Rooftop solar energy in india

What is India's residential rooftop solar capacity in 2022?

India’s residential rooftop solar capacity as of 31 March 2022 may only be a mere 2,010 megawatt (MW). But because of a rising need for cost savings and increasing awareness among consumers, we expect residential solar rooftop installations to rapidly accelerate in the coming years.

Will residential rooftop solar grow in India?

We expect the growth of residential rooftop solar installations to accelerate in the near term across India because of the strong policy push and resurgent market demand. By FY2023, JMK Research estimates that the residential rooftop solar market will most likely achieve 3,214MW of cumulative installed capacity.

Is rooftop solar too expensive in India?

A report from CEEW last year found that only 50% of Indians are likely aware of rooftop solar as an energy solution and most of those who were aware thought it was too expensive. The report released last November recommended subsidies for consumers who can benefit from small rooftop solar arrays but can’t afford them.

Should India have a solar roof?

“On the auspicious occasion of the consecration in Ayodhya, my resolve has been further strengthened that the people of India should have their own solar rooftop system on the roof of their houses,” Modi said, announcing the Pradhan Mantri Suryodaya Yojana.

Is rooftop solar a viable option for Indian households?

New Delhi: Council on Energy, Environment and Water. CEEW conducted a detailed assessment of the technical, economic, and market potential of deploying rooftop solar (RTS) in Indian households by adopting the bottom-up approach. i.e. starting at the household level.

Will Indian residential rooftop solar market reach 3.2GW by fy2023?

Conclusion The Indian residential rooftop solar segment is at the cusp of a robust growth phase. From the 2GW cumulative installed capacity (as of FY2022), the residential market will likely reach 3.2GW by FY2023.