India’s rooftop solar revolution is in full swing. On April 15, 2025, Shreya Mishra, CEO of SolarSquare, revealed that every 45 days, 1 lakh homes in India are switching to solar power. This rapid shift is driven by rising electricity costs and supportive government schemes. Here’s what’s fueling this trend and what it means.
A Solar Boom
The numbers are striking. “One statistic that really shows this transformation is the amount of time taken for 1 lakh homes to adopt solar energy in India,” said Shreya Mishra, CEO & Co-founder of SolarSquare. That’s 1 lakh homes every 45 days. SolarSquare, a Mumbai-based rooftop solar company, has seen this firsthand since shifting to residential solar in 2021. The company now operates in 60 cities, per its LinkedIn page.
Why the Switch?
Several factors are driving this surge. Electricity costs are climbing, and households are using more power due to lifestyle changes and heatwaves. Solar offers a cheaper, cleaner alternative. “Consumers are embracing solar due to increasing awareness, rising electricity costs, and increasing electricity consumption,” Mishra noted. Government schemes like the Pradhan Mantri Surya Ghar Yojana (PMSGY) are also helping, offering subsidies to make solar affordable.
Key Highlights
- Adoption Rate: 1 lakh homes switch to solar every 45 days.
- Capacity: 3.2 GW of residential rooftop solar installed by March 2024.
- Growth: Up from 16% to 27% of total rooftop solar in a year.
- SolarSquare Reach: Operates in 60 cities across India.
The Numbers Add Up
India’s residential rooftop solar capacity hit 3.2 GW by March 2024, per an IEEFA report. That’s 27% of the country’s total rooftop solar, up from 16% the previous year. SolarSquare, founded by Shreya Mishra, Neeraj Jain, and Nikhil Nahar in 2015, is riding this wave. The company’s vision is clear: “Make clean energy affordable and accessible,” as stated on solarsquare.in.
Challenges Ahead
Going solar isn’t always easy. Upfront costs can be high, though subsidies help. Not every home has the space or sunlight for panels. Plus, awareness is still growing in rural areas. But companies like SolarSquare are simplifying the process. They offer hassle-free installations and tech like WindPro Mount™ structures, ensuring durability.
The Bigger Picture
India’s solar push is part of a larger goal. The country aims for 500 GW of non-fossil fuel capacity by 2030. Rooftop solar plays a big role, especially for homes. An IBEF report says India’s renewable capacity hit 125.15 GW in FY23, with solar expected to lead at 280 GW by 2030. This residential boom—1 lakh homes every 45 days—shows people are ready to go green.
India’s solar story is shining brighter than ever. With 1 lakh homes switching every 45 days, the country is harnessing the sun to power its future. SolarSquare and others are making it happen, one rooftop at a time.
