Solar energy has become one of the essential energy sources when the world is battling against the overburdening energy crisis. Solar power has proven to be a key to a clean energy future.
Every day, the sun gives off greater amounts of energy than we need to power everything on earth. As a result, the interest has shifted to investing in solar plants.
Solar energy refers to the energy, which is derived from sunlight. The energy provided by the sun that reaches the earth is enough to drive all the work on the planet. According to the US Department of Energy, 173,000 terawatts of solar energy strike the earth daily, which comprises 10000 times the energy used by the world.
The sun is a free, sustainable, and clean resource that people can leverage in place of conventional electricity to power up their lives. It can be used to provide heat, light, and other electricity-dependent needs in homes and buildings.
There are many reasons why many homeowners and businesses are shifting to solar power. The benefits can not be denied and it is not limited to a few individuals but the environment as well.
Some of the major reasons for the growing use of solar power include:
- It is good for the environment: The difference between solar energy and conventional energy is that solar energy is not dependent on the utilization of fossil fuels, it does not contaminate air or water, and addition, does not contribute to global warming.
The following reasons make it the preferential option for many people. Solar energy relies on the earth’s natural resources whereas conventional resources deplete or harm them.
- It is a reliable, cost-effective energy source:
The sun is a renewable energy source. Fossil fuels will eventually be depleted but sunlight won’t.
This is the main reason why solar energy is highly reliable. The extraction of fossil fuels is expensive but utilizing sunlight does not require any additional expenditure.
A one-time installation of solar equipment is all that is needed to harvest the benefits.
- Solar energy saves money in the long run:
It is evident how the rising fossil prices have resulted in inflation. The cost of installing solar panels or a solar electric system has decreased significantly in recent years.
Some may find investing in solar energy in the initial stages to be threatening. But, the important point is to remember that installation is a one-time process. Paying for conventional electricity is a frequent, ongoing process and especially an expensive obligation.
Moreover, the electricity rates would continue to rise in the next years. Investing in running the homes or building off of solar energy will save the users more money over time.
- It creates jobs and enhances economic growth:
The solar energy industry creates more jobs in comparison to other job sectors. According to a recent survey by the National Solar Jobs Census report by the Solar Foundation, it was found that solar energy adds jobs 17 times faster than the overall US economy.
According to the reports, there were approximately 250,000 solar energy workers worldwide.
- Solar energy aims to promote energy independence: Energy independence refers to not having to rely on the power grid. Energy dependence makes one vulnerable to price spikes, but it is also prone to outages. It may give rise to issues when there are no alternative methods of powering the homes. It could be a major issue in case of bad weather conditions or damage to power lines.
When solar energy is paired with a backup battery system, it allows the users to not be tied to unreliable power grids when they need the energy most.
How to choose the right solar power company?
Choosing the right solar power company can prove to be difficult. Several companies deal with installation, marketing, sales, and financing options.
Many solar companies do not provide any incentives which means that they cost more.
Solar energy resembles other sources of energy. Hence, it is important to choose the right solar power company.
For that, the user needs to know how big the system needs to be: The larger the system is, the more it will cost and the longer it will take for the system to operate.
It depends on the roof and location. Installation on an angled roof will be easier.
The right company should also look at the budget. One must find a company that can help them to pay off the system in time so that he or she can get all the energy savings back in the form of low monthly bills.
One must make sure that the company has good customer service: One must look for customer reviews and should check the warranties of the company to find out how long will it take for the installation process or if they will receive the money if the panels do not produce sufficient energy.
Reviews are a perfect way to get information about the company’s warrants and its products. If a company has a good reputation, one can feel confident about the purchase he makes.
One should ask for financial options. Companies usually tend to offer financing to help pay off their system faster customers. The user can negotiate a lower interest rate or even a pay-down-the-system over a few months of installation plan.
It would be easier for the customer to trust a solar power company that has many financial options.
The customers must take a look at how long the solar panel would last. Solar panels generally have a longer period of more than 25 years, but the users need to determine if the company would still be around for the next 10 to 15 years for the maintenance of the panels.
High-quality solar panels have the chance to last more than twenty-five years, but it is difficult for the company to ensure that they would remain in the business.
