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Be the Solar Expert & Start Your Own Solar Business

A small investment may help in an income over Rs 1 lakh in a month*

There have been increased global discussions on climate change & sustainability that are gaining momentum with many countries & organisations confirming a reduction in carbon footprint.

Lots of actions around harnessing renewable energy have been piloted and research in many cases is in mid to advanced stages

In 2020, an unprecedented scenario because of Covid 19 played a significant role, impacting many businesses and acted as catalyst for many too. The Aatmanirbhar Bharat campaign also picked up many folds with many new & innovative businesses gaining real momentum.

Besides pharma, insurance, online education, OTT, telecom, healthcare etc.; many large-scale businesses gained heavy consumption. During the same time the subject of ESG (Environmental, Social & Governance) also became a much-voiced subject across all strategic interactions nationally or internationally.

The amalgamation of the global pandemic & the call for Atmanirbhar Bharat also fast tracked and created many avenues for many people who were wanting to start their own business but were not so sure, however in 2020 few took calculated risks and began with smaller investments and within limitations of their knowledge, experience and skills. 

While there have been many opportunities for people who want to step up and are thinking of starting their own, solar business is one which has been one of the preferred choices.

Solar business is here to stay as the demand of energy consumption per person is going to increase and at the same time the per unit charges by the electrical energy companies are continuing to increase.  Further, many cities esp. the smart cities and the next level cities and towns are also looking at utilizing the rooftops solar energy generation and there are related policies in place. These further create very large scope for the solar business.

As the shift to solar energy as the primary source of electricity is in its nascent stage in India, the opportunity is indeed very big for many years to come. One can judge from the scope of its installation on the rooftops of independent residences, residential societies, factories, institutions, schools, commercial buildings, religious places, hospitals, malls, hotels etc.

How to Start Solar Business?

Prior to starting, you need to understand the various opportunities within the Solar business:  

• Start as a Solar Dealer
• Upgrade to Solar Distributor

Start as Solar Installer / system integrator/ EPC contractor

• Initiate as Solar Service Centre
• Begin Solar Panel Manufacturing
• Be a Project Developer
• Be a Solar Influencer  

While you may explore more underneath, on each of the above opportunities, some basic knowledge and understanding needs to be gained: 

Basic working Technical knowledge

Loom Solar conducts a online learning session for this on every Saturday at 10-11 AM. You can join via mobile phone / laptop through this link:  https://www.loomsolar.com/blogs/collections/learn-solar-with-loom-solar  

Acquire right set of skills or have skilled team

Either you must have basic understanding of electrical connectivity or have an electrician to be part of your business

An installer to ascertain the surface, roof, wall, factory shed, ground etc and the use of appropriate structure + alignment of solar panels and other equipment etc.

1. Solar Dealership Business

If you are looking at higher returns on lesser investment, you may look at starting a solar dealership business from your home or from shop

2. Solar Distributor Business

In case you are already into some other business and are still interested in picking up another business opportunity, you may choose, to take either the dealership or distributorship to start a new venture

3. Solar Installer / System Integrator/ EPC Contractor

In case you are an electrician and know the house wiring, AC connectivity, have the knowledge of Inverters and batteries, then you may opt for Solar Installer / system integrator/ EPC contractor .

4. Solar Service Center

In case you are more inclined towards servicing only, you may get suitable understanding by associating with a solar company. Remember with the pace at which the installations are happening, though there is limited care needed, but with the volume, this is going to be an interesting earning opportunity.

5. Solar Panel Manufacturer

Solar Power System installation needs many components like solar panel, inverter battery, panel stand, wire, DC distribution box etc. In case you are interested in B2B business, you may start manufacturing solar panels. To install a solar panel manufacturing plant, you may need an investment of Rs 4 to 5 crores (minimum) and to have the business as profitable, you need to have about 10 customers with whom the business operations can run smoothly.

6. Solar Project Developer

Within the solar industry there are interesting opportunities of turnkey and bigger projects that include private & government projects or tenders. This opportunity needs a deeper understanding of managing the end-to-end project working capabilities.

7. Solar Influencer

This gives the opportunity to be a solar influencer without having any direct investment in solar business. However, it needs an understanding of solar business and more importantly the knowledge and working understanding of digital & social engagement. 

How to Choose the Solar Company for doing Business?

As illustrated above, there are various opportunities to explore. Loom Solar is one such organization that has been introducing the latest and best technology products to the Indian market. Innovation and simplification is at its core when it comes to solar technology. Loom Solar is Faridabad, Haryana based organization, that started its India operations in the year 2018 and has been pioneering the home solar category needs with the latest technologically advanced products also ensuring the home delivery with simplified installation practices. With over 60,000 households across India and over 2500 resellers, Loom Solar is the best choice in solar powered energy systems.

