India's rooftop solar market is booming.
India added 521 MW of rooftop solar capacity in the second quarter of 2021, representing an increase of 53% from the previous quarter and 517% year-over-year growth.
That's the latest from Mercom's India Rooftop Solar Market Report Q2 2021-- India's best quarter for rooftop solar ever.
“The rooftop solar segment had a strong quarter, and demand is up," Mercom CEO Raj Prabhu said in a statement. "Finalizing the net metering cap at 500 kW has removed uncertainty for installers and paved the way for future growth."
In the first half of 2021, 862 MW of rooftop solar capacity was added in India-- more than the total installed capacity in all of 2020. Much of the demand came from corporate and industrial customers. Cumulative rooftop solar capacity reached 6.1 GW by the end of Q2 2021, according to the report.
The Mercom report warns that "haphazard" rooftop solar policies across states are holding the sector back. Increasing system costs also threaten the industry's growth.