Jaipur, 13th November 2024: Luminous Power Technologies, a leading energy solutions provider, has released key findings from its latest survey, Solar Spectrum of New India, focusing on Jaipur. The survey provides valuable insights into the adoption, perceptions, and challenges of solar energy solutions in the city, shedding light on both the opportunities and barriers for solar energy growth.
The results reveal promising potential for solar energy in Jaipur, with 100% of respondents agreeing that the city offers ideal weather conditions for running solar rooftop systems. Despite this, solar adoption remains low, with only 10.29% of respondents reporting that they have installed solar rooftop systems, while 89.71% have yet to adopt the technology.
Ms. Preeti Bajaj, MD & CEO of Luminous Power Technologies, commented on the findings: “Jaipur has tremendous potential for solar energy, with its ideal weather conditions and growing awareness of the benefits of solar solutions. However, the challenges of high installation costs and skill shortages must be addressed to unlock the full potential of solar energy in the city. Luminous is committed to driving sustainable energy adoption through innovative solutions, industry collaboration, and skill development initiatives.”
There is a strong awareness of solar energy solutions, with 62.57% of respondents rating their knowledge as high. Solar energy is widely perceived as environmentally friendly (79.43%) and cost-effective in the long term (64%), showcasing the positive outlook on the benefits of solar energy.
However, the survey highlights certain challenges hindering solar energy adoption in Jaipur. Initial installation costs remain a significant barrier, with 80.56% of those who have installed solar systems identifying it as a primary challenge. The accessibility of solar energy solutions is improving, with 46.86% of respondents acknowledging the growing popularity of solar power solutions.
The survey also reveals the importance of specialized skills in the solar sector, with 64.57% agreeing that installing solar rooftop systems requires expert knowledge. Encouragingly, 66.86% of respondents believe there is sufficient skilled labour available in the city for solar energy implementation. However, 43.71% identified a lack of awareness about career opportunities in the solar industry as a key challenge, suggesting the need for greater awareness and education in the sector.
To address the skill shortage, 42.29% of respondents recommend enhancing collaboration between industry and educational institutions, highlighting the importance of partnerships to bridge the gap between demand and skilled labour availability.
As part of its efforts to accelerate solar adoption, Luminous Power Technologies continues to promote affordable financing options for solar rooftop installations and is committed to supporting skill development programs across India.
Luminous has partnered with NBFCs like Ecofy and a leading fintech lender Credit Fair to offer affordable solar financing options to individuals, trust-run institutions, housing societies, and small and medium industries for installing clean energy systems. Luminous as part of their CSR project “Solar PV Installation Training” is also upskilling men and women across India to become solar technicians. The 400-hour course aims to provide a lucrative job avenue to the unemployed youth through development of industry-competent skills. It has been active in the states of Himachal Pradesh, Odisha, Karnataka (Bengaluru), Jammu, Haryana (Kaithal), Maharashtra (Nagpur) and Sikkim (Rangpo). The trainees, upon completion, are being provided a Skill Certificate from NSDC (National Skill Development Corporation).
Methodology
The report is based on interviews with 4,318 respondents amongst four age cohorts as mentioned below across 5 metros: Bangalore, Delhi, Hyderabad, Kolkata, Mumbai and 8 non-metros: Ahmedabad, Chandigarh, Gurugram, Guwahati, Jaipur, Kochi, Lucknow, Patna conducted between February 2024 to March 2024.
A random sample of 4258 respondents in the four age cohorts; Gen Z (age 18-22) Millennials (age 23-38) Gen X (age 39-54) & baby boomers (age 55-76) were interviewed, out of which 91 respondents were found to have solar rooftop systems. In addition to this, 60 qualified respondents of solar rooftop owners were surveyed from 3 cities of high usership. All the findings from our survey are supported by extensive secondary research across the country.
