{"id":5888,"date":"2025-08-29T18:53:26","date_gmt":"2025-08-29T13:23:26","guid":{"rendered":"https:\/\/www.solarsquare.in\/blog\/?p=5888"},"modified":"2026-02-09T17:23:26","modified_gmt":"2026-02-09T11:53:26","slug":"how-to-start-a-solar-panel-business","status":"publish","type":"post","link":"https:\/\/www.solarsquare.in\/blog\/how-to-start-a-solar-panel-business\/","title":{"rendered":"How to Start a Solar Panel Business in India? Step-by-Step Guidance Offered"},"content":{"rendered":"\r\n<p><span style=\"font-weight: 400;\">Starting a solar panel business in India in 2026, after the country surpassed 100 GW of installed solar capacity, is an ideal time to break into the market and achieve profits. The solar sector has grown by over 3,450% in the past decade due to rising energy demand and a strong government push through subsidies and schemes, such as the PM Surya Ghar Muft Bijli Yojana and net metering. But this growth has also brought intense competition. So, learning how to start a solar panel business the right way is more crucial than ever.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">The right way to start a solar panel business begins by asking yourself the right questions.\u00a0<\/span><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you want to start small as a solar dealer and grow into a full-fledged EPC company over time?<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you have the capital and technical team to become a <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-panel-manufacturers-in-india\/\"><b>solar panel manufacturer<\/b><\/a><span style=\"font-weight: 400;\">?\u00a0<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you want to target <\/span><a href=\"https:\/\/www.solarsquare.in\/homes\"><b>rooftop solar panel systems for homes<\/b><\/a><span style=\"font-weight: 400;\"> and housing societies or focus on <\/span><a href=\"https:\/\/www.solarsquare.in\/commercial\"><b>commercial rooftop systems<\/b><\/a><span style=\"font-weight: 400;\"> for businesses and industries? Or would you like to target both residential and commercial sectors?<\/span><\/li>\r\n<\/ul>\r\n<p><span style=\"font-weight: 400;\">Whether or not starting a solar business in India requires a considerable investment depends on what you want to do. For instance, if you want to start as a manufacturer or a solar installation company, you will need to secure funding or a loan to afford materials, manufacturing units, and a full-fledged team of engineers, designers, and sales representatives.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">In this blog, we\u2019ll explain how to start a solar panel business from the bottom up, so even if you do not have a lot of capital and time to start this full-time, you can slowly make your way up. We will also explain why it\u2019s a great time in India to start a solar panel business of your own and what kind of knowledge you should acquire about the <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/latest-technology-in-solar-panels-in-2024\/\"><b>latest solar panel technology<\/b><\/a><span style=\"font-weight: 400;\"> to be successful at what you do.\u00a0<\/span><\/p>\r\n<h2><span class=\"ez-toc-section\" id=\"TLDR_Summary_Box_Is_a_Solar_Panel_Business_Profitable\"><\/span><b>TL;DR Summary Box: Is a Solar Panel Business Profitable?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">The solar business in India is booming, and the numbers make it clear why it\u2019s a great way to earn.\u00a0<\/span><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Over the last 10 years, solar capacity has increased from 2.82 GW to 110.9 GW. In 2024-25 alone, India added a record 23.83 GW of solar power.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renewable energy now accounts for 22.2% of all the electricity we generate, up from 17.2% in 2014-15.\u00a0<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Projects worth 176.7 GW are already being built, and another 72 GW are in the bidding stage.\u00a0<\/span><\/li>\r\n<\/ul>\r\n<p><span style=\"font-weight: 400;\">All of this means one thing: there\u2019s a huge and growing demand for people who can sell, install, or service <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/types-of-solar-panels\/\"><b>solar systems<\/b><\/a><span style=\"font-weight: 400;\">. If you\u2019re thinking about starting a solar business, this is honestly the best time to do it.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here are the main topics we\u2019ve covered in this blog in detail:<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Main Topics<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Key Takeaways<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">What is a solar panel business?<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">It\u2019s a business where you sell, install, or service solar systems to help people and companies switch to solar power and save on electricity bills. You can work with homes, offices, factories, or all three.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Why should you start a solar panel business in India?<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Solar energy is growing rapidly in India, and the government is offering subsidies and loans to support its development. There is a significant demand, good profit potential, and a diverse range of customer types to work with.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Steps to start a solar panel business in India\u00a0<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">First, conduct thorough research, select the right business model, register your company, obtain necessary licenses, and secure funding. Then, set up your team, acquire the necessary tools, market your business, and take on your first projects.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">What are the types of solar businesses you can start in India?<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">You can be a solar dealer, installer, manufacturer, service provider, or run a full EPC company.\u00a0<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">What are some funding options for starting a solar panel business in India?<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">You can apply for MSME loans, solar park schemes, and MNRE grants. Banks, angel investors, and venture capitalists also invest in solar startups.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">What are the licenses required to start a solar business in India?<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">You need to register your company, obtain GST and MSME registrations, and apply for local and state licenses, such as an electrical contractor&#8217;s license and shop license.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Latest solar technology details you must know to succeed in your solar business<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">New tech like bifacial panels, mono-PERC cells, and MPPT inverters work better than old models. Residential customers also get subsidies for made-in-India panels under the latest government schemes.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><span class=\"ez-toc-section\" id=\"How_to_Start_a_Solar_Panel_Business_in_15_Steps\"><\/span><b>How to Start a Solar Panel Business in 15 Steps?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">Starting a solar panel business needs systematic planning and execution across multiple phases. We\u2019ve broken down a list of 15 practical steps into six clear phases, starting from research and planning to business launch.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s an overview of all six phases and 15 steps you can follow to start your own solar panel business in India:<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Phases to Start a Solar Panel Business of Your Own<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Steps to Follow to Start a Solar Panel Business the Right Way<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Phase 1: Research and planning<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 1: Conduct market research<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 2: Choose your business model<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 3: Create a detailed business plan<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Phase 2: Legal set-up and funding<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4: Register your business<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 5: Secure required licenses<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 6: Arrange funding<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Phase 3: Infrastructure and team building\u00a0<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 7: Set up office and warehouse<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 8: Build your team<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 9: Source equipment and establish supplier relationships<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Phase 4: Technology setup and processes<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 10: Implement technology stack<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 11: Develop standard operating procedures<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Phase 5: Marketing and customer acquisition\u00a0<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 12: Build your brand and online presence<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 13: Launch marketing campaigns<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Phase 6: Business launch and first projects<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 14: Execute pilot projects<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 15: Establish customer service excellence<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p><span style=\"font-weight: 400;\">Now, let\u2019s see how you can execute these steps to start a solar panel business the right way.<\/span><\/p>\r\n<h3><b>Phase 1: Research and Planning\u00a0<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">Take 1-2 months to properly research and plan what you want to do. Based on your research, choose a business model and make a detailed business plan on how you will execute it in the real world.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a clear breakdown of what you should do during phase 1, and how you should be doing it.<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Steps to Start a Solar Panel Business in India<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>How to Approach?<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 1: Conduct market research<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyze local electricity tariffs and solar policies in your target area<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Study competitor pricing, services, and customer reviews<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify underserved market segments (residential vs commercial vs industrial)<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Survey potential customers about their energy costs and solar awareness<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Research local building regulations and <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-rooftops\/\"><b>rooftop solar<\/b><\/a><span style=\"font-weight: 400;\"> suitability<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 2: Choose your business model<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assess your technical skills, capital availability, and market connections<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start with the dealer\/distributor model if you have limited capital<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider installation business if you have a technical background<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluate solar consultancy model to start with minimal capital needs<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 3: Create detailed business plan<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Define target customer segments<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Calculate start-up costs, including equipment, licenses, team, and working capital<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare 3-year financial projections with monthly cash flow analysis<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify key suppliers, partners, and potential customers<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set realistic revenue targets and growth milestones<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h3><b>Phase 2: Legal Set-up and Funding<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">Take 2-3 months to properly execute phase 2 of starting a solar panel business in India. Start by registering your business, obtaining necessary licenses, and then secure funds.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a clear breakdown of what you should do during phase 2 of starting a solar panel business, and how you should be doing it.