Is Solar Panel Business Profitable In India

We are authorized by the central public works department cpwd.

Is solar panel 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. Over 60 of our clients are public sector and 40 is. We have over 15 20 contracts currently out of which 2 3 are maintenance contracts. Is crucial learn why.

Is solar business profitable in india. For 1mw per year you get 1 6 millon units of power. We are electrical contractors that have executed multiple ehv and substation projects till date. To instal 1mw you need to spend around 8 crore.

If you can sell at rs 5 per unit you make 80 lacs per year. Did you know that according to a recent report india is the third largest solar market in the world after china and the us. 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. 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. So after 10 years all the 80lacs is your margin. So it is very clear that this is one of the best business ideas in india. 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.

How to start a solar business 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.