scheme in 2024, residential solar
had languished because of signifi-
cant upfront investment, difficulty
in
sourcing
credible
suppliers,
complexity in decision making
about product fit, while installation,
cost, process and quality assurance
continued to be barriers for poten-
tial buyers.
PM Surya Ghar Yojana provides a
simplified application process to
subsidize installation of power
plants so that the first 300kWh per
month are free, with target disburse-
ment in 15 days, as well as bank
loans as low as 7% with no require-
ment of a credit score. The GoI has
already invested heavily in aware-
ness campaigns, and is expected to
triple that investment to support
uptake of residential solar.
“BEEM’s
AI-powered
digital
platform simplifies the entire home-
owner journey for going solar, the
same way the iPhone revolutionized
mobile commerce 15 years ago,”
said Husk CEO and Co-Founder
Manoj Sinha. “And Husk is not
stopping there. We will leverage
BEEM to evolve India’s distributed
energy sector into virtual power
plants (VPPs) that will democratize
the energy ecosystem and put
energy production and trading in the
hands of people.”
P R
RESS ELEASE
73 | June 2025 | www.industrialoutlook.in