<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Steps to Start a Solar Panel Business in India<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>How to Approach?<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 4: Register your business<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Choose between private limited or LLP for partnerships<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete company registration with Ministry of Corporate Affairs (MCA)<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Obtain PAN and TAN for tax compliance<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Register for GST\u00a0<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply for MSME registration to access government benefits<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 5: Secure required licenses<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply for electrical contractor license from the state electricity board<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Obtain CEIG (Chief Electrical Inspector to Government) approval<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Register for REC (Renewable Energy Certificate) if applicable<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Get Fire NOC and pollution clearance as required<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete shop and establishment license from the local municipal authority<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 6: Arrange funding<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply for MSME loans with a business plan and financial projections<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Explore MNRE&#8217;s RE-RTD scheme for research and development funding<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approach banks for term loans<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider equipment financing from solar panel manufacturers<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h3><b>Phase 3: Infrastructure and Team Building<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">Allow yourself 3 to 4 months to determine the best location for your business, hire the necessary personnel to execute your business plan, and source the equipment or services you intend to sell.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a clear breakdown of what you should do during phase 3 of starting a solar panel business, and how you should be doing it.<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Steps to Start a Solar Panel Business in India<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>How to Approach?<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 7: Set up office and warehouse<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Choose a location with good connectivity to the target market areas<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Install basic office infrastructure, including computers and software<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up a warehouse for inventory storage with proper ventilation<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Arrange transportation vehicle for site visits and equipment delivery<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 8: Build your team<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hire certified electricians with solar installation experience<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recruit sales professionals with <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-renewable-energy\/\"><b>renewable solar energy<\/b><\/a><span style=\"font-weight: 400;\"> knowledge<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employ project managers for coordinating multiple installations<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invest in team training and safety certification programs<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 9: Source equipment and establish supplier relationships<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Research and evaluate reputable solar panel manufacturers like ReNew Solar and Premier Energies<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compare <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/best-solar-inverters-in-india\/\"><b>solar inverter options<\/b><\/a><span style=\"font-weight: 400;\"> (string vs power optimizers vs microinverters)<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negotiate payment terms and bulk purchase discounts<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maintain inventory of commonly used components and spare parts<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h3><b>Phase 4: Technology Setup and Processes<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">Take at least 4 months to get this phase of setting up your solar panel business right. This will be the most practical execution phase, and you\u2019ll need to decide which types of software and tools to use for key business aspects, such as customer tracking, lead management, and inventory management.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a clear breakdown of what you should do during phase 4 of starting a solar panel business, and how you should be doing it.<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Steps to Start a Solar Panel Business in India<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>How to Approach?<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 10: Implement technology stack<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up CRM system for lead management and customer tracking<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implement inventory management system for stock control<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 11: Develop standard operating procedures<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create customer onboarding and site survey checklists<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish installation procedures with safety protocols<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop quality control processes and inspection criteria<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up warranty registration and service call procedures<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h3><b>Phase 5: Marketing and Customer Acquisition<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">This is the phase where the business idea from your head will start spreading into the world, establishing you as a brand. 5 months of hard work is a safe timespan to ensure you build a solid online presence.