Renewable energy has gained importance as a technology of choice in the recent past. It is now capable of being the new power generation capacity worldwide. While in India, it has gained the country, the recent status of the lowest-cost producer of solar power. Further, this reflects an ongoing shift towards renewable power as the primary driver of global energy transformation. Realizing the potential of this fast-developing industry, the Government of India has set an initial target of 20 GW capacity by 2022. Manufacturers and service providers of solar panel in Nagpur have contributed their best to help India achieve this target four years ahead of its schedule.

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Over the years, from 2014 to 2018, India has expanded its solar-generation capacity eight times. In terms of figures, it has increased from 2650 MW in 2014 to 20GW in 2018. Consequently, solar panel manufacturers and dealers in Nagpur and other parts of India have reduced their costs of setting up solar power projects by 80 per cent. Thus, this falling cost of renewable technology by solar installation companies in Nagpur makes it a compelling business case. For this reason, this technology has gained popularity in the Indian cities of Nagpur, Akola, Amravati, Wardha, Chandrapur, Bhandara, and Gondia where it is deemed to be the key to future energy decarbonization.

Solar Junction is a leading solar panel manufacturing company in Nagpur that has realized that it is cheaper to develop and operate solar farms than to run coal-fired plants. With the same token, renewable energy also has some significant environmental benefits to offer. This form of energy is the single biggest driver to help India meet carbon emission reduction targets set under the Paris Agreement.

Since India is a growing economy, power consumption is going to rise forever. Adoption of alternative forms of energy at all levels is an ideal way to manage the balance between economic development and sustainable environment. This balance symbolizes that there is a need to install solar panels even at household levels. Moreover, the reduced solar panel cost Nagpur has made this even more worth it. A typical 5KW solar system for home in Nagpur shall be able to produce sufficient to power the household. However, there may not be enough roof space for a system of that size. Thus, the solar panels for households are designed with a dimension of 1.70m x 1.00 m. The overall sizing shall depend upon the load requirement of the household. Most solar companies in Nagpur suggest that low wattage appliances can be operated well by solar systems. At the same time, high wattage appliances cannot be operated using solar PV system.

At present, the Indian solar power consumers enjoy better energy security by locking their investment in solar electricity for 25 years and thereby hedging against the variations in the electricity grid prices. India is the cheapest producer of solar energy, is not merely a coincidence, but, a success story of effective public, private partnerships by solar panel plant in Nagpur.

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