Is Solar Panel Business Profitable In India

However it required some maintenance from time to time.

Is solar panel business profitable in india.

Solar systems last a long time. Is solar business profitable in india. Solar energy is not just a business that you can make a profit out of it but it is an initiative to make india bright and to enlighten indian cities and the population. This is the primary vertical of the business as it generates most of the business revenue.

We have over 15 20 contracts currently out of which 2 3 are maintenance contracts. How to start a solar business in india. For 1mw per year you get 1 6 millon units of power. So here are some of the major business opportunities which are discussed in brief which one can invest their money into if they want to get into this industry of solar power.

Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc. If you can sell at rs 5 per unit you make 80 lacs per year. Is crucial learn why. So after 10 years all the 80lacs is your margin.

To instal 1mw you need to spend around 8 crore. Did you know that according to a recent report india is the third largest solar market in the world after china and the us. So it is very clear that this is one of the best business ideas in india. Moreover solar panel or solar business is one of the most profitable businesses in today s time.

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. We are electrical contractors that have executed multiple ehv and substation projects till date. Additionally solar items repairing is one of the most profitable solar business opportunities in india.