India's Rooftop Solar Installations Drop 26% in Q1 2024

31 May 2024 CW Team

India's rooftop solar capacity installations registered a 26% year-on-year decline to 367 megawatts (MW) during the January-March period, primarily due to increased input costs, according to Mercom Capital. The country had seen 485 MW of rooftop solar installations in the first quarter of 2023, as detailed in areportd.

During the March quarter, India added 367 MW of rooftop solar, marking a nearly 10% decline from the previous quarter?s 406 MW and over a 24% decrease from the same period last year. As of March 2024, India's cumulative rooftop solar capacity stood at 10.8 gigawatts (GW).

The report, titled 'Q1 India Rooftop Solar Market,' attributed the decline to application processing delays faced by residential customers due to oversubscription under the PM SURYA GHAR: MUFT BIJLI YOJANA programme and rising module prices complying with domestic content requirements (DCR), which affected the SURYA Gujarat program.

The industrial segment led quarterly capacity additions, almost 57% of installations. The commercial, residential, and government segments contributed around 28%, 14%, and 1.1% of capacity additions, respectively.

Mercom Capital Group CEO Raj Prabhu commented, "Although rooftop solar is off to a slow start, 2024 could be a breakout year if the government's residential rooftop programme with attractive incentives. The challenge is on the supply side, with a short supply of inverters and certain components, availability of skilled labor, and concerns over the ability of installers and government agencies to handle the rush."

Gujarat, Maharashtra, Haryana, Kerala, and Karnataka led in rooftop solar additions for the quarter, with these top five states accounting for more than 67% of the installations.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..