to a slow adoption rate.

Storage and distribution infrastructure: India currently lacks the necessary infrastructure for storing and distributing solar energy on a large scale, hindering its growth potential.

In the future, the government needs to address these challenges and continue promoting solar energy in domestic households. This can be achieved by implementing policies and initiatives that make solar panels more affordable and accessible to all sections of society.

Moreover, with advancements in technology and increased investments in research and development, we can expect to see more efficient and cost-effective solar panels shortly. This will further increase the adoption of solar energy, bringing India closer to its goal of sustainable living.

Types of Subsidies Available

Capital Subsidy: Under this scheme, the government provides a certain percentage of the cost of installing solar panels as a subsidy. The amount of subsidy varies depending on the state and can range from 30% to 70% of the total cost.

Interest Subsidy: This scheme was introduced to promote solar water heating systems in domestic homes. The government provides an interest subsidy of up to 3% for loans taken for installing these systems.

Net Metering: This is a billing mechanism where households with solar panels can sell excess electricity generated back to the grid. The government has made net metering mandatory in all states, making it financially beneficial for households to invest in solar energy.

Tax Incentives: The Income Tax Act of India allows tax deductions for investments in renewable energy sources, including solar panels. This encourages individuals to switch to solar energy and also helps reduce the cost of installation.

Benefits of Government Subsidies

The introduction of subsidies for solar panels has had a significant impact on domestic households in India. Some of the key benefits include:

Cost Reduction: The main barrier to adopting solar energy is the high initial cost of installation. Subsidies have helped reduce this cost, making solar panels more affordable for households.

Energy Savings: With solar panels, households can meet a significant portion of their energy needs independently. This reduces their reliance on traditional sources of energy, resulting in lower electricity bills.

Environmental Impact: The use of solar energy has a positive impact on the environment by reducing dependency on fossil fuels and lowering greenhouse gas emissions.

Job Creation: The growth of the renewable energy sector due to subsidies has created job opportunities in the installation, maintenance, and manufacturing of solar panels.

Challenges and Solutions

Despite the benefits, there are still some challenges that come with the implementation of government subsidies for solar panels in domestic homes. These include:

Lack of Awareness: Many people are not aware of the subsidies available for solar panels, which hinders their adoption.

Limited Availability: Subsidies are not available in all states, and even where they are available, there may be a limited budget allocated for them.

Quality Concerns: In some cases, poor-quality solar panels have been installed under the subsidy scheme, leading to dissatisfaction among households.

To address these challenges, the government can take the following steps:

Awareness Campaigns: The government can conduct awareness campaigns to educate people about the subsidies available and their benefits.

Increase Budget Allocation: To make subsidies more accessible, the government can increase its budget allocation for solar panel subsidies.

Strict Quality Standards: The government should ensure that only high-quality solar panels are used under the subsidy scheme to maintain customer satisfaction.

Way Forward

The Indian government’s efforts in promoting solar energy through subsidies for domestic homes have been successful in encouraging the use of clean and renewable energy. These subsidies, along with other initiatives, have made solar panels more accessible and affordable for households, resulting in numerous benefits such as cost reduction, energy savings, and job creation.

However, there are still challenges that need to be addressed for the full potential of solar energy to be realized. With continued efforts and improvements, solar energy has the potential to play a significant role in achieving sustainable living in India. So, it is crucial for individuals and the government alike to continue investing in this alternative source of clean energy for a better and more sustainable future. from https://solarpanellife.com/government-subsidies-for-solar-panels-in-domestic-homes-in-india/

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ariesoftie · 1 month ago

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Government Subsidies for Solar Panels in Domestic Homes in India

The Need for Solar Subsidies in India

https://solarpanellife.com/wp-content/uploads/2024/10/The-Need-for-Solar-Subsidies-in-India-1024x536.png

The Importance of Solar Energy

The importance and benefits of solar energy cannot be overstated. Here are some key points to consider:

Government Subsidies for Solar Panels in India

Under this mission, the government has introduced various policies and incentives to promote the installation of solar panels in domestic households. These include:

Capital subsidy: The Ministry of New and Renewable Energy (MNRE) provides a capital subsidy of 30% for off-grid solar systems and 70% for rooftop solar systems.

Net metering: This allows homeowners to sell excess energy generated by their solar panels back to the grid, leading to savings on electricity bills.

Tax exemption: Solar equipment and systems are exempt from certain taxes, making them more affordable for consumers.

Low-interest loans: The Indian Renewable Energy Development Agency (IREDA) offers low-interest loans for the installation of solar panels in residential buildings.

Group net metering: This allows multiple users within a housing society or residential complex to share the benefits of solar energy.

https://solarpanellife.com/wp-content/uploads/2024/10/Impact-of-Government-Subsidies-1024x536.png