India Has Cheapest Solar Power In The World: Why Won't More Indians Switch To Solar? | Money Mind
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- Опубліковано 9 лип 2024
- India now produces the cheapest solar power in the world. So why aren’t more Indian consumers making the switch to this green energy?
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The simple answer is lack of awareness of this fact that solar energy is so cheap.
Nope the initial investment cost is so high that's why people don't go for it.
Nice Name Bro😂
Coal is cheaper
@@surfspark no its not that much high after subsidies
No. Its not cheap.
India does not have the cheapest solar energy in the world. The upfront costs are high.
Are the upfront costs more than elsewhere?
The upfront costs may not be higher than other countries. But most Indians cannot afford to pay up the upfront costs.
Govt provides subsidies and tax rebates in income tax plus it is beneficial in the log run
It is still the cheapest in comparison, and India also has one of the lowest electricity costs in the world.
Yes, China PVs banned & have tariffs + Just like telecom, costs by Indian solar manufacturing costs is pushed on to the customers. Rich + upper middle classes must absorb the upfront costs for few years. Once it's scaled, only then mid-lvl middle classes will transition for their self use to get 2KW solar panel installed, extendable in future..
I live in India. Just a week ago, we setup 3kw solar system costing us INR 1,10,000 that is after substracting INR 78k subsidy. All the energy goes to grid. We have to pay energy company if we use more energy from grid than we produce. If my plant produces more than I utilize then they dont pay me back anything.
is it a private company which you sell the electricity to or government?
@@beyonder7817 government
@@beyonder7817directly to grid. So, It is to Indian govt
@@poohthegreatslayer what is your opinion about this business? Is it profitable or no?
@@beyonder7817 for company it is profitable but it should be properly advertised. I saw some companies approaching UA-camrs and they had installed it. They were satisfied which gave them promotion. Also customers can get free electricity for 20 years (provided that you have enough money to buy solar panel according to your usage)
the problem is providers do not make energy cheap on purpose for corruption. Here in Australia our solar upfront cost for the consumer but the energy companies which got privatized owns the electricity that YOUR solar grid produces and dictates that price. At the start the price created saving difference now with the upfront cost of installation, and their prices of YOUR electricity cost of YOUR electricity makes it so that it pays back after 50 years of installation. Corruption due to greed is our problem with the climate not solutions, we have plenty of them.
You could keep your solar off grid and bypass the companies. Only draw when you need it from the grid. Will that be economically?
7 Rupees is Not 7 U.S Cents
7 Rupees is 8.5 U.S Cents
.084 dollar
@@hritik25m19 Same thing
8.5 Cents is 0.085 Dollars
The best thing to invest into right now is any AC company that is selling in India, be that an Indian company or a foreign company. A Japanese AC company (i forgot which one) recently got skyrocketing demand and so little supply that they already planned and started buying land in some states to manufacture them in India itself. Of course, all this is due to global warming. But mark my words, whichever company is selling ACs in India (an untapped AC market with 1.4 billion people customer base) will shoot up in their value and stocks.
Not enough toilets in India and do you think that air-conditioner is more important than toilet to an Indian?
@@rogerfaint499
Why don't you come to India and open your mouth? Since its the biggest toilet around, it will help people without toilets.
ok bot
Looks like indian built toilet in your brain@@rogerfaint499
Indians can't even make or be competitive in making basic ACs. A weak collection of hundreds of people making up, primarily by the Brits, a so-called nation that just keeps on talking and talking.
In Pakistan, 10kw Ongrid System will cost about 3-4000 $ only. 10kw Is enough for Middle class family homes. With A payback of 2-3 years on 2-3k $ and getting free for rest of life.
Which company you are using for solar in Pakistan?
I need reviews as I'm on the way for solar soon.
Bullshit story. 3000$ means 5lakh rupees in Pakistan. This rich + UPPER middle class can afford only. This elite class doesn't pay taxes of their share. Your bill is trnsfrd on to the poor and lower middle classes. + Don't talk nonsense 10KW @3k $, when Pakistan can't skare to make basic production - All is Chinese Import!! 😂😂
4000K USD is seeming cheap to u 😅... It's 1.1 million in Pakistani rupees...
And U don't need 10KW solar for a middle class family... 5KW will be more than enough..
