Future Of Solar Water Heater Companies In West Bengal After Covid-19
The Covid-19 pandemic has brought the world to a pause by impacting our lives and disrupting global business. Almost every sector has been badly affected by the coronavirus pandemic. The solar water heater industries in West Bengal are no exception. They have also been affected in these unparalleled times.
But according to market analysis, it has been seen that the solar industry is self-confident and potentially stronger to come out of the unprecedented global health crisis in the long term. A domestic solar water heater or an industrial solar water heater, with a life of more than 25 years has become the topmost priority for many of us now. There are several economic incentive packages offered by the Government that is required to comprise positive encouragements for the solar water heater industries in West Bengal. The solar industry can be complemented by substantial investments into critical infrastructure in the areas of digitalization and renewable electricity, which are now the crisis but expected to gain importance in the near future. In this way, it can help in the growth of solar industries as a whole.
Solar energy has very quickly become a financially stable industry. It is capable of allowing to increase energy autonomy at highly competitive electricity production costs (LCOE). Also, it should be noted that PV can be deployed more quickly than nuclear plants or fossil fuel. In these challenging economic times, like the covid-19 outbreak, state incentives can additionally contribute to the vigorous economic outlook for the development of solar industries.
Thus, it is a vital factor to state that the full picture to go solar has not changed due to the outbreak of this Covid-19 crisis, also it will remain in demand even after the pandemic circumstances are over. It has been studied that any disruption coming in the way of the growth of solar energy will remain for a temporary period only. It will not impact the growth on a long-term basis.
Solar industries are interacting with their customers and are teaching them the benefits of getting solar water heating solutions for home and also for industrial purposes. It will not only help the solar industry to be on track post-Covid-19 but help the household to reduce their electricity bills and make a sound investment for the future as a solar water heater can run up to 20 years. Lastly, implementing a solar water heater can reduce carbon footprints to a huge extent, thus saving the environment.