solar energy business plan in india pdf

Starting Solar Installation Business Plan (PDF)

Solar energy has become a buzzword in the energy industry as more people become environmentally conscious and look for alternative energy sources. Solar energy is a popular choice among individuals and businesses as it is clean, renewable and easily accessible. The demand for solar energy has been increasing and shows no signs of slowing down. This has created a lucrative opportunity for entrepreneurs to start solar installation businesses. The International Energy Agency has predicted that by 2050, solar energy will be the largest source of electricity globally. Many governments provide financial incentives that encourage individuals and companies to install solar systems, further pushing up the demand of solar. The cost of solar panels has been declining over the years, thus many households and companies are opting for solar as it is becoming more affordable. As more businesses and homeowners become aware of the benefits of solar energy, the demand for solar installations will continue to increase, creating a growing market for solar installation businesses. This article will outline how to start a solar company business, and the solar installation business plan (PDF, Word & Excel).

Market Research

The solar industry is not the same in every place you go to. The dynamics vary greatly so you must research about the solar industry for your context. You must find out the general trajectory of the solar industry. As in, what are the demand areas? Which solar-related areas is your respective government taking keen interest in? Which solar products and services are people developing a rising interest in? What are the solar industry trends, forecasts, and projections? Find out about the applicable laws and regulations governing the solar space. Then find out who the key players in the solar installation space are.

Dig into the types of services and possibly products they offer. Find out the types of customers they serve and how big their customer pools are. Research on where they source their solar supplies from. What are their business and pricing models? The insights you draw from all these aspects will help you build a successful solar installation business. You will be better positioned to come up with a superior and unique value proposition. This is important because the solar industry is becoming more competitive as more players enter the space.

Location And Premises

The solar panels installation business involves lots of movement to and fro clients. Choice of location depends on the type of clients you will be serving. It could be residential, commercial, or industrial clients. When choosing a location for your solar installation you need to consider proximity to clients. It is ideal to be close to your prospects. That way you can deliver your services faster. Plus it will reduce transportation costs. You also have to consider proximity to your supplies or suppliers.This is also to avoid delays and to minimize operating costs. Your business premises should be spacious considering the nature of the solar installation business. You will need storage space, parking space, waiting area, working area, and the like. Your business premises should be easy to access and secure. It is also strategic to make your premises alluring so as to lure prospects. Work with designers to make your outlet(s) unique and attractive. The cost of purchasing or leasing the premises should be included in your solar installation business plan.

The bulk of your capital goes to sourcing the equipment you need for doing solar installations. That will largely depend on the types of solar systems you will be specializing in. Some of the examples of equipment needed are solar panels, hybrid inverters, solar charge control units, batteries, ladders, solar cables, drills, solar switches, wire strippers, solar breakers, racking systems, screwdrivers, accumulators, and lights, amongst others. You will also need personal protective clothing and applicable hand and power tools. Storage equipment will be necessary. Office equipment will be needed for your base of operations. Having a vehicle for your solar panels installation company is crucial. This business involves a lot of travelling; from your offices to clients places for things such as site assessments, installations, and maintenance, thus having a vehicle is a must. The vehicle should be suitable for transporting staff, tools as well as the solar products. You can purchase a van or a truck for your solar installation business. The solar panel installation business plan should cater for the costs of purchasing the vehicle and equipment.

Products And Services

Most solar installation companies do both solar sales and installations. Solar panels are the main product sold by solar installations companies, and they come in various sizes and types to fit different applications. The products that you can sell include solar panels, invertors, batteries, charge controllers, solar geysers, solar lights and other components necessary for the installation and maintenance of a solar system. The services offered by solar panel installation companies include site assessments, design of solar systems, installation of solar systems, solar maintenance and repairs, consultancy and r etrofitting services . Furthermore, some solar installation companies offer education and training services to help customers understand how to choose and use their solar systems effectively and efficiently. Your solar company business plan should clearly outline the products and services offered by your business.

Management And Staff

For a solar company to run efficiently, it requires a team of skilled employees with diverse expertise. The number of employees will depend on the scale of your operations. The solar installers are responsible for conducting site assessments and installing the solar systems. A manager is required to oversee project and staff management, as well as the day-to-day operations of the solar business. Sales and marketing staff are necessary for promoting the business and selling its products and services to customers. Additionally, accounting and finance staff are essential for managing the finances of the solar installation business. The salaries of all your staff should be included in your solar panels installation business plan.

Your market research will guide you on which customer pools you should target. The truth is that the demand for solar products and services is bound to increase. Any household, commercial property or industrial property is a candidate for solar installation (and more). You just have to empirically target the right prospects. The market is broad because it spans from recently constructed properties to ones that have existed for years.

In the solar installation business you need to employ modern marketing techniques. Some of those marketing techniques include digital marketing, influencer marketing, brand ambassadorships, and the use of foot agents. Have alluring, active, and up to date social media accounts and a website. Use every solar installation gig as a basis for social proofs that you will use to lure more customers. Take high definition visuals such as photos and videos of your work. A proper marketing strategy should be included in your solar company business plan.

Pre-Written Solar Installation Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements

For an in-depth analysis of the solar installation business, we encourage you to purchase our well-researched and comprehensive solar installation business plan. We introduced the business plans after discovering that many were venturing into the solar shop business without enough knowledge and understanding of how to run the business, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.

The StartupBiz Global solar panel installation business plan will make it easier for you to launch and run your solar company business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. This is a complete business plan for a solar installation business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the solar panels installation business.

Uses of the Solar Company Business Plan (PDF, Word And Excel)

The solar company business plan can be used for many purposes including:

Raising capital from investors/friends/relatives
Applying for a bank loan
Start-up guide to launch your solar installation business
As a solar panels installation business proposal
Assessing profitability of the solar installation business
Finding a business partner
Assessing the initial start-up costs so that you know how much to save
Manual for current business owners to help in business and strategy formulation

Contents of the Solar Panels Installation Business Plan (PDF, Word And Excel)

The business plan for a solar installation includes, but not limited to:

Marketing Strategy
Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
Industry Analysis
Market Analysis
Risk Analysis
SWOT & PEST Analysis
Operational Requirements
Operational Strategy
Why some people in the solar installation business fail, so that you can avoid their mistakes
Ways to raise capital to start your solar shop business

The solar company business plan package consists of 4 files

Solar Installation Business Plan – PDF file (Comprehensive Version – 83 Pages)
Solar Installation Business Plan – Editable Word File (Comprehensive Version – 83 Pages)
Solar Installation Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 46 pages)
Solar Installation Business Plan Automated Financial Statements – (Editable Excel File)

The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the costs, salaries etc, and all the other financial statements will automatically adjust to reflect the change.

Click below to download the Contents Page of the Solar Installation Business Plan (PDF)

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Get the Solar Installation Business Plan (PDF, Word And Excel)

Click Buy Now below to purchase using Paypal, Credit Card, or Debit Card. After you have purchased, you will immediately see the download link for the business plan package on the screen. You will also immediately get an email with the business plan download link. The Pre-written business plan package (PDF, Word, and Excel) costs $30 only!

If you want to purchase multiple business plans at once then click here: Business Plans Store.

The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

We wish you the best in your solar installation business! Check out our collection of business plans , and more business ideas .

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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.

89 comments

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Hi I want to start a startup.

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MARTINS LUTHOR March 13, 2024 at 18:57pm

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

tapan kumar dash August 21, 2021 at 07:33am

Good assesories.

Solar photovoltaic energy in India: business feasibility study and analogy of policies

Original Article
Published: 03 January 2021
Volume 5 , pages 133–144, ( 2021 )

Cite this article

B. Rajshree 1 &
S. Manan 2

263 Accesses

3 Citations

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With a rapidly growing demand for electricity and increasing concerns to reduce the dependency on fossil fuels, India is investing heavily in renewable power generation. Solar photovoltaic (PV) energy, inherently clean and unlimited, has emerged as a great potential source of energy. This is essentially favorable for the solar industry in a tropical country like India, which is blessed with abundant sunlight for most of the year. The solar industry has finally attained grid parity and, thus, the future has a huge scope for deployment of solar technology. This paper aims to analyze the business feasibility of solar energy in India using a literature review methodology. A strategically developed business model will enable a business to reap the maximum benefits of the available opportunities. Therefore, the paper studies various solar business models in which engineering procurement construction (EPC) and manufacturers of solar gear are the two models that play a major role in this sector in India. The paper also reviews some of the key policies implemented by the government to promote PV installations. Finally, some of the major challenges, including technological, political, infrastructural, and financial barriers, as well as steps to overcome these, have also been discussed.

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Cost, environmental impact, and resilience of renewable energy under a changing climate: a review

Social, environmental, and economic consequences of integrating renewable energies in the electricity sector: a review

Techno-economic feasibility analysis of an on-grid IOT-based rooftop solar photovoltaic system for prosumers with a real-time implementation: a detailed case study and analysis using HOMER software

Availability of data and materials.

All relevant data and material are presented in the main paper.

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Acknowledgements

The authors are grateful to Department of BBA, Scholl of Liberal Studies and Department of Chemical Engineering, School of Technology, Pandit Deendayal Petroleum University for the permission to publish this research.

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Rajshree, B., Manan, S. Solar photovoltaic energy in India: business feasibility study and analogy of policies. Int J Energ Water Res 5 , 133–144 (2021). https://doi.org/10.1007/s42108-020-00098-x

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How to Start Solar Energy Business in India | Half MBA

Are you insightful enough to look into your future.

Solar energy is the future of the energy industry business. You are living in the most advantageous period of a century. India is a hub of solar energy business opportunities. From an individual to a businessman solar power is at a tremendous growth rate. Most of you would want to know the procedure for the solar power business, But before that, I would like if you would consider diversified solar businesses that can bear fruit for you.

SOLAR PANEL PLANT
DEVELOP & OWN SOLAR PROJECTS
PRODUCE FINANCIAL PRODUCTS
PRODUCE INFORMATIONAL PRODUCTS
INVENT SOLAR PRODUCTS
SELL 3RD PARTY PROVIDED SERVICES
BE A DISTRIBUTOR
SELLING AFTERMARKET PRODUCTS
SELL SOLAR PRODUCTS
INDEPENDENT SOLAR CONSULTANT
SOLAR APPRAISAL
SOLAR REPAIRS
SOLAR BROKER

Identifying your niche and choosing your services whether it is product-oriented or service-oriented or both is the first step. Here comes a full-fledged program to set up a solar power business in India.

Knowing Your Market

Research well your competitors, costs, raw materials required for solar energy products and the market conditions. You can get a first-mover advantage if you choose a unique market area of operation.

Business Strategy

A clear strategy that defines your business goals will help at every step of the solar energy business plan. It is a blueprint in which you can design the process of business . Proper strategic planning of business ensures optimum utilization of resources. Also, it helps to attract major investors for the business.

Legalization of business

This depends upon the solar arrangements that are offered by the solar energy business. Majorly grouped into three ways: Power Purchase Agreements (PPA): Here, the developer owns, maintains and operates the system and the customers agree to site the system and purchase the electric output. Solar System Ownership (SSO ): You can buy your solar system and provide for solar power to consumers. Solar Energy System Leasing (SESL): Its an alternative to solar system ownership. According to your solar business plan, the legal needs of the business are fulfilled. The license required includes:

Article of Association
Article of Memorandum
Certificate Of Commencement

Meeting the legal needs avoids any further interference from the government.

Register Your Business

Every business must be registered at the registrar’s office of your state after fulfilling the legal requirements of the business. You must complete the certifications of business to avoid any complexities during the procedure.

The next step, once the business is registered is to get funding so that you can spend well on every activity. You can opt for various options:

Attracting Investors
Associates and Connections
Private Funding

For describing the prospects of the business and the services that are offered, Business Strategy is a well-known way to keep you up. Once you receive the funding there are several costs that are required to be kept in mind:

Equipment Cost
Maintenance cost
Miscellaneous Expenses

Setting Up Solar Power Plant

Being a solar energy provider its a necessity to have knowledge and skills to set up a solar plant. It will give you an edge over your competitors. Numerous factors that you should take a look at before going further;

Choosing An Appropriate Location For Operations
Better Equipment and Machinery
Durable Machinery
Comfortable Building And Infrastructure
An Area With Maximum Solar Product Requirements
Better Quality Product
The major process for setting up a solar power plant is mentioned below:
Designing a blueprint for solar plant installation
Getting legalities done
Up gradation of Equipment (If Required)
Confirmation from Customers ( when a plan is ready)

While building a solar power plant, things can go out of hand hence, it is essential that you consider every possibility while designing a plan for a solar energy plant.

Recruitment

At this stage, where you have completed all legal formalities and set up a business. Now its time to create a base for your business. For better and efficient results you need manpower skills. In this regard, you must consider building a hardworking team for your business.

Skills that you need for your teammates:
Certifications under the energy industry
Team building spirit
Devotion to the organization
Time Management
Risk Management
Professional Experience
Secrecy Maintaining Spirit

Networking And Marketing

Your first customers are a by-product of your marketing campaigns and the connections you make. Reaching to your target audience is a task. it is well ensured when you are through with all these essentials.

Knowing your competitors and learning from them
Advertising your business after identifying target customers
Maintaining your image of the business, also consider PR managers
Advertising campaigns on social websites
Promoting your products offline as well

Reach of your products depends on how well they are marketed. Once your products reach a number of customers you can start expanding your horizons.

After-Sale Services

Attracting first customers is one thing and retaining them is another. Quality of services measures how long your customers will be associated with you. These points can be viewed while maintaining after-sale services:

Proper supply of power
Maintenance of solar energy plant
Responding to the complaints
Solving the complaints

You will be improving the experience of your customers with the after-sale services that are provided.

Well Informed Services

The solar power industry is not known to many. This is a major advantage to expand your business by creating an informational base for your customers. It does not only increase your customers but also enhances your reach to new customers who can even switch to this industry. The tremendous growth rate of the solar energy industry is worth investing in. Investors are always keeping an eye on this industry. Numerous policies are facilitated by the Indian government that you can view here . These policies are specially introduced by the government to grow startups in the solar energy industry. Now we can assume that you are clear with the policies of the government. You are ready to start up your own solar energy business in India. Have any queries? Do Comment

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Solar business plan

Background Clean energy is the need of today's world. The world is suffering from the energy crisis and the existing source of energy is too expensive. Fossil fuels are at its end stage and these fuels creating environmental problems like global warming, climate change, etc. The whole world is moving towards renewable energy sources which is cheaper and effective source of energy and solar power has stood in front as the solution to it. New technology has been developed to trap the alternative sources of energy of which solar PV technology is being mostly used worldwide to solve the present solution. The increase in the load shedding in the context of our country Nepal is a major problem at present. There is uncertain to solve this problem until we depend on the existing source i.e. hydroelectricity. So the time has arisen to go for alternative like solar power. Most of the works in the government as well as private offices, banks, hospitals, hotels, etc are stopped due to this growing load shedding. There is a need of backup systems for them. At the household level, people are bound to stay in the darkness, apart from news, television, radio, water pumping problem in the valley and so on. In the next 10 years there is no chance of getting rid of load shedding in Nepal. Similarly, most of the western part and hilly region of Nepal is not linked to the electricity grid. People living in those part are under hardship life. Some sectors like vaccines refrigeration, hospitals instruments and equipments etc essentially require electricity power for their operation. The people are afraid of investing in Nepal in the industrial and manufacturing sector due to insecurity, political instability, energy problems. They want quick return of their investment. Investment in the hydropower, factories, projects, etc is a long term return. Realizing all of these problem, establishment of more Solar Companies is essential in Nepal. The market is growing up as well. At present Solar business in Nepal is like a hot cake. More number of solar companies providing efficient solar PV system is to be established to solve the present problems. So with these objective, this venture is proposed.

