In the fourth quarter (Q4) of 2022, 483 megawatts (MW) of rooftop solar was added, almost a 51% increase quarter-over-quarter (QoQ). Installations were up 20% year-over-year (YoY).

About 42% of installations during the year were in the industrial segment, while residential, commercial, and government represented 32%, 25%, and 1%, respectively.

In calendar year (CY) 2022, India added 1.6 GW of rooftop solar, down almost 4% compared to 1.7 GW installed in 2021, according to the newly released report, 2022 Q4 & Annual Mercom India Rooftop Solar Market Report, by Mercom India Research.

In the fourth quarter (Q4) of 2022, 483 megawatts (MW) of rooftop solar was added, almost a 51% increase quarter-over-quarter (QoQ). Installations were up 20% year-over-year (YoY).

About 42% of installations during the year were in the industrial segment, while residential, commercial, and government represented 32%, 25%, and 1%, respectively.

“2022 was a lost opportunity for the rooftop solar market in India, affected by policy challenges restricting supply and impacting the cost of modules. Despite the hurdles, installations were almost on pace with the previous year. Strong fundamentals continued to drive installations in the commercial and industrial segments. We expect growth to resume in 2023 as pricing and supply challenges moderate,” said Raj Prabhu, CEO of Mercom Capital Group.