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.

In fact solar energy business profitability at the top position at present and this will stay there in future also. If you can sell at rs 5 per unit you make 80 lacs per year. How to start a solar business in india. Solar systems last a long time.

So after 10 years all the 80lacs is your margin. Over 60 of our clients are public sector and 40 is. So it is very clear that this is one of the best business ideas in india. However it required some maintenance from time to time.

This is the primary vertical of the business as it generates most of the business revenue. We are authorized by the central public works department cpwd. Moreover solar panel or solar business is one of the most profitable businesses in today s time. 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.

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. To instal 1mw you need to spend around 8 crore. 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.

We have over 15 20 contracts currently out of which 2 3 are maintenance contracts. Is solar business profitable in india. Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc.