How India's rooftop solar market is on a robust growth trajectory
India's rooftop solar market is on a robust growth trajectory, driven by increasing energy costs, supportive government policies and growing corporate commitments toward sustainability.
India’s rooftop solar market is on a robust growth trajectory, driven by increasing energy costs, supportive government policies and growing corporate commitments toward sustainability. The market is expected to grow at a CAGR of 33 per cent from FY 25 to FY 27, with the total installed rooftop capacity projected to grow from 17 GW in FY25 to 30 GW by FY27. Gujarat and Maharashtra together account for nearly 41 per cent and 23 per cent share, respectively, in the total installed capacity for rooftop solar. As per a report by CareEdge Advisory and Research the Commercial and Industrial (C&I) segment is expected to play a pivotal role in the growing rooftop solar installations across India.
The report points out that this growth showcases a strong momentum in the sector. The expansion is driven by India’s broader energy transition goals, with solar power emerging as a central pillar in the country’s clean energy roadmap. With a total renewable capacity of 220 GW as of FY25 and a national target of 300 GW solar capacity by 2030. It is expected that rooftop solar, particularly in the Commercial and Industrial (C&I) segment, is expected to play a pivotal role in this growth. As of FY25, India’s rooftop solar capacity stood at 17.02 GW, and increasing awareness among businesses about reducing operating costs and meeting sustainability targets is fuelling adoption. Government incentives, reducing technology costs, and policy support such as net metering and PLI schemes are expected to further accelerate deployment.
Source : https://www.theweek.in/
The report points out that this growth showcases a strong momentum in the sector. The expansion is driven by India’s broader energy transition goals, with solar power emerging as a central pillar in the country’s clean energy roadmap. With a total renewable capacity of 220 GW as of FY25 and a national target of 300 GW solar capacity by 2030. It is expected that rooftop solar, particularly in the Commercial and Industrial (C&I) segment, is expected to play a pivotal role in this growth. As of FY25, India’s rooftop solar capacity stood at 17.02 GW, and increasing awareness among businesses about reducing operating costs and meeting sustainability targets is fuelling adoption. Government incentives, reducing technology costs, and policy support such as net metering and PLI schemes are expected to further accelerate deployment.
Source : https://www.theweek.in/
