Suggested citation: IEA and CEEW. 2021. Unlocking the Economic Potential of Rooftop Solar PV in India. Paris: IEA
This report captures the insights of the workshop, ‘Unlocking the economic potential of rooftop solar energy in India’ conducted by the Council on Energy, Environment and Water (CEEW) and the International Energy Agency (IEA), in collaboration with the Ministry of New and Renewable Energy (MNRE) of India. It aims to answer the following six questions on the acceleration of rooftop solar (RTS) expansion in India, and outlines detailed policy options, business solutions, and administrative modifications for the rapid deployment of RTS.
1. How can DISCOMs benefit from the rapid deployment of RTS?
2. How can we make the current financial environment more conducive to the development of RTS?
3. How can we improve existing remuneration policies to attract more investment and balance the interests of consumers, DISCOMs and regulators?
4. How can other RTS support schemes be improved? What new policies can we introduce in India to achieve quick acceleration of RTS deployment?
5. How can we effectively encourage residential and small or medium-sized enterprise (SME) consumers to invest in RTS?
6. How can we adopt a holistic policy approach for all distributed energy resources (DERs) to maximise the value of RTS in combination with electric vehicles (EVs) and storage?
Here are six quick-effect solutions for the challenges outlined above. Most of these could accelerate the deployment of RTS in the next one to two years, and do not require the implementation of structural changes in central or state regulatory frameworks.