Solar Panel Business Profit India

How much profit can a solar panel business make.

Solar panel business profit india.

In starting a solar panel installation business you must have sufficient knowledge and technical skill. When you operate a leased solar panel business your profit will depend entirely on the number of panels that you have installed. Moreover solar panel or solar business is one of the most profitable businesses in today s time. Today anyone can set up a solar power plant with a capacity of 1kw to 1mw on your land or rooftop spaces.

Solar panel franchise in india the best solar panel franchise in india you get more you will earn. The business is very profitable and it ensures a lucrative revenue also. This can cover twenty million square meters of area for collecting solar energy. A typical return is about 6 per year but this requires a long term investment strategy as the company owner.

The cost for solar power in q4 2019 was below 20 per kwh in all of the states recorded. For consumer and business applications photovoltaic solar panels are much more common than other types. 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 central and state governments have been laying great emphasis on solar business and initiated agricultural solar pump schemes with full swing across many states in india.

The installation of net metering at the site will connect it to grid via state. Solar panel franchise in india. It all depends on what criteria you are using to choose a solar panel franchise company in india therefore always do a market research before investing. 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.