India's Rooftop Solar Installations Hit Record 3.2 GW in 2024
POWER & RENEWABLE ENERGY

India's Rooftop Solar Installations Hit Record 3.2 GW in 2024

India witnessed a significant expansion in rooftop solar capacity in 2024, with installations reaching 3.2 GW, marking an 86 per cent increase compared to the previous year, according to Mercom India Research’s Q4 & Annual 2024 India Rooftop Solar Market Report. The surge in capacity was largely driven by the widespread implementation of the PM Surya Ghar: Muft Bijli Yojana.

The residential sector played a dominant role, accounting for 74 per cent of the total rooftop solar installations in 2024. Meanwhile, the industrial segment contributed 19 per cent, followed by the commercial sector at 6 per cent, and the government sector at 0.8 per cent. The majority of these installations were executed under the capital expenditure (CAPEX) model, which represented 88 per cent of the total capacity added, while the remaining installations were carried out under the operational expenditure (OPEX) or renewable energy service company (RESCO) model.

Among states, Gujarat led the rooftop solar capacity additions with a 36 per cent share, followed by Maharashtra at 20 per cent and Kerala at 9 per cent. As a result of these expansions, India’s cumulative rooftop solar capacity reached 13.7 GW by the end of December 2024.

Additionally, 2.8 GW of rooftop solar tenders were announced during the year, reflecting a year-over-year increase. A significant portion of these tenders—over 43 per cent—focused on installing rooftop solar systems on government buildings across the country, further strengthening India’s commitment to solar energy adoption.

The rapid growth in the sector highlights the increasing demand for rooftop solar solutions, particularly among homeowners, while future progress will depend on maintaining stable module costs and ensuring a seamless supply chain to support both residential and commercial installations.

News source: Mercom India

India witnessed a significant expansion in rooftop solar capacity in 2024, with installations reaching 3.2 GW, marking an 86 per cent increase compared to the previous year, according to Mercom India Research’s Q4 & Annual 2024 India Rooftop Solar Market Report. The surge in capacity was largely driven by the widespread implementation of the PM Surya Ghar: Muft Bijli Yojana. The residential sector played a dominant role, accounting for 74 per cent of the total rooftop solar installations in 2024. Meanwhile, the industrial segment contributed 19 per cent, followed by the commercial sector at 6 per cent, and the government sector at 0.8 per cent. The majority of these installations were executed under the capital expenditure (CAPEX) model, which represented 88 per cent of the total capacity added, while the remaining installations were carried out under the operational expenditure (OPEX) or renewable energy service company (RESCO) model. Among states, Gujarat led the rooftop solar capacity additions with a 36 per cent share, followed by Maharashtra at 20 per cent and Kerala at 9 per cent. As a result of these expansions, India’s cumulative rooftop solar capacity reached 13.7 GW by the end of December 2024. Additionally, 2.8 GW of rooftop solar tenders were announced during the year, reflecting a year-over-year increase. A significant portion of these tenders—over 43 per cent—focused on installing rooftop solar systems on government buildings across the country, further strengthening India’s commitment to solar energy adoption. The rapid growth in the sector highlights the increasing demand for rooftop solar solutions, particularly among homeowners, while future progress will depend on maintaining stable module costs and ensuring a seamless supply chain to support both residential and commercial installations. News source: Mercom India

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code