Part 4/9:
Vinet Mital, popularly known as “Mr. Solar of India,” highlights that the declining costs of solar panels and installation have made renewable energy investments more accessible. He notes that most systems have a payback period of fewer than two and a half years, after which homeowners begin to save money or even earn income through excess energy production.
India’s ambitious plan is to triple its solar capacity within the next three years. Delhi aims to generate 25% of its electricity from solar sources by that time, partly through urban solar clusters. These collective solar installations are creating a ripple effect, inspiring more neighborhoods to adopt cleaner energy solutions and achieving impressive savings—up to 75% reduction in energy bills for some households.