The stance on solar installation and privatisation has been subjective to debate since “Infinite Reusable Energy Sources” garnered our much due scrutiny and in defiance of cases presented that have depicted both; benefits and drawbacks of Solar Investment as a private home asset, the former remains a matter of speculation well into the second decade of innovating twenty-first century.
To advocate any side of argument it’s imperative to establish a rudimentary understanding of unbounded Solar Energy and the implications of machinery installations it may present as a Goliath investiture.
Indian sub-continent has the natural precedence of geographical alignment at the tropical latitude which guarantees the certitude of 300 sunlight daytime out of a year whence the sharp sun beam falls directly over the land and the amount of Tera and Peta joules that can be derived and made useful out of harnessing the sweltering reservoir is fathomless.
Tapping into Solar Energy and related equipment installation can make for a lucrative and long-lasting investment yet it’s with misgivings that capitalists regard this proposition even in 2K18, wherein the perks of Solar power aren’t missed onto the first world countries who are taking a vociferous plunge into the matter. The exhaustible nature of coal and fossils is a global concern which they acutely address and realise the foreseeable threat of functional blackout if draconian measures aren’t embraced for the quests of a suitable alternative source.
Dearth of awareness and stringent steps taken by the authorities to preclude this amateurishness has attributed to the lag behind of India on the Solar power front. Our investors exhibit a laid back approach and procrastinate the cause because no immediate returns are envisioned on the horizon. The boon of Solar power is a circumstance of delayed gratification and it would run the course of some years before the benefits could be reaped to max potential. Notwithstanding Solar would be the revolution of millennia if we can bring ourselves to educate purposefully on the scheme and evolve our mindset to look beyond the concept of instant returns.
In alignment with government pilot projects, and yet in beta testing stages some premises have undergone Solar equipment installation and are empowered by Solar energy. Albeit narrow in figures it’s still a step forward for the advent of Solar revolution. I can vouch that solar is a golden investment both in terms of long term benefits and conversation of finite resources. If we can wisely harness and channelise solar energy than we can put it to a great many use of lighting up entire cities at relatively low maintenance cost. We can contribute our part in environment conservation. The benefits are limitless yet they don’t come without implications.
Masses and stakeholders alike also refrain from dabbling into the cause because Solar can run into a mammoth billion dollar investment. The initial phase of procuring the device apparatus and its installation can cost between Rs 50000 to 1 lakh. We are not talking one house or a neighbourhood here. We are talking entire cities and town and hundred more of them. Aside from initial their maintenance needs further overhead cost and the solar cells used in grids (Monocrystalline and Polycrystalline) need replacing in every 5-7 years. They bear a sizeable overhead cost. Albeit it’s a solid full proof investment and the bearer has to incur a one time, aside from maintenance. Post the conclude of solar installation, the equipment life stretches for a grand 20-25 years depending on individual’s maintenance and handling of the apparatus. In the course of 25 years, 1 lakh plus some overhead can be deemed as a rewarding investment and not to overlook considerable liquid capital will be spared from exorbitant electricity bills. The surplus can be transacted and traded to other organisations on the basis of market electricity piece, a practise that many home investors already indulge in developed countries.