A Study of Pradhan Mantri Surya Ghar Yojna and Its Impact on Household Electricity Costs and Decreasing Dependency on Conventional Energy Sources

Neev Shah

doi:10.36948/ijfmr.2024.v06i05.28845

A Study of Pradhan Mantri Surya Ghar Yojna and Its Impact on Household Electricity Costs and Decreasing Dependency on Conventional Energy Sources

Author(s)	Neev Shah
Country	India
Abstract	According to research, the Pradhan Mantri Surya Ghar Yojna has a significant impact on sustainable energy practices by lowering household electricity costs through rooftop solar installations and reducing India's dependency on foreign energy sources. The Yojna lessens the environmental effect of traditional energy usage by enabling homes to switch to greener options by promoting access to renewable energy. The program's subsidies and incentives increase access to solar energy, promoting its widespread adoption by both urban and rural families. In addition to lowering household power costs, its widespread adoption helps India meet its challenging targets for lowering carbon emissions and fostering environmental sustainability. Through the creation of chances for local manufacturers, skilled workers, and industries to engage in the solar energy value chain, the project also promotes socioeconomic development. The initiative supports India's larger sustainable energy aims by offering a framework for rooftop solar panel installations, guaranteeing long-term financial gains and promoting energy independence. There are difficulties, mostly associated with the initial high cost of installing solar panels and the difficulties in obtaining funding or subsidies, but they are gradually being resolved by means of incentives and policy changes from the government. Overall, by making solar energy more accessible, cheap, and appealing to Indian homes, the Pradhan Mantri Surya Ghar Yojna has played a significant role in defining sustainable energy habits and supporting the nation's wider economic and climatic goals.
Field	Sociology > Economics
Published In	Volume 6, Issue 5, September-October 2024
Published On	2024-10-18
Cite This	A Study of Pradhan Mantri Surya Ghar Yojna and Its Impact on Household Electricity Costs and Decreasing Dependency on Conventional Energy Sources - Neev Shah - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.28845
DOI	https://doi.org/10.36948/ijfmr.2024.v06i05.28845
Short DOI	https://doi.org/g8np9k

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A Study of Pradhan Mantri Surya Ghar Yojna and Its Impact on Household Electricity Costs and Decreasing Dependency on Conventional Energy Sources

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