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India Energy Outlook 2021

World Energy Outlook Special Report

This report is part of World Energy Outlook 2021

About this report

Online table of contents, 1.0 energy in india today.

Read online

2.0 Urbanisation and industrialisation in India

3.0 fuels and electricity in india, 4.0 implications for india and the world, executive summary, india’s future prosperity will hinge on affordable, clean and reliable energy….

India has seen extraordinary successes in its recent energy development, but many challenges remain, and the Covid-19 pandemic has been a major disruption . In recent years, India has brought electricity connections to hundreds of millions of its citizens; promoted the adoption of highly-efficient LED lighting by most households; and prompted a massive expansion in renewable sources of energy, led by solar power. The gains for Indian citizens and their quality of life have been tangible. However, the Covid-19 crisis has complicated efforts to resolve other pressing problems. These include a lack of reliable electricity supply for many consumers; a continued reliance on solid biomass, mainly firewood, as a cooking fuel for some 660 million people; financially ailing electricity distribution companies, and air quality that has made Indian cities among the most polluted in the world.

Percentage change in key indicators for India in 2020 compared with 2019

…and the scope for further growth in energy demand and infrastructure is huge.

India is the world’s third-largest energy consuming country, thanks to rising incomes and improving standards of living. Energy use has doubled since 2000, with 80% of demand still being met by coal, oil and solid biomass. On a per capita basis, India’s energy use and emissions are less than half the world average, as are other key indicators such as vehicle ownership, steel and cement output. As India recovers from a Covid-induced slump in 2020, it is re-entering a very dynamic period in its energy development. Over the coming years, millions of Indian households are set to buy new appliances, air conditioning units and vehicles. India will soon become the world’s most populous country, adding the equivalent of a city the size of Los Angeles to its urban population each year. To meet growth in electricity demand over the next twenty years, India will need to add a power system the size of the European Union to what it has now.

Total primary energy demand in India, 2000-2020

India has a wide range of possible energy futures before it.

This special report maps out possible energy futures for India, the levers and decisions that bring them about, and the interactions that arise across a complex energy system. The increasing urgency driving the global response to climate change is a pivotal theme. India has so far contributed relatively little to the world’s cumulative greenhouse gas emissions, but the country is already feeling their effects. This report’s analysis is based on a detailed review of existing or announced energy reforms and targets. These include the aims of quadrupling renewable electricity capacity by 2030, more than doubling the share of natural gas in the energy mix, enhancing energy efficiency and transport infrastructure, increasing domestic coal output, and reducing reliance on imports. Progress towards these policy goals varies across our report’s different scenarios, none of which is a forecast. Our aim is rather to provide a coherent framework in which to consider India’s choices and their implications.

The Stated Policies Scenario (STEPS) provides a balanced assessment of the direction in which India’s energy system is heading, based on today’s policy settings and constraints and an assumption that the spread of Covid-19 is largely brought under control in 2021.
The India Vision Case is based on a rapid resolution of today’s public health crisis and a more complete realisation of India’s stated energy policy objectives, accompanied by a faster pace of economic growth than in the STEPS.
The Delayed Recovery Scenario analyses potential downside risks to India’s energy and economic development in the event that the pandemic is more prolonged.
The Sustainable Development Scenario explores how India could mobilise an additional surge in clean energy investment to produce an early peak and rapid subsequent decline in emissions, consistent with a longer-term drive to net zero, while accelerating progress towards a range of other sustainable development goals.

Energy demand growth in India by scenario, 2019-2040

Average annual growth in india gdp by scenario, 2019-2040, covid-19 will leave lasting scars.

Prior to the global pandemic, India’s energy demand was projected to increase by almost 50% between 2019 and 2030, but growth over this period is now closer to 35% in the STEPS, and 25% in the Delayed Recovery Scenario. The latter would put some of India’s hard-won gains in the fight against energy poverty at risk, as lower-income households are forced to fall back on more polluting and inefficient sources of energy. It would also extend the slump in energy investment, which we estimate to have fallen by some 15% in India in 2020. Even though the pandemic and its aftermath could temporarily suppress emissions, as coal and oil bear the brunt of the reduction in demand, it does not move India any closer to its long-term sustainable development goals.

India’s size and dynamism will keep it at the heart of the global energy system

An expanding economy, population, urbanisation and industrialisation mean that India sees the largest increase in energy demand of any country, across all of our scenarios to 2040. India’s economic growth has historically been driven mainly by the services sector rather than the more energy-intensive industrial sector, and the rate at which India has urbanised has also been slower than in other comparable countries. But even at a relatively modest assumed urbanisation rate, India’s sheer size means that 270 million people are still set to be added to India’s urban population over the next two decades. This leads to rapid growth in the building stock and other infrastructure. The resulting surge in demand for a range of construction materials, notably steel and cement, highlights the pivot in global manufacturing towards India. In the STEPS, as India develops and modernises, its rate of energy demand growth is three times the global average.

The Indian electricity sector is on the cusp of a solar-powered revolution…

Solar power is set for explosive growth in India, matching coal’s share in the Indian power generation mix within two decades in the STEPS – or even sooner in the Sustainable Development Scenario. As things stand, solar accounts for less than 4% of India’s electricity generation, and coal close to 70%. By 2040, they converge in the low 30%s in the STEPS, and this switch is even more rapid in other scenarios. This dramatic turnaround is driven by India’s policy ambitions, notably the target to reach 450 GW of renewable capacity by 2030, and the extraordinary cost-competitiveness of solar, which out-competes existing coal-fired power by 2030 even when paired with battery storage. The rise of utility-scale renewable projects is underpinned by some innovative regulatory approaches that encourage pairing solar with other generation technologies, and with storage, to offer “round the clock” supply. Keeping up momentum behind investments in renewables also means tackling risks relating to delayed payments to generators, land acquisition, and regulatory and contract uncertainty. However, the projections in the STEPS do not come close to exhausting the scope for solar to meet India’s energy needs, especially for other applications such as rooftop solar, solar thermal heating, and water pumps.

Changes in coal and solar capacity in India in the Stated Policies Scenario, 2010-2040

Changes in share of power generation in india in the stated policies scenario, 2010-2040, ...while rising demand for air-conditioning pushes up the peak in power demand.

India’s electricity demand is set to increase much more rapidly than its overall energy demand. But a defining feature of the outlook is a sharp rise in variability – both in electricity output, from solar PV and wind, and in daily consumption. On the supply side, output from renewables in some Indian states is set to exceed demand on a regular basis (typically around the middle of the day) before 2030. On the demand side, the key contributor to variability comes from rapid growth in ownership of air-conditioning units. Energy efficiency measures targeting both cooling appliances and buildings avoid around a quarter of the potential growth in consumption in the STEPS, but electricity demand for cooling still increases six-fold by 2040, creating a major early evening peak in electricity use.

