The potential of local hands for the solar industry matters a lot. The economy returns and the number of job opportunities are going to happen when the local hands enter into the industry and starts Solar Power Companies in India. This results in the expansion of energy system across the nation. It serves as a resource of energy and makes independent from the electric utilities.
There are some barriers for the renewable industry and that include:
- The market share will lose as the electricity grid has been centralized.
- The security and exchange commission rules will affect the investment on the project. As a result, there will be rise in the per capita for a locally owned renewable project.
- For the payments and recovering of initial investment is complicated as the revenue flow for the solar projects may come from more sources and it is a challenge.
- The ownership for nonprofits or for cooperatives may face a legal problem that may be they are ineligible for tax incentives.
- There are some technical and economic barriers for the development of locally owned solar company.
To increase the potential of locally owned solar companies the government need to support the industry by initiating the friendly policies. This will help to grow the solar market in India and stand as one of the major industry that brings huge economic returns.
Dr. Solar is one of the best Solar Power Companies in India, which is making huge impact in the renewable industry. The company brings the revolution in the solar engineering. It creates job opportunities for locals and it is stabilizing the economy as the demand for the alternative energy like renewable energy is growing.
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