Installation of Solar Rooftop : A Viability and an Empirical Study

Abstract

With conventional energy sources being limited in their availability, the search for alternativerenewable energy sources is inevitable. Solar energy is one of the mostpromising sources of renewable energy (RE). It is widely abundant and producesless. greenhouse gas emissions relative to energy sources from fossil
fuel.India is both, densely populated and has high solar insolation, providing an ideal combination for solar power generation. This research is an attempt to  understand the financial viability in terms of cost savings for solar rooftop system for the residents of Ahmedabad and Gandhinagar city, Gujarat. In addition to that, the willingness and perceptions of the respondents were analysed to shed the light on the potential of adoption for such system. The findings suggested that respondents were willing to install the solar rooftop. The purchase of solar rooftop was backed by at least 40% subsidy. The recovery of investments was at most 3 years. Net present value of the project was also positive.