This startup solves urban solar installation challenges with support from government initiatives and Zerodha founder Nithin Kamath
SundayGrids helps urban residents without rooftops install solar panels through off-site investments, supported by government initiatives and Zerodha founder Nithin Kamath, offering energy credits.
SundayGrids addresses the challenge of installing solar panels for urban residents in high-rise or low-rise buildings without rooftops. By offering a unique solution, this startup allows individuals to invest in solar capacity installed at other locations. Supported by government initiatives and Zerodha founder Nithin Kamath, SundayGrids enables residents to generate credits to offset electricity bills, providing an innovative approach to expand solar energy access. This model combines community investment with practical, scalable solar solutions.
Urban Solar Installation Challenge
- Problem: Many urban residents in high-rise or low-rise buildings lack rooftops to install solar panels.
- Solution: SundayGrids startup offers an innovative solution for these individuals.
Government Initiatives
- PM Surya Ghar Yojana: Launched by the government to encourage solar panel installation on residential rooftops.
- Challenge: Urban dwellers without rooftops cannot benefit from these schemes.
SundayGrids Startup
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Objective: To provide a solution for urban residents who cannot install solar panels due to the lack of rooftops.
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Approach: Install solar plants at other locations and allow people to reserve capacity based on their investment.
Objective: To provide a solution for urban residents who cannot install solar panels due to the lack of rooftops.
Approach: Install solar plants at other locations and allow people to reserve capacity based on their investment.
Benefits of the Startup's Model
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Credit System: Generates credits from the reserved solar capacity, which can be used to reduce electricity bills.
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Regulatory Support: Increasing government regulations promote third-party solar models, benefiting more urban residents.
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Community and Digital Integration: Combines the advantages of community, digital, and gross metering for a broader reach.
Credit System: Generates credits from the reserved solar capacity, which can be used to reduce electricity bills.
Regulatory Support: Increasing government regulations promote third-party solar models, benefiting more urban residents.
Community and Digital Integration: Combines the advantages of community, digital, and gross metering for a broader reach.
Founders of SundayGrids
- Startup Founders: Mathew Samuel, Naseer Sathyala, and Tarun Joseph.
How the Model Works
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Investment: Residential users invest in solar panel installations.
- Pooling: A group of investors pools resources to install solar panels on commercial or industrial rooftops.
- Revenue Generation: Commercial users sell and use the generated electricity, creating revenue.
- Return for Investors: Residential investors receive credits, which can be used to offset electricity bills, along with potential subsidies and earnings.
Investment: Residential users invest in solar panel installations.