A total of 389 MW of rooftop solar projects were installed in the country in the April-June quarter this year. This is 25 percent less than the corresponding period last year. This information has been received from a report by Mercom India.
In the second quarter of 2022, the rooftop solar accounted for 10 per cent of total solar installations. India’s cumulative rooftop solar capacity was over 7.9 GW at the end of Q2 2022, says the ‘Rooftop Solar Market Report Q2 2022’.
Rooftop solar capacity installation in the first half of this year i.e. January-June declined by two per cent to 845 MW as compared to the same period last year.
“Supply chain issues and higher component costs and the basic customs duty took a toll on the market in the second quarter. Rooftop project costs have risen for six quarters in a row. But the economic case for rooftop solar is stronger than ever, and we expect the market to show strength going forward,” said Raj Prabhu, the CEO of Mercom Capital Group.
The government has imposed a basic customs duty of 40 per cent on solar modules and 25 per cent on solar cells with effect from April 1, 2022.
As per the report, Gujarat was the top state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan.
During the quarter, around 50 per cent of installations were in the industrial segment, followed by 35 per cent, 13 per cent, and 2 per cent in commercial, residential, and government segments, respectively.
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