As per technavio.com, The solar power market in India market is expected to grow at a CAGR of 35.24% during 2022-2026. Earlier it was not significantly affected by even the COVID-19 pandemic. Major factors leading to the growth of solar power are the flexibility of these systems, decreasing price of the solar power technologies, environment-friendly methods of power generation, etc.
There is a reason why many businesses and individuals are switching to solar energy. We cannot falsify the benefits of using solar energy. It is not only beneficial to humans but to the whole planet as it is good for the environment. The main reasons to use solar energy at homes and in businesses are (i) They are environmentally friendly. (ii) They are cost-effective. (iii) Also it provides energy independence. Also, this does not require a lot of maintenance.
Solar technologies convert sunlight into electrical energy either through Photovoltaic panels (PV panels) or through mirrors that concentrate solar radiation. These energies are used to generate electricity. This electricity can be used directly or can be stored in batteries or thermal storage. Solar energies system are available in the market in all shapes and sizes. Residential systems can be installed on rooftops. Many organizations are building large solar power plants to sell energy to all their customers.
One of the major players in this industry in Gujarat is Sparco energy, which is an Ahmedabad-based solar power installation company that installs solar panels for domestic, commercial, and industrial use. It is a subsidiary of Sparco Multiplast that plastic construction materials that is excelling in its segment for the last sixteen years. They entered in solar power industry just a year back and till now they have installed solar panels to produce more than 1.5MW of energy with very good reviews from customers. If you are planning for installing solar panels then Sparco is a go-to company in Gujrat.