<div>According to "The Rising Sun" report by KPMG, India, the rapid fall in solar prices and increase in cost of conventional power may increase the usage of Rooftop solar power at a broad scale by 2017. </div><div> </div><div>"Solar power technology may help India leapfrog in the energy sector as we are in a position when our energy requirement growing at a rapid speed." said Santosh Kamath, partner, KPMG in India. For example, a high-end residential consumer can install a 1 KW solar PV system - to reduce marginal power consumption - with a monthly EMI payment of around Rs 2000 for five (5) years and avoid an average discounted monthly payment of around Rs 1200 over the lifetime (25 years) to the grid. Similarly, a ten (10) year EMI would result in an outgo of only 1200 per month equal to the average discounted power cost savings over the 25 year lifetime of the asset.</div><div> </div><div>"Given the issues of fuel shortages and import dependence of our energy sector, solar power should be given a significant thrust by the Government. The National Solar Mission (NSM) has made a good beginning,", said Arvind Mahajan, partner, HOD, Energy and Natural Resources. He further adds that the government, utilities and Regulators should encourage solar power by providing net metering infrastructure, energy banking facility and also developing an ecosystem for rooftop market installation.</div><div> </div><div>The National Solar Mission (NSM) has triggered the development of solar ecosystem capacity in India in the last two years. India's solar capacity has grown from less than 20 MW to more than 1,000 MW in the last two years. </div><div> </div><div>KPMG is a global network of firms providing professional services. We have 145,000 outstanding professionals working together to deliver value in 152 countries worldwide. KPMG, India was established in September 1993 and provides services to over 2,700 international and national clients in India.</div><div> </div>