Some more interesting facts

The solar business in India is growing at more than 3 times the pace. Many of the resellers who initiated the engagement with Loom Solar as dealer have now upgraded to distributor of their district and many who initiated their journey as influencers have now taken the installer practice and have started earning more than double.  It's time to shake hands with Loom Solar and step into the solar powered world.

90 comments

ashok k August 01, 2024 at 18:05pm

want to install solar on grid system

Amit May 14, 2024 at 11:43am

I want to start the business, I am from Mumbai. please advice +919049354307

Raghunatha March 19, 2024 at 16:34pm

Hi I want to start a startup.

MARTINS LUTHOR March 13, 2024 at 18:59pm

Coinfx market is a big scam broker, i paid a huge amount of $70,000, they persuaded me, into putting more of my hard earned money with all hope to get profits in return, they won’t allow me to make a withdrawal of my investment, all because all they wanted is to steal my money, i got advised to file a refund case against them, which to my greatest surprise i was able to withdraw my money, i contacted a recovery expert { [email protected] } and his team of recovery experts, they where able to assist me with the withdrawal of my money, and restore my funds, they are very responsive, and you can reach out to him for help also, i know am not the only one who has fallen victim, people out there might also need this information!!

MARTINS LUTHOR March 13, 2024 at 18:57pm

Coinfx market is a big scam broker, i paid a huge amount of $70,000, they persuaded me, into putting more of my hard earned money with all hope to get profits in return, they won’t allow me to make a withdrawal of my investment, all because all they wanted is to steal my money, i got advised to file a refund case against them, which to my greatest surprise i was able to withdraw my money, i contacted a recovery expert { [email protected] } and his team of recovery experts, they where able to assist me with the withdrawal of my money, and restore my funds, they are very responsive, and you can reach out to him for help also, i know am not the only one who has fallen victim, people out there might also need this information!!!

Surya Prakash February 23, 2024 at 15:56pm

I am ready to start the solar panel business.

Please advice,

Surya Prakash.K

Suresh Babu October 17, 2023 at 18:52pm

I am interested to start this business kindly advise

Partha sarathi Ghosh September 14, 2023 at 15:01pm

Faroque Ahmed May 27, 2023 at 00:56am

I want to start this business…

Navnath rambhau zine April 27, 2023 at 16:13pm

I want to start dealership business in this field,so please give me information about solar industry

Srinibash Mohapatra September 30, 2022 at 12:26pm

Pranam! Jay hind! I am a marine Ch. Engr/ Superintendent from Bhubaneswar, Odisha. Would like to request your advices/ guidances-how to go ahead, to start with a minimum investment & later to xpand. Would be grateful to have a detailed discussions with your rep. Namaskar! My contact no. +919937839499. Jay Bharat!

Sampathkumar September 27, 2022 at 17:22pm

I am salem I am interested pls share details

N K Batta September 08, 2022 at 10:41am

I am an electrical engineer and worked in senior position in major oil& gas psu. Now I am interested in starting my own business/ consultancy in solar power system in Ahmedabad. I need your assistance in exploring the best opportunities in this sector in Gujarat.

Sede jax September 04, 2022 at 22:06pm

I’m from Nagaland I would like to open a franchise here. Share me complete information on 9862409855

Shubham Sharma August 11, 2022 at 17:16pm

Hello this is Shubham Sharma From Madhya Pradesh India, Mobile No. +918878757173, +919144384334, I also want to start work with you, if there is some requirment like district co-ordinator or block lavel distributor You Can Call me.

mohammad moin July 12, 2022 at 18:40pm

am interested in this business am from vijawada,AP. call me 9000392514

Jersey D. Gomid July 04, 2022 at 17:49pm

Hi! I was reading you article and I’m interested in doing Solar Panel Business with you. However I’m in the Philippines. Will it be possible?

Javed Siddiqui June 09, 2022 at 12:23pm

Hello, I’m from Prayagraj, Uttarpradesh, I am interested in this business, can you please guide me, thank you. My Mobile number – 9323098126

Navneet Gaur May 23, 2022 at 00:32am

Myself a Delhi University official looking for my elder son dynamic future in business knowing well my childhood chum as land developer & cement dump holder are far better than, as compared to me. I want my son with dynamic groth and golden future.Hoping your precious time & direction.