India requires a massive increase in power system flexibility

The pace of change in the electricity sector puts a huge premium on robust grids and other sources of flexibility, with India becoming a global leader in battery storage . India has a higher requirement for flexibility in its power system operation than almost any other country in the world. In the near term, India’s large grid and its coal-fired power fleet meet the bulk of India’s flexibility needs, supported by hydropower and gas-fired capacity. Going forward, new power lines and demand-side options – such as improving the efficiency of air conditioners or shifting the operation of agricultural pumps to different parts of the day – will need to play a much greater role. But battery storage is particularly well suited to the short-run flexibility that India needs to align its solar-led generation peak in the middle of the day with the country’s early evening peak in demand. By 2040, India has 140 GW of battery capacity in the STEPS, the largest of any country, and close to 200 GW in the Sustainable Development Scenario.

As solar takes power, the focus for coal switches to industry …

Coal’s hold over India’s power sector is loosening, with industry accounting for most of the increase in coal demand to 2040 in the STEPS. Once the coal-fired power plants currently under construction are completed over the next few years, there is no net growth at all in India’s coal fleet. Coal-fired generation was most exposed to the dip in electricity consumption in 2020. It picks up slightly in the STEPS as demand recovers, since renewables do not cover all of the projected increase in electricity demand. However, coal suppliers looking for growth increasingly have to turn to India’s industrial consumers rather than the power sector. The share of coal in the overall energy mix steadily declines in the STEPS, from 44% in 2019 to 34% in 2040, and more rapidly in other scenarios.

…while oil continues to dominate a fast-growing transport sector in the STEPS

Energy demand for road transport in the STEPS is projected to more than double over the next two decades, although this growth is cut dramatically in the Sustainable Development Scenario. Over half of the growth in the STEPS is fuelled by diesel-based freight transport. An extra 25 million trucks are travelling on India’s roads by 2040 as road freight activity triples, and a total of 300 million vehicles of all types are added to India’s fleet between now and then. Transport has been the fastest-growing end-use sector in recent years, and India is set for a huge expansion of transportation infrastructure – from highways, railways and metro lines to airports and ports. Today’s policy settings are sufficient to prevent runaway growth in transport energy demand. And some parts of the system shift rapidly to less energy-intensive options, with one example being a strong increase in the use of two-or-three-wheeled vehicles for road transport. Nonetheless, in the STEPS, India’s oil demand rises by almost 4 million barrels per day (mb/d) to reach 8.7 mb/d in 2040, the largest increase of any country. In the Sustainable Development Scenario, by contrast, a much stronger push for electrification, efficiency and fuel switching limits growth in oil demand to less than 1 mb/d.

Road transport energy demand by fuel and technology in India in the Stated Policies Scenario compared to Sustainable Development Scenario, 2040

Changes in road transport energy demand by fuel, technology and scenario in india in the stated policies scenario, 2019-2040, india’s building spree will shape its energy use for years to come.

India is set to more than double its building space over the next two decades, with 70% of new construction happening in urban areas. The model of urbanisation that India follows and the extent to which new construction follows energy-efficient building codes will shape patterns of energy use far into the future. The shift towards urban living accelerates transitions in residential energy use away from solid biomass and towards electricity and modern fuels. Buoyed by rising appliance ownership and demand for cooling, the share of electricity in residential energy use nearly triples. Nonetheless, in the STEPS, firewood and other traditional fuels are still widely used for cooking by 2030. It would take an additional push – as in the India Vision Case and the Sustainable Development Scenario – to move all households to LPG, improved cook stoves, gas or electricity.

Today’s clean energy momentum enables India to outperform its Paris pledges

In the STEPS, India exceeds the goals set out in its Nationally Determined Contribution (NDC) under the Paris Agreement . The emissions intensity of India’s economy improves by 40% from 2005 to 2030, above the 33-35% set out in its existing NDC. And the share of non-fossil fuels in electricity generation capacity reaches almost 60%, well above the 40% that India pledged. India’s leadership in the deployment of clean energy technologies expands its market for solar PV, wind turbine and lithium-ion battery equipment to over $40 billion per year in the STEPS by 2040. As a result, 1 in every 7 dollars spent worldwide on these three types of equipment in 2040 is in India, compared with 1 in 20 today. India’s clean energy workforce grows by 1 million over the next ten years. If the approach embodied in today’s policies can be realised in full, as in the India Vision Case, higher economic growth than in the STEPS need not mean higher energy demand and emissions. In this Case, and especially in the Sustainable Development Scenario where the equipment market for solar, wind, batteries and water electrolysers rises to $80 billion per year, the industrial and commercial opportunities from clean energy are even larger.

India’s market size and global share in clean energy technologies, 2019 and in the Stated Policies Scenario, 2040

The path to a “gas-based economy” is not fully mapped out.

The market for natural gas is growing fast in India, but its role varies by sector, by scenario and over time . The 6% share of natural gas in India’s current energy mix is among the lowest in the world. It almost doubles in the STEPS as gas use rises in the industrial sector and in city gas distribution. In the India Vision Case, natural gas also helps to displace coal in power generation, bringing India’s aspiration of a “gas-based economy” closer still. However, affordability is a sensitive issue for consumers, especially given the complex patchwork of additional charges and tariffs that, on average, doubled the cost of wholesale gas by the time it reached end-users in 2019. As India builds out its gas infrastructure, natural gas can find multiple uses in India’s energy system, including to help meet air quality and near-term emissions goals if supply chains are managed responsibly. But the Sustainable Development Scenario also underlines that a long-term vision for gas needs to incorporate a growing role for biogases and low-carbon hydrogen, for which India has large potential.

Biomethane demand by sector in India in the Stated Policies Scenario, 2000-2040

Natural gas demand by sector in india in the stated policies scenario, 2000-2040, india’s faces energy security hazards ahead.

India’s combined import bill for fossil fuels triples over the next two decades in the STEPS, with oil by far the largest component, pointing to continued risks to India’s energy security. Domestic production of oil and gas continues to fall behind consumption trends and net dependence on imported oil rises above 90% by 2040, up from 75% today. This continued reliance on imported fuels creates vulnerabilities to price cycles and volatility as well as possible disruptions to supply. Energy security hazards could arise in India’s domestic market as well, notably in the electricity sector if the necessary flexibility in power system operation does not materialise. An additional systemic threat to the reliability of electricity supply comes from the poor financial health of many electricity distribution companies. Improving the cost-reflectiveness of tariffs, the efficiency of billing and collection and reducing technical and commercial losses are key to reforming this sector.

Value of domestic production and import bills for fossil fuels in India in the Sustainable Development Scenario, 2010-2040

Value of domestic production and import bills for fossil fuels in india in the stated policies scenario, 2010-2040, booming industry and transport push up co2 emissions and harm air quality.

A 50% rise in India’s CO 2 emissions to 2040 is the largest of any country in the STEPS, even though India’s per capita CO 2 emissions remain well below the global average. The increase in India’s emissions is enough to offset entirely the projected fall in emissions in Europe over the same period. The remarkable rise of renewables arrests the growth in India’s power sector emissions in the STEPS, although this still leaves the coal-fired fleet – the fifth-largest single category of emissions worldwide today – as a major emitter of CO 2 . Alongside the option of early retirement in some cases, this puts a strong premium on policy approaches that can retool this fleet for more limited and flexible operation and/or on technologies such as carbon capture, utilisation and storage (CCUS). But the main reasons for the increase in India’s CO 2 emissions in the STEPS lie outside the power sector, in industry and transport (especially from trucks). These two sectors are also responsible for a much larger share of air pollutant emissions than the power sector in the STEPS, and a rising urban population means that more people are exposed to air pollution and suffer its ill effects. Water stress is likewise an increasingly important factor for India’s energy sector and its technology choices.

All roads to successful global clean energy transitions go via India…

As the world seeks ways to accelerate the pace of transformation in the energy sector, India is in a unique position to pioneer a new model for low-carbon, inclusive growth. Many aspects of such a model are already evident in India’s policy vision, and many more are highlighted in the Sustainable Development Scenario that points the way for India towards net-zero emissions. If this can be done, it will show the way for a whole group of energy-hungry developing economies, by demonstrating that robust economic expansion is fully compatible with an increasing pace of emissions reductions and the achievement of other development goals. India is already a global leader in solar power – and solar combined with batteries will play a massive part in India’s energy future. But India will need a whole host of technologies and policies to chart this new path. As new industrial sectors emerge and clean energy jobs grow, India will also need to ensure that no one is left behind, including in those regions that are heavily dependent on coal today.

Energy sector CO2 emissions and reduction levers in India in the Sustainable Development Scenario, 2010-2040

…and india’s energy destiny will be forged by government policies.

More than that of any other major economy, India’s energy future depends on buildings and factories yet to be built, and vehicles and appliances yet to be bought . Within 20 years, the majority of India’s emissions in the STEPS come from power plants, industrial facilities, buildings and vehicles that do not exist today. This represents a huge opening for policies to steer India onto a more secure and sustainable course. India’s ambitious renewables targets are already acting as a catalyst for the transformation of its power sector. A crucial – and even more challenging – task ahead is to put the industrial sector on a similarly new path through more widespread electrification, material and energy efficiency, technologies such as CCUS, and a switch to progressively lower-carbon fuels. Electrification, efficiency and fuel switching are also the main tools for the transport sector, alongside a determined move to build more sustainable transport infrastructure and shift more freight onto India’s soon-to-be-electrified railways. These transformations require innovation, partnerships and capital. The additional capital required for clean energy technologies to 2040 in the Sustainable Development Scenario is $1.4 trillion above the level in the STEPS. But the benefits are huge, including savings of the same magnitude on oil import bills. Government policies to accelerate India’s clean energy transition can lay the foundation for lasting prosperity and greater energy security. The stakes could not be higher, for India and for the world.

CO2 emissions from existing and new industry infrastructure in India in the Stated Policies Scenario, 2019‑2040

Co2 emissions from existing and new power infrastructure in india in the stated policies scenario, 2019‑2040, co2 emissions from existing and new buildings in india in the stated policies scenario, 2019‑2040, co2 emissions from existing and new transport infrastructure in india in the stated policies scenario, 2019‑2040, related files, documentation.

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IEA (2021), India Energy Outlook 2021 , IEA, Paris https://www.iea.org/reports/india-energy-outlook-2021, Licence: CC BY 4.0

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How to Start a Solar Business in India

by SBH Team
February 3, 2023

The solar business in India is growing at a rapid pace, generating many business opportunities for people who want to enter this business.

In fact, India is in the top list, among those nations that carry the great potential to grow in this industry.

The government of India has launched various schemes to encourage the generation of solar power in the country like VGF Schemes, Solar Park Scheme, Grid Connected Solar Rooftop Scheme, CPSU Scheme, etc.

If you are planning to step into this fast-growing industry, you need to know what are different solar business opportunities are available in this field.

So to help you out, this article will give you some useful information regarding different business opportunities available in this field.

Also Read: How to Start Mineral Water Business in India | Complete Details

In this Post

Solar Business Opportunities in India

If you look at the Indian solar business industry there are basically 7 types of business opportunities. Focusing on any one type of business listed below would help you in achieving success.

Manufacturing of Solar Panels:

Setting up a Solar Panel manufacturing business in India is not an easy task. Because you will be directly competing with established Chinese and Indian manufacturers.

These manufacturers already have market contacts and they are providing materials for a low price with good quality.

However, if you want to start a small solar panel manufacturing plant, you can follow the below steps,

a. Market Research : Make proper market research. Understand demand and supply in your region.

b. Location : Select a location considering both demand and transportation difficulties.

c. Factory Size : Finalize the factory size. Consider future extension opportunities as well

d. Machinery and Equipment: Purchase it from the dealers. You can import international brands with the help of local dealers.

You require machinery like a back sheet cutting station, Framing machine, solar cell soldering machine, visual inspection station, etc.

e. Material Procurement: Set-up a warehouse within your plant to store raw materials and finished products.

Raw materials include Solar cells, solar glass, module frame, backseats, junction boxes, sealants, etc.

f. Arranging Manpower: You need both skilled and non-skilled manpower for your manufacturing unit.

g. Licenses and Certificates: Get required licenses and certificates from the government and local authorities.

h. Connecting with Distributors: Deal with good distributors to create a supply chain and deliver your products to the market.

To set up a small-scale solar panel plant up to 10 MWp, you may require an investment of approximately 1 crore Indian rupees.

If you have an interest in the electrical industry, instead of solar panels, you may look at manufacturing electrical products like sting combiner boxes, fuse boxes, connectors, etc.

Related: Tata Power Solar Dealership | Complete Guide

Solar Panel Distributor Business Plan:

Solar panel manufacturers need distributers to reach their products into the local market. The second business opportunity in the solar energy industry is to become a solar panel distributor.

A solar distributor purchases solar panels from manufacturers in bulk and distributes them to the local market by selling them to dealers and retailers.

You need to make an in-depth local market analysis before deciding to become a solar panel distributor.

Rural areas have a good opportunity because of the infrequent distribution of power or electricity.

Location and Warehouse: Select a location with good connectivity to the local market. You need a warehouse to store the purchased products.

Licences & Registration: Get all licenses, registrations, GST & business insurance if required. How to get products?

The next step is to tie up with an international or domestic manufacturer, considering your local market preferences.

Some of the top International solar panel manufacturers are Trina Solar, Canadian Solar, Jinko Solar, Hanwha W Cells, etc.

In India, we have some top brands like Vikram Solar , Adani, Waaree Solar, etc. You can contact any brand through their website, by filling a distributor/dealer form.

If they have a requirement in your region and you are ready to invest, then they might accept your request. Investments vary from one brand to another.

Get Leads: Reach local dealers and retailers. This would be easy if you tied up with a reputed solar panel brand.

If you have expertise in the electrical industry, you can become a solar inverter distributor by following the same steps mentioned above.

A solar inverter is an advanced version of UPS, Battery inverters. Some of the top brands are ABB, Delta, and Emerson, etc.

Independent Solar Consultant:

A lot of people would like to know is it worth full to install solar on their property, and could benefit from a consultant opinion that looks at the various options and guides them through the entire planning process.

A solar consultant advises customers on the different options available in the solar industry for their upcoming projects.

You can recommend different solar products to your client by providing a detailed analysis of energy-saving and cost estimates.

Compared to the other two, this solar business plan requires much less investment. You need to spend money on promotions, staff, and office rent.

Other advantages are like, there will not be any commitment with a single brand, and you can recommend any brand to the client, as per their requirement.

After getting advice from a consultant, the customer will approach an EPC (Engineering Procurement and construction) contractor to proceed with his project.

Become an EPC Contractor:

EPC contractor’s bags a project from the government or private sector, do the engineering works like design and planning, procure the material from the distributor or manufacturer, and execute the project through his team.

Sometimes EPC contractors hire solar sub-contractors to do the execution or the installation work.

How to become an EPC contractor? After making proper market research get an office space on rent, register your company & get required licenses and certificates from the government and local authorities.

You need manpower to handle both office and site tasks. In the office, you need staff for cost estimation, design, planning, marketing & accounts departments, etc.

If you are planning a small scale EPC, then you can assign multi-tasking to your staf. For site works, you require a supervisor or foreman, skilled and un-skilled labors, drivers, etc.

How to get projects? Start bidding in both government and private sector projects. In the initial stage work with low-profit margins to get some experience.

Getting a project, in the beginning, might be a bit difficult.

This is because you will not be having successfully executed project lists to gain the client’s trust.

So you can start with small projects in the first few months, then you can step into bigger ones. Solar Installation Business Plan

If you have experience in the solar industry then you can easily start a solar installation business.

If you are a newbie, then you can join any training courses and get enough knowledge in the field.

Solar installers can tie-up with EPC contractors, to work as a solar sub-contractor. Here you will be working under EPC contractor to install their designed products.

Since most of the EPCs have their own team for installation, it would not be an easy task to get a tie-up with one.

So getting direct clients is very important because you cannot depend on third-party contractors.

Start executing small residential projects, get some experience, and gradually increase your contacts.

Begin with a sole proprietorship registration and set up a team for executing the work.

Also Read : How start Paint Business | Complete Details

Solar Service and Cleaning Business Plan:

One of the best solar business opportunities is starting a solar service and cleaning business. This doesn’t require big investment compare to other solar business plans we have discussed.

There is a need for solar service and cleaning jobs because clean solar panels produce comparatively more electricity than dirty panels.

And since solar panels are located on rooftops, many customers would prefer to hire somebody to keep their solar panels clean rather than clean them themselves.

How to start? Get some knowledge about the solar cleaning process and understand the need for cleaning service in your locality.

You need a used vehicle for transportation of labor and tools to the site. Require Basic tools like Water Fed Cleaning Pole, Ladders, Hose, Sprayers, Cleaning Solution, Etc.

Running a solar cleaning business can be done by 1 person, however, it’s not going to be easy.

In the beginning stages of starting your solar cleaning company, you can start out by yourself and get experience in every aspect of your business. Later as you grow you can hire 2-3 people to help you in the process.

Marketing options for solar cleaning? Market your business using Contacting EPC contractors, Flyer and brochure marketing to EPC contractors, use social media advertising, Door to Door hangers/brochures to residential locations, etc.

You can also make annual agreements with residents and EPC contractors by offering some discounts.

Selling Solar Products:

If you do not have any knowledge in the solar industry and you don’t want to invest much in the business then the best option will be selling solar products in the market as a retailer.

There are lots of solar products which are already in the market or going to be launched very soon with the thriving demand for solar products.

Products like solar pumps, solar attic fans, solar lights, solar PV, solar thermal systems, even solar chargers, and many other solar products are there which you can sell in the retail market.

Get a Shop and Establishment registration, rent a small shop & get GST registration done.

You will find many solar product dealers in your area, who can supply the variety of solar products as per the requirement in your area.

I hope this guide to the solar business will help you get started. If you have any additional suggestions, feel free to mention them in the comments section below.

India Solar EPC Blueprint

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How to Succeed as a Solar EPC in India?

Use Solar Mango’s India Solar EPC Blueprint to understand everything about this fast-growing opportunity.

Wish to become a successful Solar EPC in India?

Read this definitive guide exclusively for upcoming Solar EPCs – written by experts

Purchase this Expert Guide from Solar Mango

Get Free Market Entry Assistance

To know more about this service, send a note to Ms. Dharini– [email protected] or Call +91 7358263274

About the Report

This comprehensive expert report and guide will be invaluable for those keen on entering the solar EPC business in India.

Solar Mango’s India Solar EPC Blueprint , in addition to providing detailed inputs on the business and revenue models, key market segments, key sales strategies and more, also includes important sections on risks and risk mitigation for solar EPC where it clearly spells out the areas of uncertainties, and how adverse effects of each uncertainty can be mitigated.

Who should buy this report? The India Solar EPC Blueprint is targeted at new and upcoming EPCs and provides them with a strategic framework to take the first steps to becoming a solar EPC. While this guide is intended mainly for new and upcoming EPCs, incumbent EPCs are also likely to find many of the insights useful. The kind of businesses that can gain from such a report are

Large corporates and SMEs keen on diversifying to become a solar EPC
EPC subcontractors interested in becoming a solar EPC
Other solar businesses vertically integrating to the EPC business

Why is it critical to purchase this report?

Due to the low investments required, reasonable profit margins and availability of skilled solar professionals, Solar EPCs are currently an attractive business opportunity in India.

This actionable guide by Solar Mango provides critical data, insights and resources that enable businesses to take their optimal first steps in becoming Solar EPCs.

This report is unique due to the following reasons.

This is not a report. This is an action and strategy blueprint for those keen on becoming a solar EPC in India
This comprehensive document covers all the critical aspects that will enable you to take your best first steps as a solar EPC in India
This report is based on the extensive understanding Solar Mango has of the Indian solar power EPC sector at conceptual and practical levels, and based on the hundreds of interactions we have had with successful EPCs across the country

Why buy this report from Solar Mango?

Solar Mango is a leader in the solar energy research, consulting and education domains for the Indian market.
This India Solar EPC Blueprint is written by industry experts from Solar Mango with experience in business, technical, operational and financial aspects of the Indian solar energy sector.
Our team works with over 30 EPCs from across the country, some of them top tier, and assists them in growing their business.

Obtain a free copy

The Blueprint for Solar EPC Opportunity in India is provided complimentary (free) by solar mango. Those Interested in obtaining a copy are requested to send an email to Dharini with the following brief details:

Your role / designation (If Applicable)
Website (If Applicable)
Your Company Name (If Applicable)
Your City and country
Mobile Number

Please send the above details as an email to [email protected] with the email subject Blueprint for Solar EPC Opportunity in India

India Solar EPC Blueprint – List of Contents

1.Introduction + –

Solar Potential in Various Regions – detailed data and inputs on the solar radiation potential in the various regions of India
In specific states
In specific regional clusters
Residential rooftop
Commercial & industrial rooftop
Captive solar
Sale to utility/third party
Feed in tariffs
Tax holidays and other tax incentives such as accelerated depreciation
Business Models

Characteristics of the two main investment/business models are provided:

Capex model
Revenue Models

Revenue models for ground mounted solar power plants

Sale to utility
A variation of this is group captive
Sale to third party
Captive consumption
Sale to third party (mainly to utility through specific government programs)

2.Indian Solar Market Segmentation + –

State-based segmentation
Residential
Institutions
Very small off-grid Projects (a few 10s of W to 1 kW)
kW size residential Projects (1-10 kW)
Small-medium (10-50 kW)
Large commercial/industrial rooftop (100 kW+)

3.Types of Solar EPCs in India + –

Industrial & commercial rooftop
Ground-mounted solar power plants
Turnkey EPCs
EPCs with Local/Regional Focus
EPCs taking up mainly sub-contract work from larger EPCs
Specific functions alone
Pure- play design firms
EPCs with an O&M focus

4.Business Potential Analysis for Solar EPCs in India – –

5.Segment-wise Potential + –

Ground mounted
Rooftop Solar

6.Region-wise Potential + –

High Potential States – current and future
High Potential Cities & Towns – current and future
Other High Potential Clusters & Regions – current and future

7.Industry-wise Potential (for rooftop & captive) + –

Attractive Commercial Sectors
Attractive Industrial Sectors
Attractive Institutional Sectors

