“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.