The Union Budget 2025 is a pivotal moment for India’s solar energy growth. Last year was a a landmark year for the residential solar sector. It witnessed unprecedented growth driven by the government` PM Surya Ghar Muft Bijli Yojana. The focus should be on ensuring that sufficient domestic manufacturing capacity is there to fulfil upcoming demand. In addition to this, the entire process of loan evaluation and disbursal for residential solar loans should be digitised. Finally, the government should further streamline/standardize/digitize approvals to speed up system installation and grid connectivity timelines. A forward-thinking budget can provide the clarity and support for these items will go a long way in helping the section meet or even exceed its goals.
Saurabh Marda, Co-founder and Managing Director, Freyr Energy