When it comes to India, Solar industry may be having its real “Boom” in the government backed tendered projects. But in the private space, things are still not Very promising. Although people are very keen on hearing about this (now not so new) technology, they are still a bit reluctant as to whether or not they want to ultimately invest in it. The main sectors in the Private solar market are Residential (Bunglows, Towers, row houses), Industrial (small to large manufacturing plants or engineering units), Commercial (offices, shops, restaurants, etc.), private educational bodies, private hospitals and community buildings. Below are a few points which a lot many times are the reasons behind companies and individuals rejecting this technology.
- Tried and Tested:
People still lack the confidence for investing in solar rooftop systems. They would rather wait till someone in the vicinity or someone they know has set up the plant and tested its output.
- The prices may fall:
Individuals interested in setting up solar power systems in their premise are doing regular research of the happening in this industry. They are aware about the drastic fall of tariffs for MW scale solar power plants and expect that the same will be replicated in the private industry soon.
- Initial investment:
There is no doubt that the costs for setting up a solar power plant are high. Especially when the complete amount has to be paid by the owner at the start itself.
- Solar should run the whole house:
Many people interested in setting up rooftop solar power system get sceptical when they find out Solar isn’t going to cut down their energy expenses by 100%. This is especially true in case of net metering where many state governments allow only a percentage of actual connected load to be set up for solar power system. Thus, they opt out of the system as it won’t make them energy independent.
- Would like to try out a smaller system first:
Industrial or commercial clients generally have this approach towards solar power plants. They prefer investing first a smaller amount in a smaller system to check its reliability before actually thinking of going for a bigger installation.