Rooftop Solar Market in India

Rooftop Solar Market in India

Date of release-January 2024

India’s rooftop solar market is bubbling with new energy, even though there are major roadblocks. The country has added a record-high 3 gigawatts (GW) of rooftop solar power capacity in the calendar year (CY) 2023. This report provides an overview of the installation trends, Policy scenario, Net metering regulations & Regulatory roadblocks state-wise, Impact of BCD and ALMM, Emerging Market trends, Risks and challenges, and Key Players.

Table of Contents

  1. Introduction
    • Year-Wise Installation Trends
    • State-wise installation trends
    • Market projection by 2030
    • Business model wise split CAPEX & OPEX
    • Residential Market size – Potential and current market size
  2. Policy Scenario
    • Central Policies
      • Central Rooftop Phase II plan (Statewise incentives released under Phase II)
      • Modification to Central Financial Assistance
      • National Rooftop Portal (CFA released under Rooftop portal)
    • Impact of BCD and ALMM
    • State Policies
      • Net Metering Regulations in state wise
      • Regulatory roadblocks by states
      • Surplus payable under net metering
  3. Rooftop market state-wise attractiveness index
  4. Emerging Market Trends
    • Virtual Net Metering
    • Adoption of large format modules
    • Adoption of Bifacial Modules
    • Utilisation of BESS
    • Technology Trends
    • Peer to Peer Trading
  5. Key player’s profile (installation trends, investments raised, key clients)
    • Tata Power
    • Amplus
    • Fourth Partner
    • Roofsol
    • Mahindra Solarize
  6. Challenges for Rooftop solar sector in India
    • Skewed large-size efficient module availability
    • State regulatory restrictions
    • Resistance from distribution companies
    • Imposition of various connectivity charges
    • Financing constraint
    • Shifting of C&I towards open access
  7. Way Forward

Note: Quarterly updates are also available for this report. To know more details, write to us at or call at 7428306655

About Us

JMK Research & Analytics is a specialist consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segments.

Based on our in-depth sector experience, strong industry network, we provide key insights and detailed industry information which helps clients develop successful business models and market strategies.

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