Bold policy reforms and decisive financial support are essential to fast-tracking solar adoption in India, starting with robust policy measures and targeted financial incentives. Introducing subsidies, tax rebates, and accelerated depreciation can make solar energy more affordable for C&I businesses, driving both economic and environmental progress.
Streamlining land acquisition, regulatory approvals, and open access processes is equally important to minimise delays and simplify project execution. A standardised net metering policy across states would empower businesses to sell surplus solar power back to the grid, ensuring better financial returns.
Expanding the ALMMs to include more suppliers until domestic capacity strengthens is vital to maintaining access to high-quality, cost-effective solutions. Additionally, bringing electricity under the GST framework and enabling input tax credits would significantly reduce costs, foster investment, and accelerate the growth of India’s renewable energy sector.