IEEFA – Unleashing the Residential Rooftop Solar Potential, Oct 2024

The report explores the potential growth and challenges in India's residential rooftop solar market. As of early 2024, the Indian government launched the Pradhan Mantri Surya Ghar Yojana (PMSGY), aiming to install 30 GW of residential rooftop solar by 2027. The scheme has shown strong uptake, with over 1.8 GW installed within its first six months. While financing options and consumer interest have improved, challenges remain, including regulatory inconsistencies and technical issues. This growth is crucial for India’s energy independence and decentralised energy ecosystem, with strong contributions anticipated from tier-2 and rural areas.