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a clear breakdown of what you should do during phase 5 of starting a solar panel business, and how you should be doing it.<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Steps to Start a Solar Panel Business in India<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>How to Approach?<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 12: Build your brand and online presence<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a professional website with a portfolio, testimonials, and a <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-calculator\/\"><b>rooftop solar savings calculator<\/b><\/a><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop marketing materials, including brochures, case studies, and <\/span><a href=\"https:\/\/www.solarsquare.in\/fill-download-form\"><b>a free solar handbook<\/b><\/a><span style=\"font-weight: 400;\"> for potential customers\u00a0\u00a0<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up a Google My Business listing with accurate location and service details<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create social media profiles highlighting successful installations and happy customer stories<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Design vehicle branding and professional uniforms for field team<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 13: Launch marketing campaigns<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implement local SEO strategy targeting solar installation [your city]<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start Google Ads campaigns for high-intent keywords<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Participate in local trade shows, green energy events, and community gatherings<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop referral programs with incentives for existing customers<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partner with local builders, architects, and energy consultants<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h3><b>Phase 6: Business Launch and First Projects<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">It should take around 6 months for you to break into the business world during phase 6 of starting your own solar panel business in India. <\/span><span style=\"font-weight: 400;\">Start with family and friends, focus on<\/span><a href=\"https:\/\/www.solarsquare.in\/housing-society\"> <b>rooftop solar for housing societies<\/b><\/a><span style=\"font-weight: 400;\">, and gather testimonials from satisfied customers. Additionally, build a channel for post-installation services to support your customers.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a clear breakdown of what you should do during phase 6 of starting a solar panel business, and how you should be doing it.<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Steps to Start a Solar Panel Business in India<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>How to Approach?<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 14: Execute pilot projects<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start with friends, family, or employees as initial customers<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Focus on residential installations to a build portfolio and testimonials<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Document the entire process with before\/after photos and customer feedback<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Refine installation procedures based on real-world experience<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use pilot projects as case studies for future marketing efforts<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Step 15: Establish customer service excellence<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a customer service response team for pre- and post-solar panel installation support<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up monitoring systems for system performance tracking<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop maintenance service packages and annual contracts<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish 24\/7 helpline for emergency service calls<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Solar_Panel_Business_and_Why_Start_One\"><\/span><b>What is a Solar Panel Business and Why Start One?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">A solar panel business includes different commercial activities within the renewable energy sector. You could make a living by manufacturing solar panels, installing solar systems, providing maintenance services, or acting as dealers and distributors.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">All solar businesses capitalize on converting <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-radiation-and-solar-flux\/\"><b>solar radiation<\/b><\/a><span style=\"font-weight: 400;\"> into <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/uses-of-solar-electricity\/\"><b>solar electricity<\/b><\/a> <span style=\"font-weight: 400;\">using photovoltaic technology. You can choose between serving residential, commercial, or industrial customers who are looking to go solar to reduce their electricity bills.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here are the main market advantages and the very reasons why starting a solar panel business in India is very advantageous:\u00a0<\/span><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>You will receive government support<\/b><span style=\"font-weight: 400;\">: You can get substantial subsidies, tax incentives, and policy backing through MNRE schemes.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>There\u2019s a growing demand for solar amongst customers<\/b><span style=\"font-weight: 400;\">: Increasing awareness about sustainability and electricity cost savings has made solar very popular in India lately.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>There\u2019s a diverse customer base to choose from<\/b><span style=\"font-weight: 400;\">: Residential, <\/span><span style=\"font-weight: 400;\">commercial, industrial, and agricultural market segments provide you with plenty of options to select your target audience.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financial assistance is available in multiple ways to start your business<\/b><span style=\"font-weight: 400;\">: You can get MSME loans, angel investment, or term loans.<\/span><\/li>\r\n<\/ul>\r\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Types_of_Solar_Businesses_You_Can_Start\"><\/span><b>What Are the Types of Solar Businesses You Can Start?