Solar Panel Business In India

India is endowed with vast solar energy potential.

Solar panel business in india.

Luminous solar panel 325 watt 24 volts is utilized to produce electricity from solar panels. The indian government had an initial target of 20 gw capacity for 2022 which was achieved four years ahead of schedule. Is solar business profitable. This can cover twenty million square meters of area for collecting solar energy.

It is combined with inverters for generating electricity to make usage in homes and offices. Solar energy business profitability is like at the top position at present and this will stay there in future also. Apart from the fresh panel installation you can also offer to repair service also. Our guide on starting a solar panel business covers all the essential information to help you decide if this business is a good match for you.

So we are here to let you know the steps to start solar energy business in india. India has the lowest capital cost per mw globally of installing solar power plants. In 2015 the target was raised to 100 gw of solar capacity. The business is very profitable and it ensures a lucrative revenue also.

Before diving into business opportunities in the solar industry let us first understand the profitability aspect of solar business in india. Most of the new entrepreneurs may not know the procedure for starting a solar energy business in india. Solar power in india is a fast developing industry. 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.

In starting a solar panel installation business you must have sufficient knowledge and technical skill. The country s solar installed capacity was 35 122 mw as of 30 june 2020. About 5 000 trillion kwh per year energy is incident over india s land area with most parts receiving 4 7 kwh per sq.