Solar Panel Business Scope In India

In starting a solar panel installation business you must have sufficient knowledge and technical skill.

Solar panel business scope in india. Loom solar aims to become the most popular brand in india by 2020. Loom solar is india s no. Solar power in india is a fast developing industry. The indian government had an initial target of 20 gw capacity for 2022 which was achieved four years ahead of schedule.

Solar is a 100 billion 6 lakh crore business revolution in india. The business is very profitable and it ensures a lucrative revenue also. The solar policy aspires a target of 1000 mw of solar energy generation and about rs 130 billion was announced in 2009 which promise to generate 20 gw of solar energy by 2020 in the state 228. It s a 5 years agreement of business partnership plan what will be renewed automatically.

1 mono panel manufacturer that manufactures 10 watt 340 watt solar pv modules in poly and monocrystalline technology. Do you know that according to the recent reports india is the 3rd biggest solar market in the world after china and the us. Apart from the fresh panel installation you can also offer to repair service also. The country s solar installed capacity was 35 739 mw as of 31 august 2020.

India s solar industry may soon get incentives to boost manufacturing and cut chinese imports. In 2015 the target was raised to 100 gw of solar capacity including 40 gw from rooftop solar by 2022 targeting an investment of us 100 billion. Make sure you benefit from this opportunity the explosive growth of the solar sector in india has had many large and small businesses consider entering the solar space key decision makers in large corporates millions of small businesses and enterprising individuals are exploring the best ways to enter the solar energy sector. India imported 2 16 billion worth of solar photovoltaic pv cells panels and modules in 2018.

Starting a solar business is one of the biggest business opportunities nowadays.