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">The best thing about starting your own solar panel business in India is that you have multiple options to choose from, including being a solar dealer, distributor, solar panel manufacturer, EPC company, or AMC service provider. The option you choose will directly impact the capital you would need to start the business.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here are the main solar business options that you can choose from and the basic requirements needed to succeed.\u00a0\u00a0<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Type of Solar Business\u00a0<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Capital Requirement<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Technical Expertise<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Time Commitment\u00a0<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>One Man Job or Team Required<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Solar panel dealership or distribution<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Low<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Medium<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Part-time<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">One person\u2019s job<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Solar installer or EPC business<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">High<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">High<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Full-time<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Team required<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Solar service center<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Low<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">High<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Full-time<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Team required<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Solar panel manufacturing business<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Very high<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Very high<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Full-time<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Team required<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Maintenance and AMC contractor<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Medium\u00a0<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Medium<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Full-time<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">Team required<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Some_Funding_Options_for_Your_Solar_Panel_Business_in_India\"><\/span><b>What Are Some Funding Options for Your Solar Panel Business in India?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">The government offers a subsidy to homeowners and housing societies installing rooftop <\/span><a href=\"https:\/\/www.solarsquare.in\/pages\/on-grid-solar-system\"><b>on-grid solar systems<\/b><\/a><span style=\"font-weight: 400;\"> in India to promote solar installation. Similarly, they also offer subsidies and support to entrepreneurs planning to break into the business. There are various schemes, such as MSME loans and the MNRE&#8217;s RE-RTD Scheme, to help more people start a solar panel business in India.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Let\u2019s check out the multiple funding options you can explore:<\/span><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MNRE&#8217;s RE-RTD scheme<\/b><span style=\"font-weight: 400;\">: It provides 50-70% financial assistance for research and development projects.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MSME loans<\/b><span style=\"font-weight: 400;\">: These are collateral-free loans up to Rs. 5 crores<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Solar park schemes<\/b><span style=\"font-weight: 400;\">: They offer infrastructure support for setting up <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/biggest-solar-power-plant-in-india\/\"><b>large-scale solar systems<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bank loans<\/b><span style=\"font-weight: 400;\">: These include term loans, working capital facilities, and equipment financing.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Angel investors<\/b><span style=\"font-weight: 400;\">: These include individual investors interested in clean energy start-ups.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Venture capital<\/b><span style=\"font-weight: 400;\">: Venture capitalists offer investment for business models with high growth potential.<\/span><\/li>\r\n<\/ul>\r\n<h2><span class=\"ez-toc-section\" id=\"What_Licenses_are_Required_for_a_Solar_Panel_Business_in_India\"><\/span><b>What Licenses are Required for a Solar Panel Business in India?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">Obtaining the proper licenses and registrations is mandatory to operate a solar business legally in India. While the exact licenses would depend on what business model you choose, here\u2019s a list of mandatory licenses that all kinds of solar businesses must obtain:<\/span><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Company Registration<\/b><span style=\"font-weight: 400;\">: Private limited company, LLP, or proprietorship registration with MCA<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>GST Registration<\/b><span style=\"font-weight: 400;\">: Goods and Services Tax registration for business transactions<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MSME Registration<\/b><span style=\"font-weight: 400;\">: Udyam registration for small and medium enterprises benefits<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>PAN and TAN<\/b><span style=\"font-weight: 400;\">: Permanent Account Number and Tax Deduction Account Number<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Professional Tax<\/b><span style=\"font-weight: 400;\">: State-specific professional tax registration<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Shop and Establishment License<\/b><span style=\"font-weight: 400;\">: Local municipal corporation license for business operations<\/span><\/li>\r\n<\/ul>\r\n<h2><span class=\"ez-toc-section\" id=\"Solar_Technology_Details_You_Should_Know_to_Succeed_in_the_Solar_Business\"><\/span><b>Solar Technology Details You Should Know to Succeed in the Solar Business<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">The current solar market in India is experiencing record growth because the government is popularizing solar on a mass scale by offering homeowners and housing societies a <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-panel-subsidy-in-india-under-pm-surya-ghar-muft-bijli-yojana\/\"><b>subsidy under the PM Surya Ghar Muft Bijli Yojana<\/b><\/a><span style=\"font-weight: 400;\"> to install on-grid rooftop solar systems.