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.

Is solar panel business profitable in india.

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. Is crucial learn why. How to start a solar business in india.

This is the primary vertical of the business as it generates most of the business revenue. We are electrical contractors that have executed multiple ehv and substation projects till date. Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc. We have over 15 20 contracts currently out of which 2 3 are maintenance contracts.

Over 60 of our clients are public sector and 40 is. However it required some maintenance from time to time. Solar systems last a long time. We are authorized by the central public works department cpwd.

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. 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.

So it is very clear that this is one of the best business ideas in india. Is solar business profitable in india. So after 10 years all the 80lacs is your margin.