One should always get a copy of the solar contract. The consumers must do so that they can identify if there are any hidden costs.
One must be aware of the rebates. Some companies offer the rebate option that allows the consumers to pay off the system costs faster.
They typically require if one can afford to pay the bill or if the user is willing to put 20 percent of the total costs. It means that the user could end up giving 1000 USD to pay it for three years instead of 5 to 6 years.
Top 10 Solar Power Companies in India in 2023:
- Tata Power:
Tata Power Company Limited is an Indian electric utility company that is situated in Mumbai, Maharashtra. The subsidiary is part of the Tata Group. The main objective of the company is to generate, transmit and distribute electricity.
The solar power company has an installed electricity generation capacity of 10,577 MW, and it is India’s largest integrated power company.
In addition, it is the first Indian company to ship over 1 GW of solar modules.
The future project of the company is the expansion of the generation capacity of the Mundra power plant to 5600 MW and joining hands with Powergrid Corporation of India for the 1200 km Tata transmission project, which is India’s first transmission project executed with private-public partnership financing.
One of the biggest milestones that have been achieved by the solar company is that India’s largest solar EPC order was bagged by Tata Power Solar.
The mission of the company is to contribute to India’s sustainability goals by adding one of the biggest solar EPC projects that comprise innovative use of made-in-India cells and modules.
The program aims to cover more than 5000 acres of land in Rajasthan and is expected to generate around 2500 million units regularly.
2. Vikram Solar:
Vikram Solar Limited is an Indian solar company that is situated in Kolkata. It is the largest solar module manufacturer in India based on its capacity and produces 2.5 GW annually. In addition, it is the second-largest solar power company based on its revenue.
The company’s core operation is the manufacture of solar PV modules and conducts engineering, procurement, and construction services and operations and maintenance of solar power plants.
The solar power company was founded in 2006 by Gyanesh Chaudhary.
The company has a presence in more than 32 countries and has commissioned around 300 projects.
The company is India’s largest module manufacturer in terms of its operational capacity with 2.5 GW of installed manufacturing capacity for solar PV modules, producing mono PERC, bifacial and mono facial, and smart and polycrystalline PV modules across their factories.
Vikram Solar has been included in the list of largest capacities in the Ministry of New and Renewable Energy’s Approved List of Module Manufacturers.
The company provides services on the utility-scale, commercial and industrial as well as residential scale.
3. Loom Solar:
Loom Solar is a start-up and manufacturer of solar panels and lithium batteries, which is situated in Faridabad, Haryana.
The company is a recognized start-up by the Government of India. It operates in 500 districts across India having 3500 resellers, 100 employees, two offices, and one manufacturing unit.
The solar power company was founded in 2018. Within a short span, the start-up has become renowned and has bagged many reputable awards. Currently, the company is even a manufacturer of lithium batteries.
The company offers a wide range of solar panels, lithium batteries, solar inverters, solar wires, solar panel stands, solar charge controllers, and many others.
The company provides free shipping of the products across India and has multiple payment options such as an Easy EMI or loans.
4. Waaree Aditya Series:
Waaree Energies Ltd. is a flagship company of the Waaree group that was founded in 1989, and its headquarters are situated in Mumbai, India.
It is India’s largest Solar PV module manufacturing capacity of 2 GW, which is situated in Surat Umbergaon in Gujarat.
Waaree Energies is a crucial player in India in providing EPC series, project development, rooftop solutions, and solar water pumps. The company has emerged as an independent solar power producer.
Waaree has a presence in more than 350 locations nationally and around 68 countries internationally.
The company enables the delivery of high-quality affordable solar products to customers, avant-garde automated production facility offers mono and polycrystalline PV modules ranging from 3 Wp to 450 Wp for various on-grid and off-grid manufacturing processes across India and exported globally.
5. Jakson Group:
Jakson group was established in 1947 as an electric trading firm and currently, it is a diversifying energy and infrastructure company having leadership in distributed energy, solar solutions, and electrical EPC Solutions.
The solar power company is situated in Noida, Uttar Pradesh, and has four states of the art manufacturing facilities for manufacturing Generating Sets, solar modules, and battery energy storage systems.
