Example of a solar panel business plan

Other related solar panel installation, maintenance and repair services Our Vision Statement Our vision is to establish a standard and world class solar panel installation, maintenance and repair company whose services and brand will not only be accepted in San Diego — California but also in other cities in the United States of America.

Example of a solar panel business plan

Starting any type of business requires proper state and federal registrations; starting a solar power business requires all this as well as contractor licensing, depending on the state you do business in.

While most people think of a solar power business exclusively as solar panel installation, there is much more to this growing renewable energy industry. As such, there are many ways to establish a new business in a niche that serves a specific need within your community.

Niches include installation of solar energy systems, servicing those systems, sales, financing and distribution of products. Business Entity Requirements The first order of business for any business is to establish the entity through the secretary of state.

A business entity is usually either a limited liability company or a corporation. While it is possible to be a sole proprietor, the potential to have your personal assets seized in a lawsuit are higher and not recommended for any industry where property damage or worker injury is higher, such as solar installation.

Once you've registered your business entity with the state, get a free federal employer identification number from the IRS. This allows your company to open bank accounts and establish credit. Upon getting your federal EIN, obtain any required seller's permits from your state tax board, and check if you need any further permits or licensing.

How to Start a Solar Power Business | srmvision.com

If you are buying into a franchise, complete the requirements to become a franchisee as well. Starting an independent operation means you won't have franchise fees, but you also won't have a proven outline for success. Do research on your niche, and fund your business accordingly.

Insurance Requirements Small companies are often underinsured because they don't realize which types of insurance they need and what each policy covers. For any business, having at least a commercial general liability policy is paramount.

This covers liabilities resulting from a homeowner's neighbor tripping on a ladder during installation and getting seriously injured. Seek a policy that also covers business property such as tools, computers and office furniture if you maintain an office.

Workers' compensation is required by law if you have employees.

example of a solar panel business plan

Many contractors try to avoid having workers' compensation by issuing s to employees as independent contractors. Keep in mind the penalties are severe for violating employee laws and regulations. Independent contractors set their own schedules and pricing. Employees are paid a specific wage and have set hours defined by the employer.

If an employee gets hurt on the job, workers' compensation pays for treating their injuries.

Srmvision.com - Free Solar Energy Farm Business Plan

Licensing and Certification More and more states are offering solar contractor licensing as a specialty license under electricians or plumbers.

States that don't offer this license often require installers to have either an electrician's license or a plumber's license, though there are states with no requirements at all. Check with your local building code and inspectors' office to learn which professional license you need.

There are also voluntary certifications specific to renewable energy. For example, the North American Board of Certified Energy Practitioners offers a program based on experience, training and knowledge proficiency.

Consumers have become leery of fly-by-night solar companies and are reassured when they see certifications by organizations seeking to raise the bar and maintain higher professional standards. Understanding Incentive Programs Renewable energy is supported by block grants that trickle down to consumers via local utility companies.

Incentive and rebate programs exist in many places to convert or install renewable energy systems. Many solar panel installation companies have used these programs as the backbone of marketing, helping consumers navigate the system to getting rebates. Learn about the programs available in your area, how to get the funds and what the saturation points are.

Funds do get exhausted, and programs get put on hold; create contingent plans for marketing if incentive programs are halted. Marketing and Sales Whether your solar power business focuses on installation, sales, distribution or service, create a marketing strategy using both the practical and psychological aspects of renewable energy.

What this means is consumers buy into solar power for one of two primary reasons, or both. The first is they want to save money on rising energy costs, a practical aspect. The second is they want to help the environment, a psychological aspect. Network with other solar energy companies outside your niche to develop a strong network of information and referral resources.Building a solar panel is a capital intensive business as estimate shows you need at least 1 million dollars to start a solar farm; but the Returns on Investment (ROI) are worth it at the long run.

example of a solar panel business plan

Sun Heat solar water heater distributor business plan company summary. Sun Heat is a start-up company offering solar water heating systems to California residents/5(15).

solar panel installation business plan sample pdf / doc I will be giving a business plan sample using a solar panel installation business as an example so it can be easy for those in this line of business to write their business plan using mine as a sample. solar panel installation business plan sample pdf / doc I will be giving a business plan sample using a solar panel installation business as an example so it can be easy for those in this line of business to write their business plan using mine as a sample.

Free Solar Energy Farm Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.

The purpose of this business plan is to explore the potential for solar panel assembly on Haramaya and Dire Dawa University campuses coupling education, training, marketing, manufacturing and business development that target the Ethiopian rural and urban markets for renewable energy.

Sample Solar Panel Installation Business Plan Template PDF