8.Costs & Potential Returns for EPCs + –

Costs to run solar EPC operations
Margins made by solar EPCs in India
Recommended investments by solar EPCs to get superior margins & returns on investments

9.Growth Opportunities for Solar EPCs + –

Vertical integration opportunities for solar EPCs
Value Added Services that can be provided by a Solar EPC

10.Risks & Challenges – –

11.Key Challenges for the Solar EPCs in India + –

Land levelling
Component procurement
Evacuation challenges
Local skill availability
Time and cost over-runs
Financial challenges
Liabilities for a Solar EPC

12.General Risks Associated with Solar Power Plants that EPCs Should be Aware Of + –

Project Completion Risks – Most aspects of a solar PV power plant project are well defined and hence there should not be too many delays. However, this section provides inputs on delays that could yet happen owing to approvals, possible issues with grid extension to the substation, etc.
Policy and Regulatory Risks – This section provides detailed inputs on specific risks that could happen, owing to policy, legal and political constraints, some of which are specific to solar PV power plants.
Technology Risks – While most components of the solar PV power plants have achieved technological maturity, for an investor it is critical to know the exceptions when there could be technology failures. This section provides inputs on possible instances of panel or inverter failure, and also possible failures that can occur in other portions of the solar power plant. The section also provides exclusive details on systems that can be installed to both prevent such failures and minimize the damages in the instance of failure.
Operational and Performance Risks – The key uncertainty for a solar power plant performance is the amount of sunlight available; other than this, performance can be significantly affected due to poor monitoring and maintenance. This section provides detailed inputs on the possible results of underperformance owing to poor maintenance.

13.Insights & Recommendations –

14.Skills and Human Resources Solar EPCs Need + –

Project management
Electrical engineer
Construction engineer
Solar PV design specialist

15.Insights on Marketing, Sales & Distribution + –

How long do sales cycles take and how to shorten them?
Ideal partnerships for sales & marketing
Insights on brand building
Critical Recommendations for Sales Strategies

16.Best of Breed Practices + –

Best-of-breed practices being adopted by solar EPCs in:

Marketing & sales
Post-project implementation

Smart first steps to be taken by solar EPCs

Identifying niches
Identifying key business partners
Putting up a web site
Having a simple but effective brochure/collateral
Evolving a simple but effective positioning and differentiation

Certifications and approvals needed for solar EPCs

Critical Partnerships for Solar EPCs

Business partnerships
Technical partnerships

17.Opportunities for Innovation + –

Technical avenues
Business model avenues
O&M avenues
Other innovation avenues

18.Identifying Profitable Niches + –

Technology niches
Market niches
Other niches
What are the key roles expected by solar EPCs?
O&M, Asset Management and Other Value Added opportunities

19.Leveraging Technology + –

Insights are provided on how solutions providers in India and worldwide are utilizing a range of technology to win in the market place

Smartphone Apps
Automation of a number of EPC functions such as proposal generation
Use of software for evaluating a rooftop for solar power

20.Parameters on Which Solar EPCs are Evaluated by Prospects + –

For rooftop projects
For ground-mounted solar power plants

21.Profiles & Case Studies + –

Profiles of large, medium and small EPCs will be provided
Infrastructure mistakes
Technology mistakes
Operational mistakes
Human resources mistakes
Contractual mistakes

22.Solar Power Plant Reference Details –

23.Land and Infrastructure Requirements for Setting up the Solar Power Plant + –

Land Details – Area required, and other pre-requisites for the land
Details will also be provided for what portion of land is required for what purpose.
Region in Which the Land is Located
Evacuation infrastructure required
Access to location through roads
Availability of water
Data on relevant environmental aspects such air pollution.

24.Estimating Generation from Your power plant + –

Type of panels used
Types of inverters used
Plant layout
Region in which the power plant is located
Grid uptime
Panel degradation
Suggestions and recommendations to significantly increase the output from your solar power plant. These are based on real life inputs collected by the Solar Mango team from across India.

25.Technical Features and Equipment for the Solar Power Plant + –

Overview of Solar Power Plant Technologies
Details of types of panels and their specifications
Details of lifetimes and warranties
Crystalline silicon or thin film silicon panels
Checklist based on efficiency, grade, Tier, temperature coefficient, anti- PID and more
Details of mounting structures, materials made of
Checklist for mounting structure selection
Central or string inverters
Details of types of panels you plan to use, their specifications
Checklist for inverter selection
Details of single and dual axis trackers
Details on components of a tracker and how to choose the right tracker
Checklist for tracker selection
Other Balance of Systems Monitoring Systems
AC Side Electricals Such as Transformers, Switchgear, Cables…
Details of distance from solar power plant to sub-station and how it affects costs
Details of the substation requirements – load capacity and related data
Details of Load Flow Study Required for Your Solar Power Plant
Civil and Architectural Requirements

26.Financial Analysis of Rooftop & Ground-mounted Solar Power Plants + –

Comprehensive financial analyses are provided for a number of scenarios. This section will critically aid you and your team to fully evaluate the financial feasibility of investing in a solar power plant.

Generation including yearly degradation
Debt-Equity ratio
Estimated cost of financing
Additional fund requirement during the plant’s lifetime, if any
Capital Cost for the Project – detailed break-up of the capital costs
Operating & Maintenance Costs
Interest costs
Total Cost of Power Generation
Illustrations for levelized cost of electricity (LCOE) estimates
Year by Year Revenue for 25 years based on tariff assumptions
Comprehensive Project Cash Flow Analysis
Payback Period and IRR
Scenario Analysis – this is a critical aspect, as investors are keen to know about the uncertainties involved in the project and how the project financials would perform under best and worst case scenarios
Summary of Financial Analysis and Inferences

27.Annexure + –

Details of latest solar policies in India, both central government policies and policies for various states.
Line Diagram and Schematic Diagrams for the Solar Power Plant
Project Implementation Schedule
List of key component suppliers – for Panels, Inverters, Cables, Mounting Structures, Monitoring Systems
Price estimates for the various components and trends for these in the last few years

28.Summary, Inferences & Recommendations – –

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Solar PV in India: An Overview and Future Prospects

by Narasimhan Santhanam Director - EAI | Jan 29, 2024 | Rooftop Solar , Solar Energy , Solar Photovoltaic | 0 comments

The Indian solar photovoltaic (PV) sector has emerged as a dynamic and rapidly growing market, playing a crucial role in the country’s energy landscape. As of early 2023, India has made significant strides in solar energy, with a notable increase in solar capacity installations, reflecting the nation’s commitment to expanding renewable energy sources.

Historical Context and Growth

Historically, India’s journey in solar energy began with modest installations, primarily focused on small-scale applications. However, with the launch of the National Solar Mission in 2010, a part of the National Action Plan on Climate Change, India set ambitious targets for solar energy production. This initiative marked a turning point, accelerating the adoption of solar PV across the country.

Over the years, solar PV technology in India has evolved, transitioning from being a niche, expensive option to a mainstream and cost-competitive energy source. The decrease in solar PV module prices globally has played a crucial role in this transformation. As a result, solar power tariffs in India have seen a dramatic reduction, making it one of the cheapest sources of energy in the country.

Current State of Solar PV

As of early 2023, India stands as one of the top countries in solar energy production, with a substantial portion of its renewable energy portfolio coming from solar PV. The government’s supportive policies, such as the Production Linked Incentive (PLI) scheme, have incentivized domestic manufacturing, reducing reliance on imports and creating a more self-reliant solar ecosystem.

