The success of a scheme like PM Surya Ghar is incredible. Crossing over 1 crore registrations, as we have reported, is a massive achievement for any public policy. Government subsidies are essential; they reduce the “sticker shock” of solar and encourage homeowners to take that first big step. But we are making a fundamental mistake if we believe that subsidies alone will guarantee a long-term, self-sustaining rooftop solar revolution.
My opinion, based on years of analyzing global electricity markets, is clear: to ensure millions of successful rooftop installations that last for 25 years, we must urgently address the challenges that come after the initial financial incentive is given.