Solar Panel Business Plan In India

How to start a solar business in india.

Solar panel business plan in india.

Not only in this business but any business you start needs. Apart from the fresh panel installation you can also offer to repair service also. So we are here to let you know the steps to start solar energy business in india. In starting a solar panel installation business you must have sufficient knowledge and technical skill.

Make a business plan. The business is very profitable and it ensures a lucrative revenue also. As a company navitas solar aims to embark on a strategic plan to build its business in solar energy. Of india mnre latest guidelines state that now anyone can generate electricity through solar power system and surplus electricity can be export through net metering system.

The installation of net metering at the site will connect it to grid via state. Background clean energy is the need of today 39 s world. Fossil fuels are at its end stage and these fuels creating environmental problems like global. Is solar business profitable.

And they plan to achieve this by manufacturing state of the art monocrystalline and multi crystalline solar pv modules that supply sustainable solar electric power to both on grid and off grid residential commercial and industrial establishments. This can cover twenty million square meters of area for collecting solar energy. Most of the new entrepreneurs may not know the procedure for starting a solar energy business in india. About 5 000 trillion kwh per year energy is incident over india s land area with most parts receiving 4 7 kwh per sq.

Solar energy business profitability is like at the top position at present and this will stay there in future also. Once you re done without your research it s time to make a business plan for your. In india the main government aid or initiative was taken in the field of solar energy production and business is the jawaharlal nehru national solar mission jnnsm which aims at producing 20 thousands megawatt of solar energy by the end of 2022. India is endowed with vast solar energy potential.

Before diving into business opportunities in the solar industry let us first understand the profitability aspect of solar business in india. Today anyone can set up a solar power plant with a capacity of 1kw to 1mw on your land or rooftop spaces. Bp s solar ambitions are carried out through lightsource bp a joint venture formed in 2018 between bp and lightsource renewable energy. Bp moves at lightning speed bernard looney bp.