The rooftop solar commercial & industrial market in India

India’s rooftop solar market is bubbling with new energy, overcoming major roadblocks to likely add a record-high 4 gigawatts (GW) of capacity in fiscal year (FY) 2024, a new joint report by the Institute for Energy Economics and Financial Analysis and JMK Research & Analytics finds. The report finds that the capacity addition between April and July 2023 was nearly 2GW, slightly less than the amount added in FY2023. Falling solar module costs will likely help sustain the growth momentum in the near-to-medium term.