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<p>In India, the rooftop solar sector is still in its early stages but with a lot of room to grow. Within the past two years, cumulative installations have reached around 850 MW (as of March 2017), according Mercom’s recently released <a href="http://store.mercom.mercomcapital.com/product/q1-2017-india-solar-market-report/" target="_blank" rel="noopener noreferrer">Q1 2017 India Solar Market Update</a>.</p>
<p>Currently most of the rooftop installations are in the commercial, industrial and government segments. A total of 162 MW of rooftop solar was tendered and 47.5 MW auctioned in Q1 2017.</p>
<p>Accelerated depreciation (AD) rates came down from <a href="https://mercomindia.com/mercom-exclusive-elimination-key-subsidies-adds-challenges-faced-rooftop-solar-india/" target="_blank" rel="noopener noreferrer">80 percent to 40 percent</a> starting April 1, 2017. The 10-year income tax holiday under section 80-IA was not reinstated in the recent budget and ended on March 31, 2017. These were the most important incentives driving rooftop solar.</p>
<p>Only Tata Power Solar has installed over 100 MW in rooftop installations. The top 5 companies accounted for 39 percent of rooftop market share and the top 20 companies accounted for almost 80 percent of all rooftop installations as of Q1 2017.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2017/07/Top_5_Rooftop_Installers_in_India.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-5801" src="https://mercomindia.com/wp-content/uploads/2017/07/Top_5_Rooftop_Installers_in_India.png" alt="" width="206" height="275" /></a></p>
<p style="text-align: center;"><a href="http://store.mercom.mercomcapital.com/product/q1-2017-india-solar-market-report/" target="_blank" rel="noopener noreferrer">Source: Mercom India Q1 Solar Market Update</a></p>
<p>Tata Power has 14 percent of the market share and is by far the largest rooftop installer. CleanMax, Vikram Solar, and Harsha Abacus were other leading rooftop installers in the solar sector. Except for the top two installers, the difference between others is very small and will see a lot of jostling on the leaderboard as we move through the rest of the year. Only 10 MW separates the 6<sup>th</sup> largest developer and the 20<sup>th</sup> and a few big commercial projects can make a difference in where the companies are positioned.</p>
<p>The Indian Railways, Airports Authority of India and the various port trusts are helping drive the rooftop solar sector forward. The Ministry of New and Renewable Energy (MNRE) <a href="https://mercomindia.com/mnre-exempts-solar-rooftop-materials-equipment-customs-excise-duty/" target="_blank" rel="noopener noreferrer">recently exempted</a> solar rooftop materials and equipment utilized for rooftop solar projects (grid-connected) from customs and excise duty.</p>
<p>However, recent <a href="https://mercomindia.com/records-keep-falling-bhadla-solar-park-auctions-tariff-breaches-rs-2-50-0-038kwh-500-mw-phase-iii-solar-park-auction/" target="_blank" rel="noopener noreferrer">steep declines</a> in large-scale solar project tariffs from reverse auctions are expected to put pressure on the rooftop sector in the short-term.</p>
<p>Complete list of developers, with market share percentages, and MW installed is available in our <a href="http://store.mercom.mercomcapital.com/product/q1-2017-india-solar-market-report/" target="_blank" rel="noopener noreferrer">Q1 India Solar Market Update</a> or through our custom research services.</p>
<p><em>Image Credits: World Bank</em></p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/priya-sanjay/" class="vcard author" rel="author"><span class="fn">Priya Sanjay</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Priya Sanjay,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/priya-sanjay/" target="_blank" rel="noopener">More articles from Priya Sanjay.</a></p>
</div>
<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" alt="Wendy Prabhu" />Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. <a href="https://mercomindia.com/author/priya-sanjay/">More articles from Priya Sanjay.</a></div>
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Here Are the Top Solar Rooftop Installers in India as of Q1 2017

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