Rooftop Solar Installations in India

The Indian government aims to significantly increase rooftop solar installations, targeting 4 million by March 2026 under the PM Surya Ghar Muft Bijli Yojana.

Current Status and Future Targets

• By March 2027, the objective is to install 10 million rooftop solar units.
• Currently, approximately 1.7 million households have adopted rooftop solar systems.

Utility-Led Aggregation Model

• This model is expected to contribute an additional 1 million installations.
• Allows distribution companies to handle demand aggregation and facilitate installations.
• Aims to streamline approval processes, enhance vendor accountability, and reduce consumer costs.

Incentives and Financial Support

The scheme provides households with:

• Up to 300 units of free electricity monthly.
• Direct financial subsidies for solar system installation.
• An outlay of ₹75,021 crore includes rationalized subsidies and collateral-free loans valid until 2026-27.

Importance of Rooftop Solar

• Crucial for achieving clean energy objectives.
• Reduces financial stress on distribution companies.
• Empowers consumers with reliable and low-cost energy solutions.

Decentralised Energy Market

According to JMK Research and the Institute for Energy Economics and Financial Analysis:

• Rooftop solar is a key element in the growth of the decentralized energy market in India.
• Essential for achieving energy independence and ensuring energy security.