This comprehensive report covers India’s residential rooftop market – growth drivers, challenges, policy and regulatory framework, market segmentation, financing issues and overall market outlook.
The residential rooftop solar market has failed to grow in line with utility scale solar and C&I rooftop solar markets. It accounts for only 2.9% and 17% share of total solar capacity and total rooftop solar capacity respectively on a cumulative basis until June 2021.
However, the residential rooftop solar market has very attractive growth potential. We expect the market to pick up pace with gradual improvement in affordability, financial viability and consumer awareness as well as policy implementation. Entry of larger players such as Tata Power, Mahindra and possibly, Reliance, is further expected to catalyse market growth.