Solar Power Installation Business

Therefore offering repair and maintenance service is a lucrative business to start in the solar.

Solar power installation business.

Solar installation business installation of the entire solar system solar sales business market the systems to homeowners and business and get paid a commission on each sale after installation solar manufacturing business manufacture the panels and all other associated parts including racks inverters etc. After the installation of the solar project it demands regular maintenance check and repair. By 2022 over 17 gw of solar photovoltaic panels will be installed annually. California is planning to pass this mandate in 2020 and it s projected to drive an 11 000 12 000 solar panel installation demand starting this 2019.

Solar panels are used to power different kinds of electronic equipment from solar powered handheld calculators that will function as long as sunlight is available to remote solar powered sensor arrays in buoys and even some experimental vehicles and boats. This is actually an aftermarket service based business. That said offering solar pv installation is an excellent place to begin your new business. Solar system repairing maintenance.

For instance the state of california is planning to mandate newly built residential homes to install solar panels to increase the number of solar panel users in the state. The federal investment tax credit itc for solar is equal to 30 of the amount invested in an eligible installation e g if you invest 100 000 in solar you could receive a 30 000 tax credit. Possible challenges and threats of starting a solar panel installation business.