The company has dominated the solar power sector in the SAARC, Middle East, and African regions.
The distributed energy business offers products and solutions in the form of diesel generator sets and solar PV modules, Gas Generators, Solar Roof Top Systems, Battery Energy Storage Systems, Special application generating sets for the Defence sector, hybrid solutions, and microgrids.
The business consists of a fully automatic solar manufacturing plant that can manufacture highly efficient and high-power density solar modules, which have a 1 GW capacity.
The solar company deals with delivering projects related to sub-station, transmission, distribution, rural electrification, and many others.
Jakson Group has worked for the Indian railways on the design of the first solar-powered train and rooftop solar PV system at the DMRC metro station.
6. Greentech India:
The solar panel company was established in 2010. It is an ISO-certified company and has emerged to be one of the prominent manufacturers, traders, importers, exporters, and service providers of a diverse range of green House systems.
The solar power company enables customers to select from a wide range of qualitative systems. The instruments are of advanced technologies.
The company has emerged to be a successful player under the supervision of Mr. Gayesh Kulkarni.
The company offers various types of products and services, including a frame cooling pad, air circulation van, greenhouse electric heaters, and a negative ventilation unit.
7. Adani Power:
Adani Power is an Indian power and energy company under the authority of the Gujarat-based conglomerate Adani Group. The headquarters are situated in Ahmedabad, Gujarat, and market capitalization is estimated to be around 20 billion USD as of the data speculated in 2022.
It is a private thermal power producer with a capacity of production of 12,450 MW.
Additionally, the company operates a solar power plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. It emerged as the first Indian company that was able to synchronize superficial technology.
Currently, Adani Godda Power is implementing a 1600 MW plant in Jharkhand. In addition, the group has signed a contract to produce a 9153 MW capacity of power in collaboration with the government of Gujarat.
As of 2019, the Adani Group is in talks with the Rural Electrification Corporation and Power Finance Corporation to set up a 1600 MW Godda Power Project in Jharkhand with a cost of set-up in 14,000 crore INR.
8. Asun Solar Power Private Limited:
Asun Solar Power Private Limited is one of the youngest and fast-growing companies in the field of solar energy in India. The company deals with the design, build and commission off-grid and Grid-tied solar energy plants suited for a diverse profile of customers ranging from institutional to commercial and residential instruments.
In addition, the solar-powered company has even invested in MW-scale solar energy farms as an Independent Power Producer in India.
Furthermore, the company is the leading solar rooftop EPC company in India with the largest portfolios of satisfied customers.
The company deals with solar-energy solutions from planning and design to commissioning and operations.
9. Geopower India:
Geopower India Private Limited is a private company incorporated on 26 May 2016. It is classified as a non-governmental company, and it is a top solar-powered company in Punjab, Haryana, UP, and the UK.
The company is involved in the design and delivery of custom rooftop ON Grid Solar Power Plants and Off Grid Solar Power Plants.
The company has a key presence in the commercial and residential markets with offices in New Delhi, Dehradun, Mohila, and Noida.
The solar power company is involved in the manufacture of solar street lights and LED lights, Solar DC air conditioners, and BLDC fans.
It has executed more than 500 projects in India from small rooftop projects to MW Level installations.
10. Saatvik Green Energy:
It is North India’s largest Solar PV Manufacturing facility. Saatvik manufacturers and markets consist of high quality, high efficiency solar photovoltaic modules from its advanced manufacturing facility at Ambala, in Haryana.
The solar powered company has an annual capacity of 500 MW and has the best automobile technologies.
The solar modules provided by the company are well-suited to serve the needs of residential, commercial, and industrial off-grid and grid-tied applications.
It operates in Maharashtra, Rajasthan, Tamil Nadu, and Karnataka, which accounts for 46 percent of the national rooftop solar capacity.
The solar power companies mentioned above not only focus on the aim set by the government but also pay attention to the environment and its condition.
The companies understand their responsibility of keeping the environment clean and green.
It is integral for India to shift to solar power resources as the conventional energy extracted from thermal sources will be exhausted soon and may be extinct by the end of 2050.