\u00a0\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">As someone planning to start a solar business, you should be aware of the following details:<\/span><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Subsidy is offered only for residential purposes<\/b><span style=\"font-weight: 400;\">:<\/span><span style=\"font-weight: 400;\"> There\u2019s no subsidy provided for installing <\/span><a href=\"https:\/\/www.solarsquare.in\/pages\/off-grid-solar-system\"><b>off-grid solar systems<\/b><\/a><span style=\"font-weight: 400;\"> that are connected to a lithium battery bank instead of the utility grid, <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/ground-mounted-solar\/\"><b>ground-mounted solar systems<\/b><\/a><span style=\"font-weight: 400;\">, or on-grid rooftop solar systems for commercial purposes. <\/span><span style=\"font-weight: 400;\">Only homeowners and housing societies that install on-grid rooftop solar systems for residential purposes are eligible for a subsidy if they choose made-in-India DCR modules.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Polycrystalline solar panels are almost obsolete in India now<\/b><span style=\"font-weight: 400;\">: <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/most-efficient-solar-panels\/\"><b>High-efficiency solar panels<\/b><\/a><span style=\"font-weight: 400;\"> such as <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/bifacial-solar-panel\/\"><b>bifacial solar panels<\/b><\/a><span style=\"font-weight: 400;\"> with mono-PERC half-cut <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-cell-construction\/\"><b>solar cells<\/b><\/a><span style=\"font-weight: 400;\"> have left older technologies behind. These panels are current favorites in the residential and commercial markets because they achieve efficiencies as high as 22.5%. Some future technologies to watch out for include TOPCon solar panels, <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/perovskite-solar-cell\/\"><b>perovskite solar cells<\/b><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/multi-junction-solar-cell\/\"><b>multi-junction solar cells<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MPPT solar inverters offer the best performance under partial shading<\/b><span style=\"font-weight: 400;\">: The <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/mppt-technology\/\"><b>MPPT algorithm<\/b><\/a><span style=\"font-weight: 400;\"> has taken the solar world by storm. It ensures <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/types-of-solar-panels\/\"><b>solar panels<\/b><\/a><span style=\"font-weight: 400;\"> generate maximum possible output at any given point during the day. Such technologies have significantly improved the reliability of solar output in cases of partial shading.<\/span><\/li>\r\n<\/ul>\r\n<h3><b>What\u2019s the Current Solar Panel Installation Cost in India?<\/b><\/h3>\r\n<p><span style=\"font-weight: 400;\">Installing on-grid rooftop solar systems at homes in India can cost homeowners somewhere between ~Rs. 90,000* in Lucknow for a 2 kW solar system and ~Rs. 5.62 lakh* in Bengaluru for a 10 kW solar system after they avail of a subsidy under the PM Surya Ghar Muft Bijli Yojana.\u00a0<\/span><\/p>\r\n<p><b><i>*Please note<\/i><\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">The above-mentioned <\/span><span style=\"font-weight: 400;\">solar panel price <\/span><span style=\"font-weight: 400;\">is indicative as of 29th August 2025 for the SolarSquare Blue 6ft variant. The final cost of installing an on-grid rooftop solar panel system at home depends on DISCOM charges, product variant opted for, panel type, inverter type, mounting structure height, type of after-sales service, savings guarantee, roof height, etc. Prices are subject to change.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a tabulated snapshot of the <\/span><a href=\"https:\/\/www.solarsquare.in\/blog\/solar-panel-installation-cost-in-india\/\"><b>estimated cost of installing on-grid rooftop solar systems in India<\/b><\/a><span style=\"font-weight: 400;\"> with and without a subsidy under the PM Surya Ghar Muft Bijli Yojana:<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Solar System Size<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Solar Panel Price in India Without Subsidy (Starting Price &#8211; Indicative for Base Variant)*<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Solar Panel Price in India With Subsidy (Starting Price &#8211; Indicative for Base Variant)*<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><a href=\"https:\/\/www.solarsquare.in\/blog\/2-kw-solar-panel-price-in-india\/\"><b>2 kWp solar system<\/b><\/a><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 1.8 lakh in Lucknow to ~Rs. 2 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 90k in Lucknow to ~Rs. 1.40 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><a href=\"https:\/\/www.solarsquare.in\/blog\/3-kw-solar-panel-price-in-india\/\"><b>3 kWp solar system<\/b><\/a><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 2.10 lakh in Lucknow to ~Rs. 2.35 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 1.02 lakh in Lucknow to ~Rs. 1.57 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><a href=\"https:\/\/www.solarsquare.in\/blog\/4-kw-solar-panel-price-in-india\/\"><b>4 kWp solar system<\/b><\/a><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 2.55 lakh in Lucknow to ~Rs. 2.85 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 1.47 lakh in Lucknow to ~Rs. 2.07 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><a href=\"https:\/\/www.solarsquare.in\/blog\/5kw-solar-panel-price-in-india\/\"><b>5 kWp solar system<\/b><\/a><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 3.10 lakh in Lucknow to ~Rs. 3.70 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 2.02 lakh in Lucknow to ~Rs. 2.92 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><a href=\"https:\/\/www.solarsquare.in\/blog\/10-kw-solar-panel-price-in-india-with-subsidy\/\"><b>10 kWp solar system<\/b><\/a><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 5.80 lakh in Lucknow to ~Rs. 6.40 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~Rs. 4.77 lakh in Lucknow to ~Rs. 5.62 lakh in Bengaluru<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p><b><i>*Please note<\/i><\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">The above-mentioned <\/span><span style=\"font-weight: 400;\">solar plate price <\/span><span style=\"font-weight: 400;\">is indicative as of 29th August 2025 for the SolarSquare Blue 6ft variant. The final cost of installing an on-grid rooftop solar panel system at home depends on DISCOM charges, product variant opted for, panel type, inverter type, mounting structure height, type of after-sales service, savings guarantee, roof height, etc. Prices are subject to change.