Nitin Kamath: These days, the Government of India is promoting the rooftop solar scheme vigorously. Those who install solar panels on the roof of their houses are also getting subsidy through PM Surya Ghar Yojana (PM Surya Ghar Muft Bijli Yojana). But, Zerodha’s Nithin Kamath has raised many questions on this scheme. He has asked how people living in flats or on rent will take advantage of this scheme even if they want to. At present, there is no solution to this. This is the reason that despite the subsidy, only 10 percent of the houses have been able to install rooftop solar. People want to generate electricity but due to living in apartments, they are not able to fulfill this desire.
Indian startup SundayGrids solved the problem
Nitin Kamat has also told the solution to this problem. He said that an Indian startup SundayGrids has come up with a solution to this problem. These people install solar power plants. Along with this, they are giving people an opportunity to participate in it. With its help, you generate credits. These are used to reduce the electricity bill. In such a situation, you do not need to install solar panels separately. You can generate your own electricity by participating in a solar plant located somewhere far away. SundayGrids has now started working all over India.
Governments are promoting third party solar model- Nitin Kamat
Zerodha CEO Nithin Kamath wrote on social media platform X that along with the central government, many state governments have also started promoting third party solar models. He said that this is a good opportunity for flat dwellers to generate solar energy. Two engineering students have started this Cloud Solar together. Anyone can invest in it.
This startup Sundaygrids is providing the facility of community solar
These solar farms of Sundaygrids are providing the facility of community solar to the people. In such a situation, many people can come together and get solar panels installed at one place instead of the roof of their house. This system has become popular in America. Recently, a proposal for community solar was presented in Delhi. Apart from this, this startup is also working on commercial and industrial buildings. Electricity is generated by installing solar panels on their roofs with people’s money, which is used by the owners of commercial and industrial buildings. But, the revenue generated from this goes to those people who got those solar panels installed with their own money.
Today, if you are interested in installing some solar panels but don’t have the roof space necessary because you live in an apartment or a rented house, there’s no solution. Despite the subsidies, only about 10% of urban households have rooftop solar. That means many people are…
— Nithin Kamath (@Nithin0dha) September 2, 2024
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