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PM Surya Ghar rooftop solar scheme
What it is
India's residential rooftop solar programme, launched Feb 2024 with an outlay above Rs 75,000 cr, targeting 1 crore households by FY2026-27 and about 30 GW of added capacity. Subsidy is Rs 30,000/kW for the first 2 kW and Rs 18,000/kW for the third, capped at Rs 78,000
By mid-2026 roughly 40 lakh installations were done and Rs 22,750 cr disbursed, against a 75 lakh target for Dec 2026
Impact on industries
- The largest residential solar demand driver India has had - it converts a fragmented consumer market into a subsidised, portal-administered pipeline for module makers, installers and EPCs
- Pulls through modules, inverters, mounting structures, cables, meters and rooftop EPC labour, and ALMM sourcing rules direct that demand to domestic manufacturers
- Collateral-free lending through the JanSamarth portal has opened a new retail secured-lending product for banks and NBFCs
- Execution lags - about 16% of target was installed by mid-2025 - and rooftop generation erodes DISCOM revenue from the very consumers who cross-subsidise others