THE RESIDENTIAL ROOFTOP SOLAR ACCELERATOR

The Residential Rooftop Solar Accelerator is a lease-based financial instrument developed by Peacock Solar to increase the adoption of residential rooftop solar in smaller Indian cities by reducing upfront costs and operational barriers.

• As of March 2018, India had 2.5 GW of rooftop solar installations, primarily in the commercial and industrial sectors, while the residential market had only 0.5 GW installed despite a potential exceeding 60 GW.
• The instrument addresses market barriers—such as high upfront costs for customers and high acquisition costs and limited finance for developers—through a lease model featuring data-driven customer acquisition, standardized product configurations (limited to 1 or 2 options), and a mobile app to manage the sales cycle.
• To attract debt financiers, the proponent aims to reduce the payback period to 3-5 years, utilizing third-party credit assessments and stringent lease agreements to lower default rates.
• The pilot phase in Kota, Rajasthan, aimed to install 250 projects of 5 KW each by 2019, mobilizing US$ 1 million and saving up to 1600 tons of carbon emissions.
• At scale, the instrument targets the installation of 5 KW projects for 20,000 households by 2022, which would mobilize US$ 75 million and abate 130,000 tons of carbon emissions. If replicated by other companies, it could reach 500 MW of capacity, powering 100,000 homes and abating 640,000 tons of CO2 by 2022.

APA

Climate Policy Initiative (2018). THE RESIDENTIAL ROOFTOP SOLAR ACCELERATOR. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/The-Residential-Rooftop-Solar-Accelerator_Instrument-Overview.pdf

Chicago

Climate Policy Initiative. THE RESIDENTIAL ROOFTOP SOLAR ACCELERATOR. 2018. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/The-Residential-Rooftop-Solar-Accelerator_Instrument-Overview.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=THE RESIDENTIAL ROOFTOP SOLAR ACCELERATOR |date=2018 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/The-Residential-Rooftop-Solar-Accelerator_Instrument-Overview.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2018residential, author = {{Climate Policy Initiative}}, title = {{THE RESIDENTIAL ROOFTOP SOLAR ACCELERATOR}}, institution = {Climate Policy Initiative}, year = {2018}, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/The-Residential-Rooftop-Solar-Accelerator_Instrument-Overview.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }