Solar Panel Business Profit India

It all depends on what criteria you are using to choose a solar panel franchise company in india therefore always do a market research before investing.

Solar panel business profit india.

In india the main government aid or initiative was taken in the field of solar energy production and business is the jawaharlal nehru national solar mission jnnsm which aims at producing 20 thousands megawatt of solar energy by the end of 2022. Therefore you can take franchise within 20 000 to 32 000 solar panel installation and commissioning company franchise are given by bharat solar energy in all over india for this different franchise charges are applied citizen who lives in town area can request for the franchise only rs 20 000 alternatively tier 3 city where you need to invest. Of india mnre latest guidelines state that now anyone can generate electricity through solar power system and surplus electricity can be export through net metering system. Solar panel franchise in india.

This can cover twenty million square meters of area for collecting solar energy. How much profit can a solar panel business make. Moreover solar panel or solar business is one of the most profitable businesses in today s time. The cost for solar power in q4 2019 was below 20 per kwh in all of the states recorded.

A typical return is about 6 per year but this requires a long term investment strategy as the company owner. Today anyone can set up a solar power plant with a capacity of 1kw to 1mw on your land or rooftop spaces. The business is very profitable and it ensures a lucrative revenue also. Solar panel franchise in india the best solar panel franchise in india you get more you will earn.

When you operate a leased solar panel business your profit will depend entirely on the number of panels that you have installed. For consumer and business applications photovoltaic solar panels are much more common than other types. Apart from the fresh panel installation you can also offer to repair service also. 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.