M Ramana May 07, 2022 at 13:30pm

Hi I am Basically Electrician, and i have group of electricians to work in the business, let details please, I am from Hyderabad, Isnapur region, my ph-9490758635

Raghuveer T February 22, 2022 at 20:18pm

Hi Iam from Hyderabad, I am interested in this business, can you please guide me, thank you.

Satbir singh February 22, 2022 at 17:05pm

I want start solar business/consultancy solution.so place suggest me how to start plz contact 7888984784

Tikayat Ray February 11, 2022 at 13:25pm

Appreciate your web page. Interested in starting franchise in solar panel/ accessories. Would like to know relevant information pertaining to same including but not limited to minimum investment, your guidance etc. Do please send me your reply in my email.

Nitish Kumar January 25, 2022 at 23:40pm

I want dealership. Please guide us. Contacts number -9993827275

Narendra Kumar Ahuja January 08, 2022 at 21:33pm

I have knowledge of solar panels and provide training on it. How can I start a solar business without any investment but with only my efforts?

JYOTISH . S. BHATTACHARYA January 02, 2022 at 12:23pm

I am residing at Virar , Maharashtra. Basically i am interested in Dealership. Needs trainning for that. Maximum i can invest 1 lack only. please advise. jsb 7574858110 7021387959

Goutam Das December 25, 2021 at 23:32pm

Interesting. I am from West Bengal and wish to start a business on Solar Pannel. Would like to be associated.

CHANDAN P December 04, 2021 at 16:58pm

Sriranga Damodar November 28, 2021 at 08:34am

Good morning sir I’m Sriranga Damodar from Trichy Tamilnadu Interested in solar system business I want to start business Regards

Mangharam Choudhary November 18, 2021 at 21:29pm

Buisness for distribution

sidhanta November 02, 2021 at 06:51am

Hi, I am from Odisha. This article is very helpful brother. so nice Grate Job bro

Jaikishan Rai October 17, 2021 at 23:25pm

Hi, I want to become a EPC contractor in Delhi NCR region. Kindly assist me. 8285045031

Amidu hameed October 14, 2021 at 21:58pm

I have a lot of land here in Nigeria where you can set your business and earn a lot because of the bad electricity here

Keerthi Nandigam October 13, 2021 at 08:24am

Hi, Your website looks impressive and I’m interested in setting up a dealership with you guys in Andhra Pradesh. Kindly contact-630286019

jithin.u October 07, 2021 at 15:12pm

intrested instalation becuase i am an elecrician how to start

Sujit Rajan October 01, 2021 at 09:13am

Sir, I want to start a solar business in Kerala. Kindly advise.

Madhusudan Kabra September 20, 2021 at 09:27am

Interested in solar panel manufacturing and distributorship. Can you help. Want to cater to eastern india needs

Bhushan September 19, 2021 at 20:10pm

Looking for start solar panels business as a production unit. Will you people help me in that

Khuzaima Chhatriwala September 12, 2021 at 16:48pm

Interested in solar dealership business

Bhavin September 04, 2021 at 14:54pm

I am completely new to this, but I am interested in solar technology. I am more over interested in manufacturing or distributorship

Zainudheen K September 04, 2021 at 08:01am

Sir, I would like to start a dealership/distribution for Solar Energy in Kerala. Please assist me, Thank you Mobile# 7034581669

Rajendra thosar September 02, 2021 at 17:53pm

Interested solar system business I want to start business

Dulari August 31, 2021 at 23:35pm

I am interested in solar business and want to know more about it.

Uvan Suresh Kumar August 31, 2021 at 16:56pm

Pls send me details to contact officials in Chennai . Regarding set up and installation of commercial solar project , dealership and distribution .

Subhash simepurushkar August 30, 2021 at 12:10pm

Interested in dealership

PRASHANT SHELKE August 26, 2021 at 18:57pm

UTKARSH YADAV August 23, 2021 at 00:41am

Want to start solar business. Please contact 9208617320

Leave a comment

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How To Start a Solar Panel Business – Complete Guide

• March 3, 2024
• by Next What Business Research Team

The demand for solar panels has witnessed significant growth in recent years globally. Starting a solar panel business can be a lucrative venture in India. However, it requires careful planning, knowledge of the industry, and an understanding of regulatory requirements to be successful. This detailed guide will walk you through the steps involved in starting a solar panel business.

Is the Solar Panel Business Profitable in India?

Yes, the solar panel business can be profitable in India due to several factors:

⇒ Government Support

The Indian government has introduced various initiatives and incentives to promote solar energy, such as subsidies, tax benefits, and favourable policies. These measures aim to encourage the adoption of solar power and make it financially viable for consumers and businesses.

