How to Start a Solar Panel Business: The Basics Explained

Did you know that the solar industry is expected to be worth almost $200 billion by 2027?

Now is the perfect time to start the best solar panel business on the market. However, it can be quite intimidating building a whole venture from scratch.

Are you wondering what you need to do? Keep reading to learn all about how to start a solar panel business.

1. Pick a Business Name

Before you start selling solar panels, you’re going to need a catchy yet professional name. This is often one of the more fun tasks of a start-up and can allow you to dip your toe in.

You and any business partners you may have should make a list of possible names and narrow it down to the top 5. Think about what kind of message you want to send. Do you want to keep it entirely professional or do you want to stand out by using wordplay?

Either way, just be sure the name isn’t already taken.

2. Create a Business Plan

While picking a name is one fun part of starting a business, you’ll eventually need to get down into the nitty-gritty and work on your business plan. This will involve your budget, any possible loans, and much more.

Think about what types of solar panels you’d like to sell. You should also take the time to write out a mission statement that will define your business’s overarching values.

Plus, you can buy solar leads so that you’ll have a much better idea of who and where your potential clients are.

3. Licenses and Certifications

If you want to know how to start a solar business, then you can’t forget to get any and all required business licenses. For instance, some states make it so that you need a license before you can install solar panels.

You may even need an electrician’s license. Doing research ahead of time will allow you to be prepared.

4. Know Your Product

The best solar panel companies will know their product like the backs of their hands. You should also become an expert on all the tax incentives and other benefits that your customers could reap.

That way, you can sell your product much more effectively.

5. Launch An Official Site

Having an official site will not only make your business feel more real but will also allow people to learn about your venture from the comfort of their own homes.

Nowadays, a business website is essential for both surviving and thriving.

Now You Know How to Start a Solar Panel Business

Now that you’ve learned all about how to start a solar panel business, you can make a living while also making a huge difference in the health of the planet. You’ll be part of a green future in terms of both money and renewable energy.

Technology changes all the time. With that in mind, do you want to stay up to date on all the latest developments? Staying informed is as easy as bookmarking our website for future reference.