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Despite an investment of a few lakhs, customers across India are still opting for solar because of the stunning ROI they receive. Let\u2019s give you a small comparison between the cost of installing a <\/span><a href=\"https:\/\/www.solarsquare.in\/rooftop-solar-in-nagpur\"><b>rooftop solar system with SolarSquare in Nagpur<\/b><\/a><span style=\"font-weight: 400;\"> vs the solar savings the customer receives in 25 years of the system\u2019s life:<\/span><\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\r\n<p><b>Solar System Size\u00a0<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Solar Plate Price in Nagpur With Subsidy (Starting Price &#8211; Indicative for Base Variant)*\u00a0<\/b><\/p>\r\n<\/td>\r\n<td>\r\n<p><b>Solar Savings in Nagpur in 25 Years*<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">2 kWp\u00a0<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 1.15 lakh<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 11.05 lakh<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">3 kWp<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 1.32 lakh<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 16.58 lakh<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">4 kWp<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 1.77 lakh<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 22.11 lakh<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">5 kWp<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 2.27 lakh<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 34.43 lakh<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">10 kWp<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 5.02 lakh<\/span><\/p>\r\n<\/td>\r\n<td>\r\n<p><span style=\"font-weight: 400;\">~ Rs. 68.86 lakh<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p><b><i>*Please note<\/i><\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">The above-mentioned solar panel<\/span><span style=\"font-weight: 400;\"> price <\/span><span style=\"font-weight: 400;\">is indicative as of 29th August 2025 for the SolarSquare Blue 6ft variant. The final cost of installing an on-grid rooftop solar panel system at home depends on your DISCOM charges, product variant opted for, panel type, inverter type, mounting structure height, type of after-sales service, savings guarantee, roof height, etc. Prices are subject to change. Additionally, while calculating savings, we have considered the annual tariff escalation at 3% and the annual degradation at 1%. The actual final savings from solar panel installation depend on the types of solar panels you\u2019ve installed and their efficiency, intensity of sunlight your rooftop receives, orientation of the panels and tilt angle, the pollution level and weather conditions in your city, the temperature, shadow on the roof, impact of dirt\/dust, and how well you maintain your panels after installation.<\/span><\/p>\r\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">Starting a solar panel business in India can be highly profitable, provided you choose the right approach from the beginning. While the initial investment may seem like a hurdle, the government offers funding options, such as MSME loans, to help new businesses get started.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">To increase your chances of success, select a business model that aligns with real market demand in your area. Focus on offering solar services that people need but aren\u2019t easily available locally. This alone can give your business a strong head start.<\/span><\/p>\r\n                <div id=\"solar-calc-blog-component\">\n                <section class='calculate-savings'>\n                    <div class=\"calc-header\">\n                        <h6 class=\"calc-title\">Calculate your savings<\/h6>\n                        <img decoding=\"async\" src=\"https:\/\/sse-website.s3.ap-south-1.amazonaws.com\/blog\/arrow_right.webp\" alt=\"arrow_icon\"\/>\n                    <\/div>\n                    <p class=\"calc-subtitle\">\n                        Forecast your savings with solar on your investment on the SolarSquare\u2019s plant\n                    <\/p>\n                <\/section>\n                <section class=\"solar-calc-form\">\n                    <form id=\"scalcPageFormComp\" class=\"scalc-form-submission\" novalidate=\"novalidate\" method=\"POST\" enctype=\"multipart\/form-data\">\n                        <div class=\"form-wrapper form-flex-box pincode-solar-calc\" style=\"padding-bottom:10px;\">\n                        <div class=\"pincode-form\">\n                            <label for=\"homes_pincode\" class=\"form-label-solar\">Pin code *<\/label>\n                            <input type=\"text\" class=\"form-input-solar\" id=\"homes_pincode\" name=\"pin\" aria-describedby=\"Pin code\" value=\"\" placeholder=\"Enter Pin Code\" \/>\n                            <!-- <small class=\"error-message-mobile text-danger d-none\">Please enter a valid pincode.<\/small> -->\n                            <div class=\"error-message-mobile invalid-pincode d-none\" style=\"font-size: 0.85rem;\">\n                                <img decoding=\"async\" src=\"http:\/\/sse-website.s3.ap-south-1.amazonaws.com\/blog\/error_outline.svg\" alt=\"Error outline\" style=\"padding: 0px;\"\/>\n                                <span class=\"error-pin-text\">Please enter a valid pincode.<\/span>\n                            <\/div>\n                            <div class=\"not-active-city d-none\">\n                                <img decoding=\"async\" src=\"https:\/\/sse-website.s3.ap-south-1.amazonaws.com\/blog\/Frame+1355873452.svg\" alt=\"City map\"\/>\n                                <div class=\"not-active-city-text\">\n                                    <div class=\"not-active-city-text-title\">Oh! We haven\u2019t reached your location yet<\/div>\n                                    <div class=\"not-active-city-text-subtitle\">We are not yet servicable at your location but we will soon!