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Excuse me for real?,how is that
possible I have struggling
financially, how was that possible?
Thanks to Elizabeth Marie Hawley.
Though I started with as low as $15,000 actually because it was my first time and it was successful, She's is a great personality in the states
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Indians can't afford even 2KW of solar which costs 1250$ & after subsidy 500$. This 2KW can only assist existing Grid supply which at oeak in summer gives only 20hrs-22hrs supply only, and some days are below 20hrs due to power outages.(North India)
- This 2KW can be installed only by Officers lvl families wirth earning easily + Mid- Middke classes at max in some numbers, not all even at the mid lvl.
- This Rich family installed 10KW, at least all rich can do this + upper middle classes too can manage 3-5 GW.
- University & Govt buildings are under intense installation processes now. Many other farmers, individuals have also pioneered it as business activity theu the grid.
It's ₹ 66,000 with subsidy for 3kw system.
Around 800 dollars.
Monthly electricity generated will be more than enough for Middle class Indians.
I too have a 5 kilowatt of solar system , run my house with it, charge my Electric Vehicle and my 2 wheeler scooter with solar.. ...the only downside is the battery or the lead acid battery. If lithium iron phosphate is available cost wise as in China, then solar will really take of.
China 🇨🇳 accounted for 2/3 of new global coal plant capacity in 2023.
- China built 70 GW of new coal-power capacity last year, almost 20 times the rest of the world's 3.7 GW combined.
This information that is often overlooked with China’s significant annual renewable portfolio.
Govt provides subsidies and tax rebates in income tax plus it is beneficial in the log run
There is need to divert govt subsidy from free electrcty to free solar instalation
Wow it shloud make sense, hottest time need more ac electricity that alsi most available on hottest time... full circle😊😅
It's not cheap to install a setup for 3-4 person's usage you need an amount equivalent of yearly salary of top 5% of Indians.
Incorrect. Govt pays 78K
U are completely wrong...
Top 5% Indians can afford a car ... they can afford Solar .. if they want
Both average and median income of an average Indian is severely undercalculated. 95% of the people do not report their real income and there are no formal reporting methods that captures their income.
1:20 paid 150$ per month in electric bill 150$=12523 ruppee divide by 7ruppee per kw
=1789 KW divide by 30 day =59.9 KW per day..... that seen access for any house hold to use 59kw per day....
math dont add up
Yes. Wrong maths
2 AC 1.5 tons use around 3 KW per hour so running them for 20 hrs is already 60 KW a day. We do not even know what all they are running.
@@jec_ecart what part is wrong...correct me?
@@provocateur-in-chief standard housed
even in US dont use 60kw a day
@@jetli740 A large house in texas uses 1675 kwh on average.
The next big revolution in India is "Mobile Homes with Self Sufficiency" , since real estate prices are becoming more and more expensive.
It simply doesn't make sense to invest in solar, when the cost of electricity is much less. It would take atleast 10 to 15 years for the return on investment, atleast for my home.
Not every part of India pays a bill of 150$ every month. I pay 0 due to Govt subsidy in Bengaluru. No incentive for me to shift to Solar.
Temporary
Govt giving subsidy 5k wat for 90000 rupees
Schemes after schemes. But no service in areas where it is needed. Subsidy is only for on-orid where grid goes off for half a day or days.
Price went up instead of going down with subsidy.
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I think they said cheapest because the sun shines on india longest hours in a dayas compared to other countries
Wow, 2 year ROI. If you can afford it, it’s easy money.
India need more education about financing things than solar. Most Americans don't buy their Solar Roof Top in Full Payment , If you're able to recuperate the cost in just 20 months then it should justify taking a loan . You are not only saving money on energy but also fighting Price Inflation by owning your own energy source
3000 dollar equals 2.5 lac rs that is more than per capita income of avg indian
Video lacks proper explanation with regarding to price, upfront cost & subsidy pricing. People can't go with 1kw as vendor decline installation of 1kw. 3kw is common and costs 1.1 to 1.3 Lacs after subsidy. 78k subsidy is available for lower level group but there electricity consumption is not around 300-400 units, so why will they go with 3kw?