⇒ Increasing Demand

There is a growing demand for solar panels in India driven by factors like rising energy costs, environmental concerns, and the need for energy independence. As awareness about renewable energy sources grows, more consumers and businesses are opting for solar panels to reduce their carbon footprint and lower energy bills.

Read:   Best Solar Business Ideas

⇒ Declining Costs

The cost of solar panels has significantly decreased over the years due to advancements in technology, increased production capacity, and economies of scale. This reduction in costs has made solar panels more affordable and attractive to a wider range of customers, further driving demand.

⇒ Favourable Market Conditions

India has abundant solar resources, making it an ideal market for solar panel businesses. Additionally, the government’s commitment to increasing renewable energy capacity and meeting ambitious targets for solar power generation creates a conducive environment for businesses in the solar energy sector.

⇒ Long-Term Investment

Solar panels have a long lifespan (typically 25 years or more) and require minimal maintenance, making them a lucrative long-term investment for consumers and businesses. Once installed, solar panels can provide a steady stream of income through electricity generation or savings on energy bills, contributing to the profitability of the business.

⇒ Technological Advancements

Ongoing advancements in solar panel technology, such as improvements in efficiency, durability, and energy storage, enhance the value proposition of solar panels. Businesses that offer innovative and high-quality solar panel solutions can capitalize on these advancements to attract customers and stay competitive in the market.

12 Steps to Start a Solar Panel Business in India

1. research the market.

Before diving into the solar panel business, conduct thorough market research to understand the demand for solar panels in different regions of India. Identify potential customers such as residential homeowners, commercial establishments, and government agencies looking to adopt solar energy solutions.

2. Gain Industry Knowledge

Familiarize yourself with the solar energy industry, including the types of solar panels available, their specifications, pricing, and installation requirements. Stay updated with the latest advancements in solar technology and industry trends to offer competitive products and services.

Read:   Best Online Solar Energy Courses

3. Develop a Business Plan

Create a comprehensive business plan outlining your objectives, target market, marketing strategies, financial projections, and operational plan. Determine your business structure, whether you want to operate as a solar panel retailer, distributor, installer, or manufacturer.

4. Obtain Necessary Licenses and Permits

Depending on your business model and location, you may need to obtain various licenses and permits from local authorities and regulatory bodies. These may include business registration, GST registration, electrical contractor license (if offering installation services), and approvals from state electricity boards.

5. Source Quality Products

Partner with reputable solar panel manufacturers or distributors to source high-quality solar panels and related equipment. Ensure that the products meet relevant quality standards and certifications such as MNRE (Ministry of New and Renewable Energy) certification for subsidy eligibility.

6. Establish Supplier Relationships

Build strong relationships with suppliers to negotiate favourable pricing, secure timely deliveries, and access technical support and product warranties. Consider partnering with multiple suppliers to diversify your product offerings and mitigate supply chain risks.

7. Set Up Installation Services (if applicable)

If offering solar panel installation services, hire qualified technicians or engineers with experience in solar PV system installation and commissioning. Invest in training programs to ensure your team is equipped to handle various installation projects efficiently and safely.

8. Develop Marketing and Sales Strategies

Create a robust marketing plan to promote your solar panel business through online and offline channels. Utilize digital marketing techniques such as website optimization, social media marketing, content marketing, and search engine advertising to reach your target audience effectively.

9. Offer Financing Options

Explore financing options such as solar loans, leasing, or power purchase agreements (PPAs) to make solar panel installations more accessible to customers. Partner with financial institutions or solar financing companies to offer attractive financing packages to your customers.

Read:   Best Business Loans in India

10. Ensure Compliance and Safety

Adhere to all relevant safety standards and guidelines while installing solar panels to ensure the safety of your customers and employees. Educate your team on safety protocols and provide them with necessary personal protective equipment (PPE) and tools.

11. Provide After-Sales Support

Offer excellent after-sales support and maintenance services to your customers to build trust and loyalty. Provide warranties on products and installations and have a dedicated customer support team to address any inquiries or issues promptly.

12. Stay Updated with Regulations and Incentives

Keep yourself updated with government regulations, policies, and incentives related to solar energy in India. Stay informed about subsidies, tax incentives, and net metering policies that can benefit your customers and make your offerings more attractive.

Conclusion: Starting a solar panel business in India requires meticulous planning, industry knowledge, and a customer-centric approach. By following these steps and staying committed to quality and customer satisfaction, you can establish a successful and sustainable solar panel business in India’s rapidly growing renewable energy market.

Frequently Asked Questions

Do i need any specific qualifications or certifications to start a solar panel business in india.

