India’s residential rooftop solar market, long held back by low consumer awareness and poor economic viability, is showing encouraging signs of growth. With less than 1% of urban households having adopted residential rooftop solar so far, the market represents huge growth potential. MNRE’s revamped subsidy scheme is further helping to catalyse growth prospects.
Based on state-wise bottom-up analysis of the market in view of prevailing grid tariffs, demographics and financial viability, we estimate total residential rooftop solar capacity to reach 16.2 GW by 2030 at an average annual growth rate of 25%. This report covers the residential rooftop market in detail growth drivers, challenges, policy and regulatory framework, market segmentation, technology, financing and overall market outlook.
