Is Solar Panel Business Profitable In India

However it required some maintenance from time to time.

Is solar panel business profitable in india.

So after 10 years all the 80lacs is your margin. We are electrical contractors that have executed multiple ehv and substation projects till date. For 1mw per year you get 1 6 millon units of power. So it is very clear that this is one of the best business ideas in india.

Is crucial learn why. Solar systems last a long time. 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.

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. Is solar business profitable in india. We are authorized by the central public works department cpwd. Over 60 of our clients are public sector and 40 is.

Especially on older systems it might need upgradations with new inverters wiring replacement storm damage repairs etc. 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. This is the primary vertical of the business as it generates most of the business revenue. Did you know that according to a recent report india is the third largest solar market in the world after china and the us.

How to start a solar business in india. To instal 1mw you need to spend around 8 crore. We have over 15 20 contracts currently out of which 2 3 are maintenance contracts.