Is Solar Panel Business Profitable In India

If you can sell at rs 5 per unit you make 80 lacs per year.

Is solar panel business profitable in india. So after 10 years all the 80lacs is your margin. 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. Solar systems last a long time.

We are authorized by the central public works department cpwd. However it required some maintenance from time to time. We have over 15 20 contracts currently out of which 2 3 are maintenance contracts. We are electrical contractors that have executed multiple ehv and substation projects till date.

Moreover solar panel or solar business is one of the most profitable businesses in today s time. To instal 1mw you need to spend around 8 crore. 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. 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.

Additionally solar items repairing is one of the most profitable solar business opportunities in india. So it is very clear that this is one of the best business ideas in india. Over 60 of our clients are public sector and 40 is. Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc.

This is the primary vertical of the business as it generates most of the business revenue. How to start a solar business in india. Is solar business profitable in india.