India added 1.3 GW of rooftop solar installations in the first nine months of 2021: Report

NEW DELHI: Mercom India Research released its third-quarter report on Rooftop Solar Market 2021. The report stated that India had added 1.3 GW of rooftop solar infrastructure in the first nine months of 2021. It is a 202% increase in comparison to the same period, last year. It established that solar installations are the highest ever recorded in the first nine months of a year. Rooftop solar installations in Q3 of 2021 were up 189% year-over-year (YoY).

According to the report, residential installations were the highest for the second quarter in a row. In Q3 2021, 54% of rooftop solar was installed in the residential sector. It was followed by commercial and industrial, and government sectors, with 44% and 2%, respectively. By the end of the third quarter of 2021, total rooftop solar installations had reached 6.7 GW. Raj Prabhu, Chief Executive Officer, Mercom Capital Group, said that the rooftop solar installation market is showing signs of recovery and is back to pre-COVID-19 levels.

With 26% of all, Gujarat is the state with most rooftop solar installations. Gujarat is followed by Maharashtra and Rajasthan, which each added 14% and 10% respectively, to the total. The top ten states accounted for almost 83% of total rooftop solar installations in Q3 2021.

Installers are receiving a rising number of enquiries from consumers who recognise the financial and environmental benefits of going solar, according to the research. The paper also includes a complete review of net metering policies in all Indian states and union territories.