The expansion of solar PV in India is not just limited to large-scale solar parks. Rooftop solar installations have also gained popularity, driven by favorable policies and increasing awareness among consumers about the benefits of solar energy. These installations play a critical role in meeting the energy needs of urban areas and reducing the dependency on the grid.

Future Prospects and Challenges

Looking towards the future, India’s solar PV sector is poised for significant growth. The government’s target of achieving 450 GW of renewable energy capacity by 2030, with a substantial contribution from solar energy, sets a clear direction for the sector’s expansion. This ambitious goal underscores the nation’s commitment to transitioning towards a more sustainable and less carbon-intensive energy mix.

However, the path to achieving these targets is not without challenges. Issues such as land acquisition, grid stability, and storage technologies remain areas that require attention and innovation. Developing efficient energy storage solutions is particularly crucial for managing the intermittent nature of solar power and ensuring a stable energy supply.

Furthermore, India’s solar PV sector must navigate the complexities of global supply chain disruptions and trade policies. Building a robust domestic manufacturing base for solar components is essential to mitigate these risks and ensure a steady supply chain.

In conclusion, the solar PV sector in India presents a landscape of vast opportunities coupled with challenges that need strategic solutions. With continued government support, technological advancements, and increasing public and private sector participation, the future of solar PV in India looks promising. As the country strides forward in its renewable energy journey, solar PV will undoubtedly play a pivotal role in shaping a sustainable and energy-secure future for India.

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About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

Net Zero by Narsi is a series of brief posts by Narsi, on decarbonization and climate solutions. See all...

Strategy consulting :

Solar power
Electric mobility

Emerging cleantech consulting

Cleantech market research assistance

EV Intelligence - EVNext @ EAI

Green Hydrogen Economy

EAI TopHire - cleantech top management recruitment

Solar product business plan

My own Hardwork and Research... Read less

1. Business Plan SOLAR PANELS AS A COST EFFICIENT ENERGY SOURCE FOR INDIA
2. Scope of presentation  Introduction.  Solar energy.  Executive Summary  Company.  Our Goals and vision.  Project Objectives.  Opportunities.  Product & Services.  Management.  Market Analysis.  Suppliers.  Financial Outlay.
3. Introduction. • Solar energy as its name shows the energy of the sun. since the beginning of mankind we have used the energy of the sun to dry clothes and food but it wasn’t until 1954 scientists in the United States worked out a way to use the sun to create electricity. • Now our company brings this system in India from China in a very suitable price and with new innovation.
4. SOLAR ELECTRICITY. • A THING WHICH CAN DESERVE YOU. • A POWER OF LIGHTS. • A WAY TO GET RID FROM ELECTRICITY DEFICIT. • A POWER THAT YOU CAN TRUST.
5. Executive Summary Current Situation - Electricity crisis. Use of UPS / Generators leads to high utility bills. Our aim is to reduce expenditures on light and ensure savings on replacement costs. Solar energy is freely available without caring for utility expenses. No import duty on solar chips – reduction in expenses.
6. Company Company Name SUN LIGHT ENERGY SOLUTIONS PVT LTD. Mission Statement To properly initiate, market and provide best solar lighting systems, while considering customer's cost cutting factor in this economical era and keeping our solar panels affordable, keeping customer requirement in focus.
7. Goal and Vision • The target of the company is to get a lion share of the very limited industry of solar energy in India. We are committed to giving our clients the highest level of service possible. • “Our goal is to bring this clean, abundant and renewable source of energy home to you. • We believe, that with your help, solar energy technology can change the world.
8. So welcome…. to the cutting edge of human history! “Quality Is Your Best Investment”
9. Project Objectives 1/2 Providing the customized service with a reasonable price. Increase the growth rate of sales. Provide the product/service quicker then the competitors. Become successful in the specified area. Increase the level of awareness in between customers. Maintain a staff of enthusiastic employees for excellent service to customer.
10. Project Objectives 2/2 Increasing average monthly sales in first year to reach break-even. To provide long lasting and durable products. Increase customer awareness regarding the solar energy alternative through effective promotional tools.
11. Opportunities
12. India is currently ranked number one along with the United States in terms of solar energy production per watt installed With about 300 clear, sunny days in a year, India's theoretical solar power reception, on only its land area, is about 5 Petawatt-hours per year (PWh/yr) (i.e. 5 trillion kWh/yr or about 600 TW). Our aim is to provide the fastest way to overcome the energy shortage through electrification based on solar energy by offering products that would be cost effective in the long run . Import Solar Chips of different capacities from China . Provide our target market with a complete Solar Panel System comprising of a battery and a charger. Main focus is the creative application of solar technology and creating awareness . Offering of ‘customized’ packages of products according to customer’s requirements .
13. Products & Services
14. Solar Panel Systems System Parts Solar panel (Will be Imported from Xuzhou Focus Solar Group Co , Ltd .) China (Mainland) Battery (will be purchased from distributor) Charger (will be purchased from distributor)
15. Solar Panel Systems Solar Panels There are 3 types of solar panels available: Mono crystalline Poly crystalline Multi crystalline Sunlight Energy Solutions will import all chips depending on the demand and the requirement, but the main emphasis will be on Multi crystalline chips. Energy stored in batteries of these solar panels can be used to power lights for two to three days.
16. Solar Panel Systems Battery Lead acid batteries are required for storing energy produced by solar panels Charger A device connected with the solar panel and the battery and allows the flow of current from battery during night time
17. Supportive Products Light Emission Diode (LED) are environment friendly with approximately 6 years life. Pendant Lights used as decoration lights in events. Flood Lights used to light up bill-boards. Customized Packages such as laptop bag solar charger, any home appliance powered by solar energy etc.
18. Services Sale of Solar Panel System for household Sale of solar equipments and custom made commodities to the target market Rent solar panel systems to advertising agencies for lightening the bill boards. Lighting services for event management.
19. Management
20. Team The management would comprise 3 Managers, in Marketing, Finance and Electric. There is one Assistant marketing Manager, and one accountant. There are three highly skilled electricians. Initially Office will be in Gurgaon.
21. Hierarchy CEO Marketing Finance Electric Manager Manager Manager Electrician 1 Asst. Marketing Accountant Electrician 2 Manager Electrician 3
22. Marketing Analysis
23. Target Market Users of Outdoor Products and Services Corporate sector ( bill boards & hoardings) Retail outlets Beauty saloons Fast food chains Educational institutes Street lights and Street signals (Long term planning) Real-Estate Developers Builders Residential Societies
24. Target Market Users of Indoor Products and Services Household users Hostelites Hospitality service providers
25. Marketing Strategies Public Relations Conduct seminars on corporate level to attract clients of advertising agencies Information about company and products on Website Above the Line Advertisements on billboards and news paper Sales Discount Free LED with every purchase of product Giving discount on bulk buying of products
26. Suppliers Our main suppliers would be from China Major suppliers are: Coursertech Co., Ltd Delight Lighting Co., Ltd. Danyang Hopesun World Business Co. Ltd. Greenwood Solar China. Co Ltd.
27. Competitors Main Competitors Liberty Lighting India Bhambri enterprises Micro Sun Solar Tech Currently the marketing strategies of the competitors are not very effective and they are unable to create demand for the product. So our main focus would be on the proper marketing of our products along with their usage and benefits
28. Financial Outlay
29. Competitive Edge Very less number of player in this segment Cost effective equipments Real time marketing strategies Durability of products Emerging market 100% Customized product B2B services (Advertising and Decors of events) B2C services (fittings and Installation of products) Renting services After sale services.
30. Thank you!

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PDF static.pib.gov.in
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