Below are steps I followed.
1) Booted into Solus using the LiveUSB.
2) Clicked on the "Install Solus" icon from Desktop.
3) Selected Language as "English US"
3) Selected Locale/Keyboard as "English US"
4) Did not check the option "Find location automatically"
5) In the next screen, selected "America/Chicago" from the map as the location and clicked on Next.
6) This is when I got the error message.
I have tried the option of both MBR/GBT when using Rufus and I am getting the same error message.
Also tried USB Writer to write the image into the USB and still Solus Live is not detecting the hard disk.
Only caveat is that the laptop came with Windows 10, but with bitlocker enabled. Usually MS provides Bitlocker only for Professional and Enterprise version of windows. I have disabled bitlocker and decrypted the SSD drive to install Solus. Now, I don't see an option to enable Bitlocker in Settings (could be bcoz it is Windows 10 home). I don't want to restore or reset my laptop to go back.