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. Solar systems last a long time. This is the primary vertical of the business as it generates most of the business revenue. We have over 15 20 contracts currently out of which 2 3 are maintenance contracts.

Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc. So here are some of the major business opportunities which are discussed in brief which one can invest their money into if they want to get into this industry of solar power. Did you know that according to a recent report india is the third largest solar market in the world after china and the us. Additionally solar items repairing is one of the most profitable solar business opportunities in india.

Is solar business profitable in india. We are authorized by the central public works department cpwd. So after 10 years all the 80lacs is your margin. Over 60 of our clients are public sector and 40 is.

However it required some maintenance from time to time. The central and state governments have been laying great emphasis on solar business and initiated agricultural solar pump schemes with full swing across many states in india. Is crucial learn why. We are electrical contractors that have executed multiple ehv and substation projects till date.

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. Moreover solar panel or solar business is one of the most profitable businesses in today s time. How to start a solar business in india.