The Influence of Government Policies and Incentives on Smart Meter Adoption in Indian Residential Buildings

Abstract

This paper aims to review the impact of government policies and financial incentives on the introduction and installation of smart meters in residential buildings across India. Data was collected through a survey of 386 households. The study also shows that awareness of the existing government policies and financial rewards promoting the practice also leads to improved high adoption levels. Mandatory installation policies, subsidies, and generalized advertising are very efficient; extensive information campaigns increase installation efficiency even more. The study establishes the necessity of a robust policy regime to eliminate barriers to adoption and improve efficiency within the two pillars analyzed in the research. These findings contain valuable suggestions for development managers and policymakers to assess potential strategies to promote smart meter usage in the country.