While there are no specific educational qualifications required to start a solar panel business, knowing solar energy systems and relevant certifications can be beneficial. Certifications such as MNRE certification for subsidy eligibility and an electrical contractor license for installation services may be necessary depending on your business model.

How much capital do I need to start a solar panel business in India?

The capital required to start a solar panel business in India can vary depending on factors such as business model, scale of operations, inventory costs, and marketing expenses. It is advisable to create a detailed business plan and conduct a thorough cost analysis to determine your capital requirements.

What are the key factors to consider when selecting solar panel suppliers for my business?

When selecting solar panel suppliers, consider factors such as product quality, reliability, pricing, warranty terms, technical support, and product certifications. It’s essential to partner with reputable suppliers who offer high-quality products and excellent customer service.

What are the government incentives available for promoting solar energy adoption in India?

The Indian government offers various incentives and subsidies to promote solar energy adoption, including subsidies for rooftop solar installations, tax incentives, and net metering policies. It’s essential to stay updated with government regulations and incentives relevant to your business to leverage these benefits for your customers.

How can I ensure the safety and quality of solar panel installations carried out by my business?

Ensuring the safety and quality of solar panel installations is crucial for your business’s reputation and customer satisfaction. Hire qualified technicians or engineers with experience in solar PV system installation, provide comprehensive training on safety protocols and best practices, and adhere to relevant safety standards and guidelines.

What are the common challenges faced by solar panel businesses in India?

Some common challenges faced by solar panel businesses in India include regulatory hurdles, supply chain disruptions, competition from unorganized players, fluctuating raw material prices, and customer education about solar energy benefits and installations. It’s essential to address these challenges proactively through strategic planning and adaptability.

How can I market my solar panel business effectively to attract customers?

To market your solar panel business effectively, utilize a mix of online and offline marketing channels such as digital marketing, social media, content marketing, networking events, industry exhibitions, and partnerships with local businesses. Highlight your unique selling points, such as product quality, expertise, and customer service, to attract customers.

Is there a growing demand for solar panels in India?

Yes, there is a growing demand for solar panels in India due to increasing awareness of renewable energy, government incentives, declining solar panel costs, and environmental sustainability initiatives. The Indian solar energy market is expected to continue growing in the coming years, presenting lucrative opportunities for businesses in the solar industry.

What are the prospects for the solar panel business in India?

The prospects for the solar panel business in India are promising, given the country’s ambitious renewable energy targets, supportive government policies, technological advancements, and growing environmental consciousness among consumers. With the increasing focus on sustainability and clean energy solutions, the demand for solar panels is expected to rise, creating opportunities for business growth and expansion.

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How to start a solar business in india – become a servotech solar distributor/dealer.

Diving into the solar energy business in India can be rewarding given the nation’s increasing emphasis on renewable energy. As the world moves towards sustainable practices, India stands at the forefront, promoting solar power as a key element in its energy mix. Initiatives like the National Solar Mission and various subsidy programs have created fertile ground for entrepreneurs and businesses seeking to thrive in the solar energy sector. If you’re planning to start your solar energy business, here’s a blog on how you can kickstart and flourish in the solar energy business landscape in India.

Understanding the Solar Business

A solar business is a business enterprise or industry related to solar energy, particularly the design, manufacturing, installation, maintenance, and distribution of solar power systems and related products. This includes solar panel manufacturing , solar installation services, solar energy project development, solar component distribution, and solar technology research and development. 

Starting a Solar Business in India

Starting a solar business in India is easier than you think and involves certain key steps. 

1) Business plan- Start by creating a detailed business plan outlining your goals, target market, and products or services. Consider whether you want to focus on solar panel manufacturing, installation, project development, or other solar-related activities. 

2) Register Your Business- Once you have decided what type of solar business you want to do, the next step is to register your business. You can register your business as a legal entity, such as a sole proprietorship, partnership, limited liability partnership (LLP), private limited company, or public limited company, depending on the scale and structure of your business. 

3) Location-  It is important to choose your location wisely, whether it is a manufacturing facility, office, or installation service center, keeping in mind the needs and requirements of your business. 

4) Financing – Solar Businesses often require a significant initial investment. Hence it is important to secure the necessary funding which may include personal savings, loans, grants, or investments. 

5) Market and Branding-  develop a strong brand presence and marketing strategy to promote your solar business and watch your business skyrocket. 

6) Maintaining Compliance- Lastly, ensure full compliance with regulatory requirements, certifications, and quality standards for your solar business. Establish reliable supplier relationships, stay updated on government incentives and guidelines from organisations like MNRE and NISE , and prioritize product and service quality to enhance your reputation and customer satisfaction.

