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India’s Rooftop Solar Market Eyes Eightfold Growth by 2030

India’s Rooftop Solar Market Eyes Eightfold Growth by 2030
Rooftop solar market poised for eightfold growth · financialexpress.com

India has many rooftops that could be used to make solar electricity.

The Indian Solar Manufacturers Association says the country could have 132 gigawatts of residential rooftop solar, compared with about 17 gigawatts installed now.

That means there may be nearly 115 gigawatts of room for growth.

The PM Surya Ghar programme has helped more families afford rooftop solar.

By August, the programme covered 5.46 million households and 16,185.48 megawatts of capacity.

Monthly installations slowed in August compared with July.

ISMA expects 9 to 15 gigawatts of new rooftop solar each year from 2026 to 2030.

This could create more demand for solar panels, cells, inverters and other equipment made in India.

ISMA wants the government to explain what happens after the programme’s March 2027 deadline.

Key facts

Estimated total potential
132 GW of residential rooftop solar
Currently installed
17 GW nationally
Untapped potential
Nearly 115 GW
Projected annual installations
9–15 GW between 2026 and 2030
PM Surya Ghar capacity
16,185.48 MW across 5.46 million households by August
August monthly additions
1,407.32 MW, down 11.6% from 1,592 MW in July
Programme timeline
Current phase approaches March 2027; ISMA prefers next-phase clarity by December 2026
Programme financial support
The scheme has a ₹75,021-crore outlay and offers assistance of up to ₹78,000 for systems of 3 kW or above

Quotes

Amit Manohar

Secretary General of the Indian Solar Manufacturers Association

“PM Surya Ghar has played an important role in expanding residential rooftop solar adoption, particularly in markets where project economics remain challenging. As the current programme approaches March 2027, providing early clarity on its next phase, including consideration of PM Surya Ghar 2.0, preferably by December 2026, would help maintain market continuity and provide greater visibility to consumers and industry stakeholders.”
thehindubusinessline.com financialexpress.com
“This represents a significant and sustained demand pipeline for domestically manufactured solar cells, modules, inverters and balance-of-system components, creating opportunities across India’s solar manufacturing and rooftop ecosystem.”
thehindubusinessline.com

Sources

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