BUSINESS PLAN

Cheap home solar energy

What is solar energy

■ The amount of sunlight that strikes the earth's surface in an hour and a half is enough to
handle the entire world's energy consumption for a full year. Solar technologies convert
sunlight into electrical energy either through photovoltaic (PV) panels or through
mirrors that concentrate solar radiation. This energy can be used to generate electricity
or be stored in batteries or thermal storage.
■
The solar business in India is growing at more than 3 times the pace. Many of the
resellers who initiated the engagement with Loom Solar as dealer have now upgraded to
distributor of their district and many who initiated their journey as influencers have now
taken the installer practice and have started earning more than double.
 Why solar energy?
■ Renewable energy sources are here to stay as consumers become more aware of their
daily impact on the environment. Helping the environment can also be good business.
Starting a solar energy business could mean becoming a solar panel installer, a
distributor of solar products or a provider of many other types of solar energy services
and products. It will help in cleaning the environment and it is a eco-friendly source for
the environment.
■ Businesses and industry use solar technologies to diversify their energy sources,
improve efficiency, and save money. Energy developers and utilities use solar
photovoltaic and concentrating solar power technologies to produce electricity on a
massive scale to power cities and small towns.
Benefits of solar energy?

1. Less water usage:

Solar panels do not require water to function, while conventional electricity source use tens
of thousand of liters of water every year. The power sector in India mainly utilizes plants
for cooling generations, processing/refining fuel and transporting fuel through pipes.
2. Mitigates air pollution:
Fossil fuel generates harmful gases like methane and carbon dioxide which reduce the air
quality. Air pollution can hinder our health and well being by causing anxiety, headaches,
pneumonia, heart attacks, asthma, bronchitis and allergies. Solar energy dramatically
reduces carbon emissions in the air you breathe, which improve your overall health.
Slows down climate change:
The burning of fossil fuel increases the presence of greenhouse gases like carbon dioxide
and methane into the atmosphere that contributes to enhanced greenhouse effect which is
warming our planet faster than before. The consequent increase in global temperature results
in the melting of glaciers, rising sea level, which in turn causes a number of calamities like
cyclone, frequent floods, extreme heat and drought. On the other hand generating electricity
from solar panels does not produces any greenhouse gases and therefore helps to slow down
climate charge.

Lower consumption of fossil fuel:

We have always largely depended on coal, oil and natural gas for our energy need . Fossil
fuels are finite in nature and cannot keep up with the increasing demand of energy and are
major contributors for pollution. Solar energy, on the other hand, is abundant and can be
endlessly harnessed to meet global energy consumption, reducw energy costs and ensure a
stable energy future.
Reduces carbon footprint:
The term ”carbon footprint” is used to account for the release of greenhouse gases,
primarily carbon dioxide, into the atmosphere by human activity. The major contributor
towards carbon footprint is the use of fossil fuel. Alternatively, solar energy is one of the
cleanest forms of energy. For every 1 megawatt-hour (MWh) o solar energy produced, 0.5
to 1 ton of carbon dioxide is offset.
What are the costs involved in opening a
solar panel business
■ There will be a significant investment required in order to obtain your first shipments of panels
to be installed in a home or business. If you are looking at franchise opportunities, they require a
minimum payment of between 1,00,000 to 3,50,000 just to gain access to their assigned region.
■ Without a franchise, expecting to invest up to 5,00,000 will enable you to initially market, hire a
crew, and perform the first round of installations over the course of one year.
■ You will be responsible for payroll,
■ ordering panels from a distributor for each job,
■ marketing, and paying the energy company on behalf of leased customer accounts.
■ You will likely have an office space,
■ delivery vehicles,
■ and ongoing training to maintain licenses.
Location to start a business
Location to start mt business is Civil Lines, Delhi
Why do I prefer civil lines to be the location I start my business ?
1. It is a well develop area
2. It is a very populated area
3. Civil lines is the center and mat attract people
4. It will overall increase revenue.
Empolyees required are atleast 12-15 members
Delivery charges free of cost.
How does a solar panel business make money?

■ Whether you work with a franchise or wholesaler, your installation business makes
money through the successful installation of solar units. Some leasing programs
generate regular income by charging their customers a monthly bill, which includes the
cost of the panel installation and any extra power the customers are using from the grid.
Otherwise, the customer pays a retail rate upfront for their panels and appropriate labor
costs for connecting their panels to their home and the power grid.
 How much can you charge customers?
■ A residential installation can be priced anywhere from 10,000 to 50,000, depending on
the size and type of panels installed.
■ Leases with a zero rupee down payment can run anywhere between 2000-3000 monthly
depending on the type of client and the size of the installation.
■ Payment can be made within 6-7 months
How can you make your business more profitable?

■ Your largest costs will be purchasing the panels from the distributor and your payroll.
You can control supply costs by purchasing large lots of panels and using them for
multiple jobs, lowering your per unit cost. 
■ Another way to increase profits is to reach out to other solar panel contractors to offer
assistance as a sub-contractor. This way you can form strong professional relationships
in your area, and also take on larger projects than your team might otherwise come
across
How does a solar panel business make money?

■ Whether you work with a franchise or wholesaler, your installation business makes
money through the successful installation of solar units. Some leasing programs genrate
regular income by charging their customers a monthly bill, which includes the cost of
the panel installation and any extra power the customers are using from the grid.
Otherwise, the customer pays a retail rate upfront for their panels and appropriate labor
costs for connecting their panels to their home and the power grid.
How will you attract customer?

■ Ads
■ Hoardings on road
■ Discount relations
■ Free delivery
■ Installation payments