PUBLISHER: TechSci Research | PRODUCT CODE: 1714376
PUBLISHER: TechSci Research | PRODUCT CODE: 1714376
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The Global Rooftop Solar EPC Market was valued at USD 16.32 billion in 2024 and is projected to reach USD 23.15 billion by 2030, expanding at a CAGR of 5.84%. This market encompasses the complete suite of Engineering, Procurement, and Construction services for rooftop solar photovoltaic (PV) systems across residential, commercial, industrial, and institutional sectors. EPC contractors play an essential role in facilitating solar adoption by overseeing every stage of a rooftop solar project-ranging from site assessment and system design to procurement, installation, and performance monitoring. The market is being driven by increased awareness of clean energy, government incentives, and the push for sustainable power generation. As countries aim for carbon neutrality, rooftop solar solutions are emerging as a scalable and accessible path to reduce carbon footprints and achieve energy independence.
Market Overview | |
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Forecast Period | 2026-2030 |
Market Size 2024 | USD 16.32 Billion |
Market Size 2030 | USD 23.15 Billion |
CAGR 2025-2030 | 5.84% |
Fastest Growing Segment | 10 to 50 kW |
Largest Market | North America |
Key Market Drivers
Government Policies and Incentives
Supportive government policies and incentives are crucial in accelerating the growth of the Rooftop Solar EPC Market. Worldwide, national and regional governments are promoting solar energy to meet long-term carbon neutrality targets. Notable examples include Switzerland's USD 636.3 million subsidy for solar expansion and the United States' Inflation Reduction Act, which provides generous tax credits to stimulate private solar investments. In India, various state-led programs offer financial support such as interest subsidies, tax benefits through accelerated depreciation, and GST rebates, making solar solutions more cost-effective. Moreover, policies like net metering, feed-in tariffs, and renewable energy mandates foster a conducive regulatory environment. These frameworks reduce investment risks and boost investor confidence, thus encouraging broader deployment of rooftop solar systems.
Key Market Challenges
High Upfront Costs and Financing Barriers
The high initial investment required for rooftop solar installations remains a significant obstacle, particularly for households and small enterprises. Although solar systems offer long-term savings and energy autonomy, the costs linked to procuring equipment, securing permits, and integrating with power grids can be prohibitively expensive. This challenge is compounded in developing or financially constrained regions where access to suitable financing models-such as low-interest loans, solar leasing, or government guarantees-is limited. Without these financial mechanisms, potential adopters may hesitate to invest, thereby slowing market growth despite the long-term benefits of rooftop solar.
Key Market Trends
Surge on Residential Rooftop Solar Installations Driven by Government Initiatives
Residential rooftop solar installations are witnessing significant growth, largely due to targeted government initiatives. A standout example is India's "Pradhan Mantri Surya Ghar: Muft Bijli Yojana," introduced in 2024 to deliver solar-powered electricity to one crore households, with benefits including 300 free units per month. The scheme's direct subsidies and concessional loans have substantially lowered entry barriers for residential users. Consequently, India added 3.2 GW of rooftop solar capacity in 2024-an 86% rise from the previous year-with residential users contributing 74% of this growth. States like Gujarat, Maharashtra, and Kerala are leading this transition, highlighting the critical role of policy-driven incentives in accelerating residential solar adoption and expanding opportunities for EPC providers.
In this report, the Global Rooftop Solar EPC Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Rooftop Solar EPC Market.
Global Rooftop Solar EPC Market report with the given Market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: