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The demand of solar power increased by 34% within the first months of 2018, as per the Mercom communications. In 2017, 14.7 GW was generated by solar power plants, which has now increased to 20 GW. These figures clearly reflect the enthusiasm of India towards solar energy. Some of the top performing states, in solar power sector, in India are Tamil Nadu, Rajasthan, Gujarat, Telangana, and Andhra Pradesh. With every passing day, the percentage of consumers, opting for solar energy is increasing. Credit should be given to government as well as private companies for creating awareness among people about the benefits it possesses. And, growing number of client means subsequent growth in business, so it is now one of the best sectors to invest in.
It is one of the best opportunities for growing your business in the solar market. As the need for solar equipments is at its zenith.Let us have a look at some of the best business plans with product-oriented solar opportunities.
Become a product seller: Every year, billions are spent on solar PV, solar attic fans, and solar thermal system. Not only the products, but there is also even a huge demand for the products that are used in the manufacturing of these solar products.
Become a distributor: As there is a rise in the number of manufacturers, there is also a growing need for distributors. So, you can even opt for a distributorship.
Developing and owning solar products: Gather a team of solar experts and build up a good business plan. Arrange money and start executing the plan.
Become an inventor: There are still a whole lot of solar products to be discovered yet. Get the basic concept of the mechanism of the solar products and implement those ideas into different products.
Become a financer: Another great option for business in solar products is setting up a financial company. You can set up solar construction financing, joint venture financing or provide angel financing, etcetera.
If you are short on the capital, you can start by providing different services for solar products, such as:
Become an independent solar consultant: Prior to installing solar products, people would like to consult with an expert who could guide them through the whole process of solar power installation.
Solar panel cleaner: A clean solar panel would yield much more electricity than the dirty panels. So, people who already have solar panels installed at their home would like to hire someone who would clean the solar panels rather them doing them by themselves. It is an excellent business opportunity you can start with low investment.
Solar repairs: Like every other product, solar gears also need repairing. So, you can start a maintenance firm for solar products and panels.
Energy auditor: Another service that is in demand is energy audits. You can recommend how people can reduce their electrical consumption.