<\/div>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                        <div class=\"city-form\" style=\"display: none;\">\n                            <label for=\"homes_city\" class=\"form-label-solar\">City<\/label>\n                            <input type=\"text\" class=\"form-input-solar\" id=\"homes_city\" name=\"city\" aria-describedby=\"City\" value=\"\" placeholder=\"Enter city name\">\n                        <\/div>\n                        <\/div>\n                        <div class=\"form-wrapper form-flex-box bill-solar-calc\" style=\"padding-bottom:58px;\">\n                            <div class=\"silder-form\">\n                                <div class=\"slider-tooltip\">\n                                    <label for=\"homes_bill_slider\" class=\"form-label-solar mb-1\">Avg electricity bill<\/label>\n                                    <img decoding=\"async\" id=\"tooltip-info\" src=\"https:\/\/sse-website.s3.ap-south-1.amazonaws.com\/blog\/info+(1).svg\" data-bs-toggle=\"tooltip\" data-bs-placement=\"top\" data-bs-html=\"true\" \n                                        title='Take a 12-month average of your electricity bills, combining all meters before averaging.' \n                                        data-bs-custom-class=\"tooltip-custom\" style=\"cursor: pointer;\" alt=\"Info Image\" \/>\n                                <\/div>\n                                <div class=\"slider-form-label\">\n                                    <span class=\"slider-form-label-text\">Min. 500<\/span>\n                                    <span class=\"slider-form-label-text\">Max \u20b910,000<\/span>\n                                <\/div>\n                                <input type=\"text\" hidden id=\"amount\" readonly=\"\" style=\"border:0; color:#f6931f; font-weight:bold;\">\n                                <div id=\"slider-meow\" style=\"background-color: white;\">\n                                    <div id=\"custom-handle\" class=\"ui-slider-handle\">\n                                        <span class=\"slider-value-box\"><\/span>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                        <button type=\"submit\" disabled id=\"calculate-now-calc\" class=\"btn btn-primary btn-lg signup-electricity\" style=\"width: max-content;\" role=\"button\" aria-pressed=\"true\">\n                            Calculate now\n                        <\/button>\n                    <\/form>\n                <\/section>\n            <\/div>\n    \r\n<ul class=\"wp-block-list\"><\/ul>\r\n<!-- \/wp:list --><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><b>Q1. How to choose a solar business model?<\/b><\/p><p>Ans. Evaluate your technical expertise, available capital, market preferences, and long-term goals. Assess your team's electrical, engineering, and project management capabilities. Match investment requirements with your funding capacity and risk tolerance. Consider local market conditions, competition, and regulatory environment.<\/p><p><b>Q2. How much does it cost to start a solar panel business in India?<\/b><\/p><p>Ans. This is extremely subjective and totally depends on what you want to start and at what scale. The investment can range from as low as Rs. 5 lakh to as high as Rs. 5 crores.<\/p><p><b>Q3. Is solar a good business in India?<\/b><\/p><p>Ans. Yes, solar is an excellent business opportunity in India because the government is targeting 280 GW of solar capacity by 2030. It would need skilled installers and manufacturers to attain that target.<\/p><p><b>Q4. What are the biggest challenges in the solar business?<\/b><\/p><p>Ans. The biggest challenges in the solar business are high setup costs, getting government approvals, finding trained workers, managing installation delays, and building trust with customers. On top of that, handling after-sales service and keeping up with changing technology can be tricky too.<\/p><p><b>Q5. Can I start a solar business without a technical background?<\/b><\/p><p>Ans. Yes, you can start with dealer\/distributor business models that require less technical expertise. However, hiring certified electricians and engineers is essential if you want to become a solar panel installer in India. The technical knowledge demand would be even higher if you\u2019re planning to become a solar panel manufacturer.<\/p>","protected":false},"excerpt":{"rendered":"<p>Want to try your hand at the solar panel business but don\u2019t know where to begin? Worr...","protected":false},"author":3,"featured_media":3914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Start a Solar Panel Business in India in 2026?<\/title>\n<meta name=\"description\" content=\"Learn how to start a solar panel business in India, step-by-step. Explore types of businesses you can start, licenses, funding options, and latest tech updates.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solarsquare.in\/blog\/solar-panel-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Start a Solar Panel Business in India in 2026?\" \/>\n<meta property=\"og:description\" content=\"Learn how to start a solar panel business in India, step-by-step. Explore types of businesses you can start, licenses, funding options, and latest tech updates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solarsquare.in\/blog\/solar-panel-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Rooftop Solar for your home and more - Blog | SolarSquare\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarSquareEnergy\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-29T13:23:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-09T11:53:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dn5z2jafg7hv0.cloudfront.net\/blog\/wp-content\/uploads\/2022\/10\/14160402\/How-to-start-solar-business.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shreya Mishra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shreya Mishra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/solarsquare.in\/blog\/solar-panel-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarsquare.in\/blog\/how-to-start-a-solar-panel-business\/\"},\"author\":{\"name\":\"Shreya Mishra\",\"@id\":\"https:\/\/www.solarsquare.in\/blog\/#\/schema\/person\/a5054238d7a7f49022165012ccf69c7c\"},\"headline\":\"How to Start a Solar Panel Business in India? 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