Vol. 8, Issue 5 (2019)

Author(s):
Manpreet Kaur and Dr. Jatinderjit Kaur Gill

Abstract:
The sustainability of natural resources and human development is the buzz word of modern era. However for last few decades, we had been developing at the tremendous pace at the cost of natural resources jeopardising the whole megum of ecological balance resulting into global warming, environmental pollution, depletion of ozone, Extinction of species, traffic hazards and many more. The warning signs have been ringing at global level with the call to save ‘mother earth’. This prospective study was carried out on users of domestic photovoltaic system residing in various cities of Punjab, India. A total of 300 adults (both male and females) constitute the sample of the study. The study is descriptive in nature and primary data is used for this purpose. A self-constructed interview schedule was used to collect the data from the users of the solar PV system. A sample of 300 families from different cities of Punjab consisting 27 families from Jalandhar, 47 families from Patiala, 13 families from Mohali, 200 families from Ludhiana and 13 families from Amritsar who had installed photovoltaic systems in their residence in 2014-17 were selected for the study. The present paper illustrates the economic feasibility of solar photovoltaic system at domestic level indicating the payback period of solar photovoltaic system varying from 5-8 years with almost zero maintainance cost for 25 service years. It will help in correcting myopic perspective of Punjabis pertaining to solar photovoltaic system and contribute towards ecological sustainability without compromising the development.