Read also: List of Top 10 Solar Panel Manufacturers in India

Become a Solar Distributor

In the solar industry, a solar distributorship model involves a company or individual purchasing solar products in bulk from manufacturers and subsequently distributing them to retailers, installers, or end-users. Serving as a vital link in the solar supply chain, distributors facilitate the seamless flow of solar products from production lines to consumers. They manage logistics, including transportation and storage, and often offer essential services like training and technical support. By ensuring the widespread availability of solar products, these distributorships play a pivotal role in advancing solar energy adoption across diverse regions.

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Become a solar dealer.

Another option is to become a solar dealer . Solar dealers sell and install solar products directly to end consumers. A solar dealership refers to a business or entity involved in the distribution, sale, and often installation of solar energy systems and related products. These dealerships act as intermediaries between solar manufacturers and end consumers, providing solar panels, inverters, batteries, and other components necessary for solar energy systems. They may offer consultation services, assess the energy needs of customers, and provide solutions tailored to their requirements. Solar dealerships play a crucial role in promoting the adoption of solar technology by making products accessible to individuals, businesses, and communities interested in harnessing solar energy. 

How to Become a Servotech Solar Distributor

Servotech is a reputed solar products and solutions provider in India. To become a Servotech Solar distributor , follow these steps:

1) Contact Servotech

Reach out to Servotech through their official website or contact information. Express your interest in becoming a dealer or distributor.

2) Documentation

Complete any necessary documentation and agreements as specified by Servotech. Documentation Guidelines are as follows- 

All new business partners will have to be approved and verified by the respective state heads 

To complete the overall process following documents are required from the business partners – Distributor form duly filled

-PAN number and GSTIN

-Two undated blank cheques as security 

3) Investment Policy

A distributor should invest 12 lakhs+gst. The scope of distribution is to distribute the Servotech Products to retailers, dealers, and sub-dealers in his stipulated area of distribution.

Area of Demarcation  

All business partners doing 12 lacs or more in a month will be allocated an area of operation by the area sales manager at the time of the appointment which they must adhere to 

For all business partners doing business for less than 12 lacs no area of operation will be allotted to them and the company reserves all rights to appoint any business partner if the desired volume is not delivered.

Distributors should only bill the SERVOTECH brand of products in their prescribed Area (district) and they should not bill the item directly to other assigned areas of distributors. The distributor should not disclose the discounted prices. He can communicate and give the List price only. Disciplinary action may be initiated once found guilty on these front

4) Ordering Policy

Business Partners will give their orders to the Coordination team/sales team via WA, SMS, e-mail, or phone call.

5) Payment Policy

Th e SERVOTECH Financial policy doesn’t permit any cash transactions for the billing of SERVOTECH Products. Mode of payment must be Cheque (at par) / DD or RTGS / NEFT. In case of any Cheque dishonor Penalty on dishonor of cheque, INR 1200 will be debited to the Business Partner irrespective of the cheque dishonor value.

6) Marketing Schemes

All Marketing Schemes introduced from time to time and will be made available to the respective Business Partners. Dealers’ details/Retailer details should be furnished whenever requested by the channel sales team. Dealer meets if any will only be applicable with proper budget approvals and timelines.

7) Secondary Sales Guidelines

All Business Partners are expected to distribute their respective products to the eligible retail Counters in their stipulated area of distribution only. All trade marketing schemes introduced from time to time must be passed on to the

Secondary Channel

Generating secondary sales and market development of the secondary market is the dual responsibility of the business partner as well as the company

8) Service Policy

If you face any technical/Service issues with SERVOTECH Products, please contact SERVOTECH No: 011-41183119 Email ID: [email protected]

After your complaint is registered, our service engineer will visit your place at the earliest to provide the desired service. In case your product is within warranty we will provide service free of cost. If your product is out of warranty you would be charged accordingly.

In conclusion, stepping into the solar energy business in India presents abundant opportunities amid the nation’s increasing focus on renewable energy. Establishing a solar business involves meticulous planning, legal procedures, strategic location selection, adequate financing, effective branding, and compliance with regulatory standards. Embracing roles as a distributor or dealer not only aids in advancing solar technology but also contributes significantly to the widespread adoption of sustainable energy solutions across diverse sectors and regions in India.

Read also: Solar Panel Subsidy in India 2024

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How to Open a Solar Energy Business: A Step-by-Step Guide

Discover the step-by-step guide on how to open a solar energy business in India, covering licensing, financing, solar panel installation, and marketing strategies.

