With the scarcity of resources, the use of solar panel has increased in the economy. A solar panel is the component of modules of photovoltaic plates. It receives the light from the sun and uses the light so received for the production of heat and energy. The major component for the production of energy is the fossil fuel (decay of plants and animals); since it is scarce the government of every country is emphasizing the installment of solar panels for the production of energy. The government emphasizes the use of natural resources in such a way that there remains an abundance of it for the coming generation without compromising the need and want of present generation. In the country like India where there is an excess supply of solar heat; the use of a solar panel is a commendable task. The singapore solar panel receive a subsidy for the encouragement and supply of solar panel in the countries.
All-around Development of Industrial Sector
The overall impact of the solar panel was impressive in the developing country like India. It eliminates the unwanted expenses of electricity. The use of a solar panel has the major contribution to the economy as sustainable development. The manufacturers supply a large number of solar panels to the industrial sector also. This is because government confines these industries for the limited use of electricity. Therefore, in order to meet the deficit energy, they use Solar Panels.