Is Solar Panel Business Profitable In India

We are electrical contractors that have executed multiple ehv and substation projects till date.

Is solar panel business profitable in india.

Is solar business profitable in india. 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. Additionally solar items repairing is one of the most profitable solar business opportunities in india. However it required some maintenance from time to time.

If you can sell at rs 5 per unit you make 80 lacs per year. How to start a solar business 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. Solar systems last a long time.

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. We are authorized by the central public works department cpwd. To instal 1mw you need to spend around 8 crore.

Is crucial learn why. In fact solar energy business profitability at the top position at present and this will stay there in future also. Moreover solar panel or solar business is one of the most profitable businesses in today s time. Did you know that according to a recent report india is the third largest solar market in the world after china and the us.

Over 60 of our clients are public sector and 40 is. For 1mw per year you get 1 6 millon units of power. 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.