Hoymiles Microinverters Offer An Efficient Opportunity To Ride The Solar Boom In India

India has emerged as one of the fastest-growing solar markets in the world. With government policies, technological advancements, and increasing demand, solar power is poised to become a mainstream energy source in India’s clean energy transition.

Why is it the best time to go solar in India?

The year 2024 represents a promising start for the renewables sector in India. By September 2024, India’s installed PV capacity registered 90.76 GW, which accounts for 58.73% of the total renewable energy capacity in the country.

At this year’s Re-Invest Expo, developers, banks and financial institutions pledged to invest $386 billion (₹32.45 lakh crore) of financing in green projects including solar and wind. Manufacturers also committed to adding additional capacities of 340 GW in solar modules and 240 GW in solar cells.

All these initiatives show India’s commitment to the green energy transition and represent a great investment opportunity for users.

What are the benefits of going solar?

Solar energy offers numerous benefits that make it a compelling choice for anyone (including homeowners and business owners) looking to reduce their carbon footprint and lower energy costs.

• First and foremost, unlike fossil fuels, solar power does not produce harmful greenhouse gases or pollutants, making it an environmentally friendly option. Solar is an endless source of energy that can contribute to alleviating climate change and improving overall public health.
• Significant financial savings. With the cost of solar panels and systems falling, installing solar can significantly reduce or even eliminate electricity bills, thus improving the overall yields. Additionally, many regions offer incentives, rebates, and tax credits for solar installations, further enhancing the economic benefits.
• Energy independence. Over time, solar systems pay for themselves and can even generate additional income through net metering or selling excess power back to the grid. You don’t need to worry about power outages, extreme weather, or rising electricity prices.
• Increased property value. Few people know that installing solar also increases the owner’s property value. Homes with rooftop solar always get better prices on the housing market.
• Simple installation. Going solar is extremely easy as the latest solar technologies have greatly simplified the installation. Many components adopt a plug-and-play design, so installations take anywhere from less than an hour to a few days, depending on the project’s capacity.

Hoymiles: Transforming the solar landscape with advanced technology

Founded in 2012, Hoymiles is a clean energy solution provider, specializing in module-level inverters and storage systems. The company strives to drive innovation in the smart energy industry with its high-performance, accessible products. Hoymiles is empowering homeowners and professionals in more than 190 countries and regions to join the journey to true open energy.

Hoymiles has solidified its position as the leading microinverter company in China and claims the prestigious title of the world’s No. 2 microinverter supplier for three consecutive years (2021–2023), according to S&P Global.

Its microinverters are known for their leading efficiency, unbeatable flexibility, and unparalleled cost-effectiveness. The advanced products make sure users always get the most out of their solar system at an affordable price.

Hoymiles in India: Committed to provide the best product and solutions

Hoymiles came to the 2024 edition of the Renewable Energy India Expo held from October 3–5 and showcased its latest technology. Products on display included single-phase microinverters, three-phase microinverters, energy storage inverters, batteries and EV chargers. The newcomer attracted a lot of visitors and industry experts for collaboration.

The company’s complete array of products with a wide range of power ratings is suitable for any setting. From regular rooftop projects to large-scale commercial setups, Hoymiles products are seen across the globe.

Its cutting edge MPPT technology sets is microinverters apart from similar brands by making sure each solar panel always performs at the best level regardless of weather conditions, orientations and shadows.

Hoymiles’ rugged technology translates to maximum energy production and optimized return on investment for users.

Looking ahead, Hoymiles is set to expand its presence in India by providing more solar products and localized support to Indian customers.