India’s rooftop solar capacity addition tripled to 1.3 GW during January-September 2021 as compared to the same period a year ago.
Tripura, West Bengal, Bihar, Kerala, Uttar Pradesh, Uttarakhand, and Haryana are choosing vendors to install residential rooftop solar systems. Gujarat is the leading state for cumulative rooftop solar installations with 26 percent, followed by Maharashtra and Rajasthan, which added 14 percent and 10 percent, respectively. Uttarakhand registered the highest compounded quarterly installation growth with 35 percent, followed by Maharashtra and Haryana with 31 percent and 29 percent.
Post-Covid second wave, the prices of components have been steadily increasing. Report suggests that system costs had risen steadily in 2021 with a 3.8 percent rise during Q1, a 3 percent rise during Q2, followed by a 2.3 per cent rise during Q3 2021. Rooftop system costs have increased by 9 percent over the past 12 months.
In Q3 2021, 54 percent of rooftop solar was installed in the residential sector, followed by commercial & industrial, and government sectors, with 44 percent and 2 percent, respectively. Residential installations were the highest for the second quarter in a row.
According to the report, at the end of Q3 2021, cumulative rooftop solar installations reached 6.7 GW.
