Maharashtra State Electricity Distribution Company Limited (MSEDCL) has proposed changes in the Time-of-Day (ToD) tariff from current ToDs. These proposed changes are creating concerns among current consumers of renewable energy power along with those who are planning to set up solar & other renewable energy power investments in the state. These new changes bring financial, regulatory, and investment challenges. The proposed changes will also have a ripple effect on the budding solar industry in Maharashtra. Commercial & Industrial (C&I) segments have been facing increased energy costs for the past couple of years. If we add up reduced solar incentives per unit, then the C&I segment will have to bear higher costs of electricity in their future energy bills. This article discusses the concerns of C&I consumers and industry stakeholders.