1. Home
  2. India
  3. PM Surya Ghar Scheme to Drive Rooftop Solar Installations to 4 Million by 2026 – EQ
PM Surya Ghar Scheme to Drive Rooftop Solar Installations to 4 Million by 2026 – EQ

PM Surya Ghar Scheme to Drive Rooftop Solar Installations to 4 Million by 2026 – EQ

0
0

In Short : Rooftop solar installations in India are projected to double to 4 million by March 2026, driven by the PM Surya Ghar: Muft Bijli Yojana. The scheme, offering subsidies and incentives for households, is boosting adoption of clean energy. This expansion is expected to lower electricity costs, cut carbon emissions, and accelerate India’s renewable energy transition.

In Detail : India’s rooftop solar sector is poised for a major leap, with installations expected to double to 4 million by March 2026. This growth is being powered by the PM Surya Ghar: Muft Bijli Yojana, which has created fresh momentum for households to adopt solar energy. The program combines subsidies, financial support, and awareness drives.

The scheme aims to make rooftop solar more affordable for middle- and lower-income households. By reducing the upfront cost of installation through subsidies, it ensures that families can access clean electricity at minimal expense. This democratization of solar energy adoption is reshaping India’s energy landscape.

Consumers stand to benefit significantly from rooftop solar adoption. Lower monthly electricity bills, reliable power supply, and reduced dependence on the grid are major advantages. In rural and semi-urban areas, where grid power can be unstable, rooftop solar ensures greater energy security.

The government has also ensured easy financing for households opting for solar panels. Partnerships with banks and financial institutions are making loans accessible at concessional rates. This financial push is expected to accelerate demand and improve adoption across diverse regions.

The initiative is closely linked to India’s climate and renewable energy goals. Widespread rooftop solar deployment will reduce dependence on fossil fuels and cut carbon emissions. It will also bring the country closer to its target of achieving 500 GW of non-fossil fuel capacity by 2030.

State governments and distribution companies are playing a crucial role in implementing the scheme. They are facilitating approvals, simplifying processes, and creating awareness among consumers. Their cooperation is vital for meeting the ambitious installation target within the given timeframe.

Private players in the solar industry are also benefitting from this surge in demand. Manufacturers, installers, and service providers are witnessing growth opportunities as more households embrace rooftop solar. This, in turn, is generating employment across the clean energy supply chain.

Experts believe that scaling up rooftop solar will reduce stress on India’s power grid. By enabling households to generate their own electricity, peak demand pressures can be lowered. This decentralization of energy production strengthens overall energy security and resilience.

With the PM Surya Ghar scheme providing strong policy backing, rooftop solar is set to become a household reality across India. The doubling of installations by 2026 will not only empower families but also mark a decisive step toward a cleaner, greener, and more self-reliant energy future.

Anand Gupta Editor - EQ Int'l Media Network