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In the first half of 2023, the US welcomed a lot of new electricity from solar. A big 45% of this new power came from the sun. It tells us that solar is growing fast and becoming a top job. Anyone starting a solar business now will likely do well. With the amount of work in solar expected to go up by 22% over the next ten years, and an average yearly pay of ₹45,230, it’s a great time to get started.

But opening a solar business in India means knowing more than just how to put up panels. You’ll need to understand things like building work, roofing, making things out of metal, selling, fixing and upkeep, advising clients, designing outdoor spaces, and more. The real trick is to find a spot in the market where you can stand out. Knowing how to get the best deals and rebates can really help. It could give your business a big edge over others.

Table of Contents

Key Takeaways

• The solar industry in the US is rapidly expanding, with 45% of new electric capacity added in the first half of 2023 coming from solar.
• The solar installation profession is one of the fastest-growing in the US, with a projected 22% growth rate and a median income of ₹45,230 per year.
• Starting a solar energy business requires expertise beyond just installing panels, including skills in general contracting, roofing, metal fabrication, sales, and more.
• Finding a niche in between the cracks of large, over-saturated markets can be the key to success for a new solar business.
• Becoming an expert in navigating the various rebates and incentives available can be a differentiator for solar companies in India.

Tapping into the Growing Solar Energy Market

India is putting more focus on renewable energy, giving a big boost to the solar sector. This is good news for anyone wanting to start a solar company. Doing your homework by checking the demand for solar panels in your area is key.

Assessing the Solar Industry Landscape

Understanding the solar industry helps you see what’s new and what’s coming up. Keeping track of solar technology and growth can show you where to focus and what you might face.

Identifying Market Opportunities and Niches

The renewable energy world in India has many chances for solar companies. Look into new solar tech, like floating solar and solar on buildings. Find areas where the market needs more service that you can offer well. This strategy can make your solar business stand out and meet the demand for green energy all over India.

Fenice Energy leads in offering clean energy solutions, with a strong background in solar, backups, and EV charging. They use over 20 years of know-how. By keeping up with the solar business scene and seeing where the good chances are, your solar business can grow and thrive in the changing renewable energy scene in India.

Laying the Legal and Regulatory Groundwork

Starting a solar energy business in India means setting up the right legal base. You have to follow important steps. First, sort through the many rules on getting licenses, contractor certificates, and following solar business laws.

Obtaining Necessary Licenses and Certifications

In India, different places might ask for special licenses for your solar company. This includes things like plumbing and electrician licenses and a dedicated solar contractor’s permit. It’s key to know the rules by heart. This comes from groups like the Ministry of New and Renewable Energy (MNRE) and the National Institute of Solar Energy (NISE). This helps you get the right permits and papers to safely do solar work.

Forming a Business Entity: LLC or Corporation

Choosing the right legal form for your solar business is vital. You can set it up as a Limited Liability Company (LLC) or a Corporation. These options shield you from some liabilities and can save on taxes. Expert advice is wise here. Legal and financial pros help you pick what’s best for your goals in the solar sector.

Securing Adequate Insurance Coverage

Having the right insurance protects you and your clients in the solar business. You need different types. For example, general liability to help cover damages, workers’ comp for your staff’s safety, and property insurance for your tools and locations. This helps your business stay afloat if something unexpected happens. It also shows you’re serious about doing solar work right.

With the necessary licenses, certifications, a fitting legal structure, and the right insurance, your solar venture in India is well-founded. Fenice Energy is a reliable partner. They offer top-notch solar solutions, like solar systems, backup power, and EV charging. With over 20 years of experience, they’re here to aid in your green energy journey.

Building Your Solar Dream Team

Creating a strong team is key to a solar business’s success. Look for installers who know the technical side and show a dedication to their craft. Make sure they get solar technical training on how to install safely and well.

For sales, hire people who understand the products and believe in green energy. They should be able to talk to customers and solve problems. If you can’t have a sales team in-house, consider solar sales outsourcing . It lets you use experts in the field.

Always aim to learn and put the customer first. Fenice Energy provides top-notch solar and other clean energy solutions. With their 20 years of experience, your team can really make a difference.

How to Open a Solar Energy Business

To start a solar energy business in India, you need a detailed business plan. This plan should cover your objectives, the market you’re aiming for, and the products or services you’ll offer. You might focus on making solar panels, installing solar systems, or selling solar components. You’ll also need to figure out how to pay for everything. This could be through your savings, loans, grants, or investments.

