The report highlights that the price for solar power has seen a decline; today, in India, solar prices are within 15 per cent of the coal power prices on a levelised basis and, it is expected that that by 2020, solar power prices would be approximately 10 per cent lower than coal power prices.

The solar rooftop power, today, is already competitive compared to grid power for many consumers and, as per the report, if combined with storage, it could be cheaper than grid power after 2022 for a large section of the consumers and drive a considerable shift to rooftop power. A ‘Solar House' that is self-sufficient in energy terms could be a reality within the coming decade.

Piyush Goyal, Honourable Minister of State (IC) for Power, Coal and New and Renewable Energy said, "We need to re-engineer our process to create energy efficiency and conservation to give India an affordable energy access. It is important that we remove all disparity at the root level to ensure social harmony for all in India and also to compete globally.

"A holistic vision is the need of the hour in order to reach 200 million people at a faster rate. I am personally convinced that any amount of investment in this sector will have a quick pay back. This is possible and achievable and I am confident that the era of shortage is over and we are now in the era of surplus. I am hopeful that you will see the economy picking up rapidly and the benefits would be seen across the nation."

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