As India continues to make headlines for housing a staggering 17 of the 20 most polluted cities in the world, switching to using renewable solar energy as the predominant source of fuel gains more and more prominence. Although electric vehicles are gaining in popularity on Indian roads, it may be a while before this becomes the mainstream practice in the country. The government is working on creating and implementing more sustainable policies that industries will need to adhere to in order to reduce carbon emissions and pollution.
Lower costs as many businesses suffered losses during the pandemic
Adopting cleaner renewable energy like solar has become even more relevant since the Covid-19 pandemic. The long-term costs of energy sources like wind and solar are significantly lower than fossil fuels and could benefit businesses that have suffered losses brought about by the pandemic. India is an extremely price-sensitive region so this is a major factor to keep in mind. What’s more, tariffs have fallen drastically since 2010, so it would make sense for industries to adopt solar energy on a wider scale in a bid to combat the effects of climate change. Although certain factors like a cutback on trade with Chinese factories have driven up the price of solar photovoltaic (PV) modules slightly, this is only temporary and not very likely to last in the long term. In fact, solar still remains the cheaper option for industrial and commercial businesses. What’s more, innovative technology in this regard continues to advance rapidly, signalling a further reduction in costs.
Catering to environmentally conscious customers
Additionally, the conversation around sustainability and renewable energy has extended into the realms of regular consumers today who are much more conscious of the choices they make when it comes to environmental responsibility. More and more consumers are leaning towards brands and businesses that adopt renewable energy and cleaner environmental practices. Even at home, many people are looking to install solar panels on their rooftops for greater financial savings in the long term, as well as having the satisfaction of making a more responsible choice.
Creation of jobs
The creation of employment opportunities is another key factor for corporations and the government to consider switching to solar energy as a prevalent practice. The growth of the solar energy sector has provided a minimum of 50 jobs per 1 to 2 MW of solar installations.
Climate change crisis and the need for renewable energy
As the climate change crisis takes a bigger toll internationally, there is pressure on all countries to make greater efforts to reduce their carbon emissions to protect the environment for future generations. The government is looking for ways to incentivize the adoption of solar energy, which means that there is likely to be a further decrease in costs and an increase in financial and social benefits for both consumers and businesses. This is also resulting in more awareness of the topic, with more parties willing to conserve the planet and contribute to a greener future. Indeed, switching to solar energy is an easy way to do this.
VEMC is a well-established solar power plant company and a pioneer in the field of electromechanical engineering products, allied equipment, and services. VEMCO Solar is among the top solar companies in Mumbai and a market leader in solar solutions — be it solar plant erection, procurement, commissioning, net metering, or electrical connections. If you have any requirements in this space, please reach out to us at 022-43436655 or marketing@vemc.co.in, and we will be happy to provide you with customized support and services.