
An innovative solar investment concept- Digital Solar Biscuits.
If I tell you that you may buy a piece of a solar power plant, will you trust me? You'll say that I'm kidding. How is it possible to own a piece of a solar power plant?
Well, this was not feasible before to last year. However, the solar industry was just one of many things that were altered by COVID-19.
What is Solar Biscuit?
A unit of a section of a solar plant sold online that consumers can reserve is referred to as a "solar biscuit" or "digital solar." When an organization or individual uses their biscuits to consume electricity, they can then receive returns or power dividends (known as credits). It is a novel approach to environmentally friendly investing that can help cut carbon emissions by promoting the use of solar power.
How did the need arise?
The fact that there would be many individuals who, wanted to adopt solar but were unable to do so and are now responsible for paying their electricity bills.
Even for the residential sector, metro areas have extremely high electricity costs. Therefore, if one does not have access to a rooftop, can one adopt solar energy or reap its benefits?
How are Solar biscuits useful?
Simply decide how many solar biscuits you'll need to offset your energy costs. As a result, every unit of power produced using them earns energy credits. You are only required to pay the remaining balance, if any, after using these credits to pay your electricity bills.
Solar Biscuits make renewable energy simpler by sparing utility drivers the trouble of setup, use, and maintenance, while also enhancing flexibility and scalability in accordance with business requirements. Based on a predetermined rate of return, they create a framework for converting their solar assets into transferrable power dividends.
Digital solar has the ability to shift the way we think about green energy. Given the acceptance and success of decentralized forms of money and assets, such as cryptocurrencies and NFTs, decentralizing solar energy and converting it into a digital asset not only makes sense but is also a progressive and forward-thinking suggestion.