With an average of 300 sunny days a year, ample rooftop space and push from Modi Government, India is witnessing a solar boom. In the coming 5 years, there will be a solar revolution in India – like mobile phone revolution. We are a country of billion plus people if something catches on it is bound to be BIG!
Wouldn’t you want to cash in on green energy in India by starting a solar business? If your answer is ‘yes’ then continue reading how you can start a solar business with little investment and help India go green.
No Need to Manufacture Solar Products
By solar business, we do not mean that you have to manufacture solar products. In the past few years, many small regional players have entered India’s solar market that makes solar products such as panels, batteries, charge controllers, etc.
However, people still prefer buying solar packages from a brand that they trust. There is no need to re-invent the wheel. You just need to find the right brand and associate it with it.
3 Ways to Start a Solar Business in India and Make Money
A lot of solar companies in India are giving a golden opportunity to people who are passionate about green energy. Don’t worry if you do not know the technicalities or do not have money to invest in the business. We have got it all covered. The following three solar business opportunities are very flexible and one of these would definitely suit you.
1. Become Solar Business Associate
Your investment: 25,000-40,000
This role is made for someone who has strong influence and keen interest in making people go solar despite having little technical knowledge about solar power. You could be a retired bank manager, head of your RWA, Principal of a school or star of a women’s club – as long as you can convince people around you to go solar, companies want YOU! Solar Companies will provide you with all the information and knowledge to suggest solar solutions to people.
Solar Companies will also help you reach more people in your areas by providing you sales and marketing support. Remember, your customers like to buy solar solutions from a reputable company that can be relied upon for excellent lifetime service. Brands have already carved out space in people’s homes and hearts. With their support, you will be able to do more solar installations.
How Much Can You Earn by Becoming Solar Business Associate?
There is no limit! Depending on the kind of leads you get for solar companies you can earn anything between Rs. 10,000 to 20 lacs or even crores.
2. Associating with Solar Companies if You Are a Solar System Integrator
Your investment: 50,000 – 2,00,000
If you are a solar system integrator with a technical team and have been doing solar system installations then tying up with solar companies will increase your profits and reach.
You can be empaneled and certified system integrator for all solar projects in your preferred areas. For installation, you will be paid as per the pre-negotiated rate based on project size.
3. Become Solar Dealer or Distributor
Your investment: 2,00,000 and above
Companies manufacture all types of solar products such as panels, solar batteries, charge controllers, solar home lighting systems, solar inverters, solar PCU, etc. If you associate with solar companies then you will be able to procure all the products from them at a special discounted rate.
If you would like to become a solar company’s channel partner and sell their solar products then you need to have a sales team, a technical person, money for developing your business. Solar companies will provide marketing and training support to you. They will train you and your team to answer customers’ questions about their products but you MUST have a technical person on board just to make sure that the right products are reaching the customers depending on their needs.