According to Mercom India Research, India added 1.6 GW of rooftop solar capacity in the calendar year (CY) 2022, nearly a 4% decline year-over-year (YoY), compared to 1.7 GW in 2021. This report can be accessed at https://www.mercomindia.com/india-1-6-gw-rooftop-solar-2022
As per the above report industrial and commercial (C&I) sector accounted for 67% of rooftop solar installations. This shows that the C&I sector is where the growth is. In fact due to high electricity rate, the return on investment for industrial and commercial customers are very high. This is the reason this sector is using its roof to install solar plant.
Installations of solar power plant could have been higher if project costs had not risen due to the BCD on modules and if installers had clarity about the grid-connected rooftop solar projects requiring ALMM-enlisted modules.
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