Lack of awareness and understanding of the benefits of rooftop solar.
1. High upfront costs of installation, which can be a significant barrier for small businesses
with limited capital.
2. Lack of access to financing, as many banks and financial institutions are hesitant to
offer loans for renewable energy projects.
3. Complexity of the process, including regulations, technical requirements, and limited
availability of skilled technicians.
To mitigate these barriers and promote the adoption of rooftop solar by MSMEs, a financial
framework can be developed that includes:
1. Government incentives and subsidies to lower the upfront cost of installation.
2. Tax credits and deductions for businesses investing in rooftop solar.
3. Access to low-interest loans and financing options for MSMEs through partnerships with
banks and financial institutions.
4. Streamlining the process of installation and providing technical assistance to MSMEs, to
minimize complexity and increase the availability of skilled technicians.
5. Raising awareness and educating MSMEs about the benefits of rooftop solar and the
financial support available to them.