Delve into the cost per unit generated by solar modules, crucial for India’s clean energy transition.
The low cost of solar energy is an appealing characteristic. Photovoltaic technology, which harnesses sunlight, is getting more affordable, making it a viable long-term answer for India’s energy demands. Several factors determine the cost per unit of electricity generated by solar modules.
For starters, the installation cost of solar panels and associated infrastructure influences the cost. However, dropping solar panel cost per watt, technological advances, and government subsidies are lowering these initial costs.
Secondly, as compared to traditional power sources, the operational and maintenance costs of solar energy are negligible. This results in lower expenses during the panel’s lifetime, which contributes to a lower cost per unit.
Factors affecting solar module cost are not limited to the initial investment and maintenance costs. Government policies and schemes play a pivotal role. Subsidies, tax benefits, and net metering programs further decrease the cost per unit of solar electricity, making it an economically viable option.
Solar power’s low cost per unit is a beacon of hope in India’s quest for energy sustainability. As technology advances and use increases, the cost per unit will continue to fall, creating a brighter, more affordable energy future for the country.
