How To Start Solar Energy Business in India | Complete Guide

How To Start Solar Energy Business

This article is about How to Start Solar Energy Business in India. There are so many opportunities in Solar Energy Business. Every day new technologies are being invented in the field of solar in India. The government is also promoting solar equipment. It is obvious that people in rural areas have to face a lot of problems due to frequent power cuts and expensive electricity bills, along with people living in urban areas are troubled by the rising electricity prices and cuts.

Due to the increasing awareness and demand for solar panels, more and more people are choosing the solar panel business as a profitable business. The major advantage of this type of business is that despite the minimum investment required, the returns are very good. Here we are seeing a glimpse of the eco-friendly path for power generation through solar renewable energy panels. Nowadays it is not only rural but also in urban areas.

Although sustainable consumer information technology has simplified people’s complex lives through electronic and electrical products, India’s solar market is also set to be worth several billion dollars over the next decade.

The solar renewable energy industry has opened up new avenues for entrepreneurs, both small and large, due to dwindling resources and rising electricity supply prices for both domestic and commercial use. Not only this, industry franchises, vendors, and distributors have all created beneficial opportunities for them.

By installing a solar energy system, you can cut your electricity bill by up to 90%, which means that in the future, there can be big revenue in solar energy-related business.

Solar Energy Market –

According to the white paper published by the Indian Solar Producers Association in collaboration with KPMG, if the government supports the domestic solar equipment manufacturing industry, then it will have more than $ 1.1 billion in the next 10 years due to improved energy security, employment generation, and huge foreign exchange savings. Will benefit

It is true that the demand for various CDIT products in India has increased significantly due to growth in expendable income and technological advances, but the solar renewable energy industry is also expected to grow unexpectedly in the near future.

The awareness of solar energy among the people respectively has made solar energy a strong competitor of the economical and environment-friendly power source. Many indigenous and foreign solar energy brands in India have adopted the franchise path for aggressive India-wide expansion to achieve even greater returns.

Why are there business opportunities in solar 

We all know that India is a country where solar energy is abundant. Yet many people rely on solar power as an alternative to paying expensive electricity bills. With the increasing consumption and the increasing supply of solar energy, one thing is becoming very clear: Solar energy is probably going to become the most profitable business in the future. Constantly new technologies will be coming out in the solar energy industry.

The government of many states has put out bids for solar power projects, because of which solar energy products have great potential in the future. As a result, we are getting closer to a time when solar energy will be more and more acceptable. At the same time, you may be interested to know that the goal for solar electricity generation has been set at 20,000 megawatts by 2022. Therefore, there are many opportunities for growth in this business.

How to earn 

Many companies have come out to earn money in this field due to the increasing demand for solar energy. At the same time, there are some companies, which are not only earning money themselves but are also giving those people a chance to earn money. Let us tell you how people can make money by joining companies: –

By becoming a dealer or distributor

There are many big companies in the field of solar energy who are trying to connect people as dealers or distributors, but for these people who are thinking to join, they must have their own shop and GST number.

As Installer

Many companies associated with the solar business can also earn big money by becoming installers, but for this, it is necessary to have engineers or teams of 3-4 people to install all the solar products, including solar systems.

As a solar consultant

Companies associated with the solar sector are providing multiple earning opportunities for solar consultants. Provided that to become a solar consultant, it is necessary to have a motorcycle, laptop, smartphone.

On the other hand, if you also want to earn money in this field, then you too can start a solar business with big companies by investing 20 to 50 thousand rupees. Loom Solar is giving you the opportunity to become a solar dealer, solar stroller, and solar consultant.

How much business has grown in the last 5 years

The business of solar energy has seen a considerable increase in the last 4-5 years. At the same time, people are more attracted to the product made from solar energy than electricity. The work of solar energy has increased in every field. Let us tell you that many benefits have come from the installation of solar plates on the main roads of the village panchayats, irrigation system,s and solar plants on the roofs of the house.

At the same time, this business is very beneficial for SMEs due to the reduced cost of solar power generation. According to experts, 4 years ago, the Central Electricity Regulatory Commission fixed the tariff of solar energy at Rs 17.91 per unit and now it has come down to one-third. With this, solar energy businessmen can benefit from it.

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