Is Solar Panel Business Profitable In India

So it is very clear that this is one of the best business ideas in india.

Is solar panel business profitable in india. In fact solar energy business profitability at the top position at present and this will stay there in future also. We have over 15 20 contracts currently out of which 2 3 are maintenance contracts. Is crucial learn why. The central and state governments have been laying great emphasis on solar business and initiated agricultural solar pump schemes with full swing across many states in india.

Moreover solar panel or solar business is one of the most profitable businesses in today s time. For 1mw per year you get 1 6 millon units of power. This is the primary vertical of the business as it generates most of the business revenue. To instal 1mw you need to spend around 8 crore.

Additionally solar items repairing is one of the most profitable solar business opportunities in india. If you can sell at rs 5 per unit you make 80 lacs per year. Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc. Did you know that according to a recent report india is the third largest solar market in the world after china and the us.

Solar energy is not just a business that you can make a profit out of it but it is an initiative to make india bright and to enlighten indian cities and the population. However it required some maintenance from time to time. So after 10 years all the 80lacs is your margin. We are authorized by the central public works department cpwd.

How to start a solar business in india. Is solar business profitable in india. Over 60 of our clients are public sector and 40 is.