Residential rooftop solar in India outpaces commercial and industrial sector

Finally, the rooftop solar segment in the country seems to be catching up, and not just catching up, but is growing fast.

- RITWIK MUKHERJEE

There has been a significant increase in rooftop solar installations in the first nine months of 2024, surpassing annual installations of all previous years.

That's not all.

For the first time, the residential sector is outpacing commercial and industrial.

India added a record 1.9 gigawatts (GW) of rooftop solar capacity in the first nine months (9M) of calendar year (CY) 2024.

Installations in the first nine months surpassed even annual installations of all previous years.

Installations rose nearly 45 per cent year-over-year (YoY) compared to the 1.3 GW installed in 9M 2023.

That's what the latest report from Mercom India on: Q3 2024 India Rooftop Solar Market, suggests.

The rooftop solar market has seen a remarkable turnaround, thanks to the PM-Surya Ghar initiative, that's what experts feel.