Developing a Comprehensive Business Plan

Your business plan has to look at the market, show how you’ll make money, and detail your daily operations. Fenice Energy can help you create a strong business plan. They have more than twenty years of experience and offer solar panels, backup power, and EV charging solutions.

Securing Financing and Investors

Getting the right kind of funding is key for your solar business. You could use your own money or look for outside investment. Try exploring different options like loans, government funding, or support from investors. This money will go towards buying solar technology and covering your business’s running costs.

Establishing a Strong Brand and Marketing Strategy

Building a recognisable brand and marketing your business well are vital. Use the internet and work with others in the industry to get the word out about your solar products . These steps will help you stand out in India’s growing renewable energy market.

Streamlining Operations with Solar Software

Solar software tools can make running a solar energy business much easier. For instance, Aurora Solar’s software uses LIDAR to check for shade and AI for design. This saves time by not needing to visit every site. When coupled with Fenice Energy’s suite, this tech makes both design and customer happiness better.

Leveraging Design and Sales Automation Tools

Using sales automation tools helps solar companies find more customers and close deals faster. This tech means better design accuracy, more efficient sales, and happier solar clients. It’s a win in the competitive field of renewable energy.

Enhancing Customer Experience

Fenice Energy’s tech makes it easier to design, sell, and install solar systems. Solar companies can use it from start to finish. This means they can focus on great service and win over more clients. It’s a big step towards success in solar energy.

Exploring Solar Business Models

Starting a solar energy business in India offers many appealing choices. One option is to start a manufacturing business for solar panels. This business model lets you meet the high demand for photovoltaic modules.

Solar Panel Manufacturing

In the solar panel manufacturing business, you create high-quality PV modules. The process involves designing, assembling, and distributing these products. It needs a big investment in manufacturing plants, equipment, and trained staff.

The rewards can be great. As India pushes towards renewable goals, the need for solar panels grows. Companies like Fenice Energy have grabbed this opportunity. They’ve set up a cutting-edge facility in Gujarat to provide top-notch solar solutions.

Solar Installation Services

Another route is to offer solar installation services. This means designing, setting up, and maintaining solar systems for different customers. The business can range from homes to big companies. It also includes all services from assessment to upkeep.

This way, companies stand out by offering complete solar services. It’s a good model for building lasting customer bonds.

Becoming a Solar Distributor or Dealer

Becoming a solar distributor or dealer is also a good choice. Here, you link solar product makers with users. This ensures solar items like inverters and batteries are easily available.

Dealers and distributors are key to the solar product supply chain in India. They connect manufacturers with installers, sellers, and buyers. It’s a smart move for those not keen on manufacturing but want to be part of the solar boom.

Every solar business model needs unique skills, efficient supply chain management, and smart marketing to thrive in India’s dynamic solar market. Entrepreneurs should pick a model based on their strengths and market goals.

The solar energy business in India is full of chances for entrepreneurs. It’s because the country is focusing more on green energy. To succeed, future solar business owners should analyze the solar market. They should also handle legal matters, form a skilled team, create a solid business plan, and use the right software.

With the world needing more green solutions, solar energy in India is a smart field to enter. Companies like Fenice Energy, with 20 years of experience, offer full green energy packages. This includes solar power , backup systems, and electric vehicle charging. India’s goal of 450 GW of renewable energy by 2030 opens many doors for solar businesses.

To make it in the solar business, following some critical steps is key. This includes understanding the solar market, finding financial support, and building a strong brand. With the solar field changing and growing fast, these steps are crucial for success.

What is the current growth rate of the solar installation profession in the United States?

The solar installation field is growing fast in the U.S., with a 22% growth projection from 2022-2032. The median yearly income is around ,230.

What steps are important when starting a solar energy business in India?

Starting a solar energy business in India requires setting up the right legal and regulatory base. This means getting the needed licenses and forming a business. It’s important to keep up with the rules from groups like MNRE and NISE.

How can a solar energy business in India build a skilled and dedicated team?

For a solar business to thrive, having a top-notch team is key. You should hire solar installers with strong technical skills and deep knowledge of solar tech. Make sure they get good training in installation, safety, and how to treat customers right.

It’s also crucial to have a sales team that really focuses on what the customer needs.

What business model options are available for a solar energy business in India?

Entrepreneurs in India have a few choices for their solar venture. They can focus on making solar panels, providing installation services, or becoming a distributor. Each path calls for specific skills, solid supply chain management, and smart marketing plans.

How can solar-specific software help streamline the operations of a solar energy business?

Using software made for solar companies can make things run smoother. Automation for system design and sales can speed up work and make it more accurate. This investment can enhance your designs, make sales easier, and improve the experience for your customers.

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