India’s solar journey has been nothing short of remarkable. Over the past decade, our country has emerged as a global leader in renewable energy. With ambitious targets and rapid adoption of photo-voltaic panels, solar installations are reshaping energy consumption across businesses and households.
With supportive government policies, growing investments, and technological advancements, India is gaining an advantageous edge and offering a cleaner, cost-effective alternative to conventional power resources.
As we steadily strengthen our position on the global solar map, the question arises – How far have we come? And what does the future hold?
Through this blog, we explore how rooftop solar companies are driving India’s economic growth and powering the nation’s sustainable development goals.
India’s Solar Boom: Rooftop Solar Companies Powering Economic Growth
What would your answer be if someone asked you which striking change appears on the skyline of our country’s industrial areas? Does it appear dotted with PV panels to you as well?
The flourishing of India’s solar sector in the past few decades was driven by conglomerates and innovative start-ups. Rapid solar infrastructure expansion has catapulted our economy into the top 5 global leaders.
The solar market has surged, with residential and commercial installations contributing to the renewable energy share. This rapid expansion has created thousands of jobs and attracted substantial investments, spurring innovation and technological advancements.
By reducing reliance on fossil fuels, rooftop solar is helping India lower its carbon footprint, driving the country toward a more sustainable, greener future.
Local to Global: International Recognition for Indian Solar Industry
We embarked on the road to solar with Jawaharlal Nehru National Solar Mission in 2010; and evolved from a local initiative to a global powerhouse in precisely 15 years.
By FY 2024, rooftop solar companies exported approximately 2 billion USD worth of PV modules, marking a 23-fold increase from FY 2022. The heightened demand from the US accounts for almost 97% of total exports.
The International Solar Alliance, headquartered in India, promotes solar energy, with 120 members collaborating in solar power development. India’s commitment to sustainable energy is evident in the National Solar Mission, which formulates the newest strategies and principles for robust infrastructure development using available resources.
Solar Powered Industry: Rooftop Solutions Strengthening Factories & MSMEs
A report published by MNRE says that the solar segment in India has grown by over 60% in the last two years. Conglomerates like Infosys and Coca-Cola have already adopted solar solutions. Tata Motors’ solar installation at its Pune plant is one of the largest in India, generating over 16 megawatts of power.
The MSME sector, contributing around 30% to India’s GDP and employing over 150 million people, stands to gain substantially from adopting rooftop solar.
The 919.73 kilowatt-peak solar plant in Falta, WB, and the increasing number of airports embracing solar power account for a 15% hike in the nation’s total capacity.
The Road Ahead: India’s Solar Vision for 2030 and Beyond
To follow up on the target of achieving 500GW renewable energy capacity by 2030, the Solar Energy Corporation of India has announced plans to invest about $ 2.16B in non-conventional projects. It is considering an initial public offering to support the rooftop solar companies.
These efforts align with India’s commitment to sourcing about 50% of its cumulative electricity from non-fossil fuel-based energy resources. As of January 2025, India’s renewable energy capacity has crossed 200 GW, with solar energy accounting for 90.76 GW.
Realising the Dream for an Energy-Independent India: Nimbus Solar Solutions
As one of the leading rooftop solar companies, we share the responsibility of driving India’s steady shift toward self-sufficiency in power generation. A future powered by solar isn’t just a vision — it is a reality in the making, paving the way for an energy-independent nation.
