A solar rooftop system transforms sunlight into usable electricity through solar panels installed on the roof of any residential or commercial property. These devices may either be connected to the local utility grid or to battery-storage (off-grid). Solar rooftop panels allow safe and noiseless electricity production that makes them extremely advantageous.
According to Research and Markets, India’s solar roof market is projected to rise at a CAGR of more than 25% by the year 2020-2025. MNRE has established an infrastructure to complete 100 GW of solar power capacity via the grid, out of which 40 GW is being targeted to achieve through rooftop installation by 2022.
The cost-efficiency, affordable technology and the increasing number of EPC players in the marketplace add to the expansion and adoption. Furthermore, environmental issues, Government subsidies/policies, tax benefits, continued investment in renewable energy, competitive prices and the expensive costs involved in grid expansion drive the market growth of solar panels.
Solar technology has been around for a long time but it has only been in the last couple of years that roofing materials have really gotten much more advanced and affordable enough to be used by anyone on a budget as a way to provide electricity to the residential and commercial sites. This is just one of the reasons that the solar roofing industry is starting to really take off like wildfire.
Due to aspects such as very high central power grid rates, the industrial and commercial sector is expected to be the largest consumers of solar rooftop systems. the share of the solar rooftops has grown manifold from just 32% in 2015 to 63% in 2019. As per recent data, the installed rooftop solar output expanded from a total of 623 MW in 2015 to 5440 MW in 2019.
Commercial and industrial sectors are displaying an enormous interest in the production of distributed solar energy because of multiple economic advantages and constant energy sources to mitigate inactivity and harm to equipment as the voltage of the traditional grids fluctuates. This reason has presented a big opportunity for solar and accelerated its adoption.
However, the entire concentration on getting big is powered by anticipated savings on costs through heavy production and thus lower costs per unit of electricity. Simply put, this would have made us cultivate one of the largest and perhaps most obsolete solar power networks. For example, we are utilizing polycrystalline solar, even when the rest of the world is adapting much-advanced technology such as twin-cell, mono perc and more.
On the contrary, a rooftop solar system is altogether an uncharted territory with entirely diverse needs. Whether it is about a comparison with the high-priced grid power or restricting space capacity. Be its status as a primary or additional source of energy or the owner’s investment in the plant, only thinking short-term might have a catastrophic impact on your investment in future. There are some theories why you should give first consideration to the module technology when it comes to your rooftop installation needs.
It is not curtailed with price ceilings
Although most of the residential sector is under a regulated pricing regimen because of its liaison with the essential subsidies and state agencies that sanction suppliers, a significant component but the commercial and industrial sector is free from such controls. Today’s decisions are taken based on the cold figures, while solar generation continues to regularly win the market, due to no part to very higher grid rates for these consumers.
Through competitive prices and models, such as OPEX, it is a priority of EPC companies to make quality a decisive player In terms of solar panels and that has been indicated in the results.
It can boost domestic upgrades
If we take an example of electric vehicles, in phase 2 of FAME guidelines, the greater emphasis in subsidies is placed towards lithium-ion batteries from regular lead-acid batteries to enhance adoption in the marketplace. The same can be done for rooftop solar subsidies should motivate customers to leverage on new technology, from polycrystalline to advanced module technologies. If any of this implies having to stop cheaper rates, then also it is an advantageous investment for long term sustainable energy generation during the service period of solar power plants.
More significantly, this will provide domestic players a wider target market, and thus invest in a new prototype for themselves. This will also indicate that we match the rest of the world where the residential and commercial division has already incorporated the modern techniques, such as the bifacial systems, monocrystalline multi-busbar and PERC technology.
The 25-year warranty promise should deliver real value to investors
In even the most developed marketplace, the value of real estate is anticipated to be upgraded by the installation of solar rooftop. Investors in India ought to consider it as an appreciating asset, which really has the potential to yield higher rewards year over year providing the escalating trajectories of commercial grid power rates.
Performance degradation (LID, PID and more) in rooftop installations have periodically overwhelmed utility-scale power plants for factors similar to subpar design, inefficient component performance and installation. Research suggests that there is a humongous gap in the installation quality, which needs to be lifted from the minds of consumers.
Focus more on performance in different climatic conditions
Present producers of components have skillfully pivoted the debate around WP, where higher is always associated with better. Meaning, the dialogue should flow from the buzzwords, such as module’s Wattpeak (WP). What really counts is the performance of modules in tangible conditions – extreme heat, snow, heavy rain etc, supported by real ground information like power ratio (PR) and energy density.
Instead of regular forced upgrades concentrate more on a system that is future-ready
For a long term solar investment, it is imperative to choose a technology and installation standards that can deliver and stand the test of time. EPC players like Novergy offer unprecedented end-to-end service to clients with more than 14 years proven experience in the field. Its solar solutions deliver a supreme level of mechanical features supported by a real record on the ground which displays its commitment to the market.
Way forward with Novergy
A professional EPC company like Novergy carefully inspects the site to assess the right orientation so that solar panels remain in good operating condition for a longer period of time. There are myriad benefits to having your solar panels professionally installed. It keeps them safe from damage, which could lead to damage to your property or even loss of life.
We, at Novergy, employ advanced technology in our solar solutions and OPEX models to ensure hassle-free clean energy generation. Being an integrated player, we take design, engineering, manufacturing, supply, installation and commissioning very seriously delivering a superior customer experience. Our detailed orientation is also reflected in project execution and exceptional performance record.
Our solutions do not depreciate much over time, and even when left unused, they continue to pay for themselves. They have undergone stringent quality checks and manufacturing standards to ensure lower degradation rates, higher performance and reliable quality. To know more about our products and services, contact us!