Luminous Power Technologies has released a survey titled ‘Solar Spectrum of New India’ which reveals significant challenges and perception gap regarding the accessibility of solar energy solutions among different demographics in India.
The study showcases awareness of alternatives to traditional energy sources is on the rise among Indians. As much as 97% respondents in India do not have solar rooftop system installed in their homes. In terms of accessibility, the survey reveals that 28% of baby boomers (age 58-76) consider solar energy solutions inaccessible, while millennials report the least difficulty, with only 21% expressing concerns. Gen X and Gen Z follow closely, with 23% and 25% respectively indicating inaccessibility.
Most of the respondents agreed that the shortage of specialised skills and skilled labour is a major roadblock for a seamless transition to solar solutions. 90% of respondents both males and females stated the installation of solar solutions such as rooftop panels need specialised skills. Additionally, 57% women and 41% men state that skilled labor is not available in their area for implementing solar energy solutions.
This indicates a need for industry stakeholders to take the lead in driving awareness for career-building opportunities in the solar power sector.
On the front of cost implication, the research highlighted some insightful findings revealing that the perception around high installation costs associated with adoption of rooftop solar remain a significant barrier to its seamless adoption. 92% of Gen Z, 92% of Gen X & 92% millennials perceive the cost of implementing solar power solutions is expensive compared to traditional energy sources. Notably, 41% of non-solar rooftop-owning millennials are aware of the solar financing options, compared to 38% Gen X. Additionally, 84% of millennial solar rooftop owners received financing and insurance options, contrasting with 58% Gen X.
A detailed analysis on the cost analysis further noted that men’s perception of both short-term and long-term costs is markedly higher than that of women. 61% of men believe that solar energy involves high initial installation costs, compared to 51% of women.
The full survey can be read Solar Spectrum Report_2024
