Today, if you are interested in installing some solar panels but don’t have the roof space necessary because you live in an apartment or a rented house, there’s no solution. Despite the subsidies, only about 10% of urban households have rooftop solar. That means many people are conscious about being sustainable but can’t do anything. SundayGrids is taking an interesting approach to solve this problem. They setup solar power plants in other locations and allow people to reserve a part of the capacity in the plant. This generates credits, which can be used to reduce the power bill, even though the plant is in a different place. They are now live across India.

Various governments are now coming up with regulations to encourage third-party solar models. I think this is a cool way to make solar accessible to the masses.

We’ve invested in SundayGrids through Rainmatterin. Here’s the founder talking about why they started and how the model works.

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