Head, Department of Commerce & Coordinator, Extra Mural Courses, Mahatma Gandhi University, Nalgonda
Online published on 12 July, 2019.
Amongst new Renewable energy sources, Solar energy is gaining importance. The United Nations Development Programme in its 2000 World Energy Assessment found that the annual potential of solar energy was 1,575–49,837 exajoules (EJ). This is several times larger than the total world energy consumption, which was 559.8 EJ in 2012. In India, Solar Power Industry is fast-growing. India offers a big opportunity for solar energy. Its 750GW potential is driven by roughly 300 sunny days a year, with an average solar radiation range of 4–7 kilowatt-hours per square metre. Despite this, and attractive fiscal incentives, households haven't exactly taken to solar power. Hence there is a need to analyse Financial Viability of Solar Project for the Domestic Use.
