Every 45 days, 100,000 homes switch to solar power in India: SolarSquare’s Shreya Mishra

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Every 45 days, 100,000 homes switch to solar power in India: SolarSquare’s Shreya Mishra - Economic Times

Quick Summary:

Households are embracing solar energy solutions due to increasing awareness, rising electricity costs, and higher electricity consumption in households driven by lifestyle improvements and heat waves, says Shreya Mishra, CEO and co-founder, SolarSquare.

Citing a report from JMK Research, he says, “A key trend has been the gradual shift towards residential installations, with their share rising from 16% in FY19 to 27% in FY24, growing at a CAGR of 31%.

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