Solar Panel Business Profit India

Solar panel franchise in india the best solar panel franchise in india you get more you will earn.

Solar panel business profit india.

The cost for solar power in q4 2019 was below 20 per kwh in all of the states recorded. In india the main government aid or initiative was taken in the field of solar energy production and business is the jawaharlal nehru national solar mission jnnsm which aims at producing 20 thousands megawatt of solar energy by the end of 2022. A typical return is about 6 per year but this requires a long term investment strategy as the company owner. For consumer and business applications photovoltaic solar panels are much more common than other types.

Of india mnre latest guidelines state that now anyone can generate electricity through solar power system and surplus electricity can be export through net metering system. In fact solar energy business profitability at the top position at present and this will stay there in future also. Solar panel franchise in india. This can cover twenty million square meters of area for collecting solar energy.

Today anyone can set up a solar power plant with a capacity of 1kw to 1mw on your land or rooftop spaces. Apart from the fresh panel installation you can also offer to repair service also. Moreover solar panel or solar business is one of the most profitable businesses in today s time. How much profit can a solar panel business make.

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. When you operate a leased solar panel business your profit will depend entirely on the number of panels that you have installed. The installation of net metering at the site will connect it to grid via state. The business is very profitable and it ensures a lucrative revenue also.