Challenges and Opportunities in Residential Solar Power Subsidies: A Case Study of India

Abstract

This study investigates the opportunities and problems related to solar power subsidies for homes in India. Through an examination of secondary data from official government reports, scholarly research, industry publications, and other reliable sources, the study illustrates how different subsidy programs have evolved and affected the expansion of solar power in the residential market. The usefulness of various subsidies, including feed-in tariffs, tax breaks, and capital cost subsidies, in encouraging the use of solar power is the main topic of this article. Important findings show that installed solar capacity has increased significantly, and solar technology efficiency has improved. However, issues including funding obstacles, delays in subsidy disbursement, and regional differences still exist. The study ends with policy proposals to improve the efficacy of subsidy schemes and hasten India's switch to sustainable energy.