How long the inverter battery last
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AWARENESS AND GOVERNMENT FINANCE INCENTIVES
three-word answer: Purchasing Power Parity
Its that simple
Great
bcoz in tier 3 cities and rural areas people do electricity theft 😜 i am the only dumb person in my whole colony who installed 10kw solar panel. otherwise everyone is simply stealing electricity 😜
150*84= 12,600 monthly electricity bill
We don't need solar ours is 1000 rs 😂😂
Everything is cheaper in india if you earn in $$
Import everything from India
So that per capita income increase and they are able to transition to solar.
Especially when everyone wants air con😅
I am lazy man .. and i am not interested this maintenance..cleanings always solar plate dust is bad idea..need no / zero maintenance solar palte
95% Indian households don't have Air Conditioners, so why would they need solar panels ??
Besides, for jobless people having solar are not their dreams, but getting government jobs are. Right ??
Its china who had cheapest solar panal that's why indian companies ate buying chinese solar panels.... And indian solar panel companies asking indian government to put lot of tariff(tax) on import of chinese solar panels
Cheap = good? Life span 20 years
A yogi lives for 100 yrs! Until the plague and SDs arrived Indians were good.
In a democracy, the citizen is the smartest people. That is why they do not have to obey and comply with the government. The are smart enough to choose non-solar energy.
But they have to obey the caste system and caste system dictates that no toilet allowed and the untouchables are designated to clear human wastes . . .
Nonsense@@rogerfaint499
@@rogerfaint499 pull your tongue and eyes out.
Don't speak about things that you don't have any knowledge about.
@@rogerfaint499And in Europe Christian system dictates to burn any woman who can do math after accusing her of being a witch.
See, two can play the game.
@@rogerfaint499 How many people did u guys killed over the millenia for ur religion 😅 maybe millions at a time...
And why don't u say about sect system in ur religion... Catholic, protestant, Baptist, orthodox, evangelical and other bs 😅
Wumaos coping and seething in the comment section.
China sell cheap solar power , western and USA say overcapacity and destroy the worker high salary.
Your India PM Modi government dancing with USA and western ally against China don't even care about India citizens suffering and costing.
What do thinking, India normal working class population about Ur Modi decision to against China?
I are you an idiot why would india side with china. When china keep saying parts of india belong them. That is the reason india and china have bad relations. There soldiers keep crossing borderlines as if their father owns them or somethin. Ofc india in this case will side with us and the west
@@thakuromkarsingh2096then why indian government allowing Chinese technicians into India under PLI scheme. By easing their visas.
Perhaps you shouldn't comment when you don't have the guts to reply.
China has acquired Indian land illegally and is adamant in showing aggression over the indo-china border. Hence, India is not left with any choice but to go for the western allies. Even the common people of India hate china for this.
Even the relations have to be normalized, it is the duty of the Chinese govt to pull back its army and restore ties with India.
I am sure you won't have any reply to my rational. Hence, in future try to avoid commenting when you don't have the guts to reply or don't know the reality.
@@akshitraj1019 who's destroy Sikkim kingdom? Tibet under China ruling from ancient till today . India before British colonize , many kingdom after invasion and colonize become one India .
Current India border draw by British empire objected by China government but that time they weak cannot do anything . Then India independent follow British empire way claiming border Tibet under India and let free Tibet nobilities landlords to be terrorist organisation.
China rejuvenation the border to lift citizens out of poverty and developing that areas building thousands houses and infrastructure with modern technology and living environment.
Today's Tibetan citizens already speak up don't interfere their life living happily and prosperous .
Why India still anxious and jealous China lifting poverty and building infrastructure inside Tibet border 70 km from India ?
Why can't I India lifting poverty in border and population are hungers and poor with no education, stealing land can make India a modernization country ?
Now India 1.4 billion population, 80 % received hand out grain from government
Which are poor and hungers, still want to snatch land and let the population died of hungers and poor ? This is the Hinduism belief caste system they are all low caste citizens?
Why India intellectual and intelligent group always criticize, lies and tarnish China but didn't look back see their backyard countrymen suffering .
Million living in slum, starvation, low literacy without education , those India intellectual group where are you never push for reform and help them, finding a solution with government or organisation but they only know how to boasting and criticize others countries including China.
What a shameful intellectual and government letting those low caste poor citizens to fend themself as beggars
Really ?
Another BS.
whats bs abt this?
Please debunk this bs in detail and enlighten all of us.
@@srinidhikarthikbs981 he is a commie bot