How to Start a Solar Panel Business

Write a Business Plan

Most successful businesses that make it through the initial market entry phase are more likely to succeed if they create a solid business plan.

A business plan helps set a track for your business that identifies what it needs to succeed.

A good business plan should answer some if not all of the following questions:

  • What is the vision and mission of the company?
  • What products and services will we provide?
  • What is the cost to provide this product and/or service?
  • Where do I purchase inventory from (i.e. solar panels to be installed in customer homes and businesses)
  • What are the startup costs?
  • What physical location and equipment is needed?
  • What ongoing costs will there be?
  • Who is my target market?
  • How will my solar panel business make money?
  • What will I charge my customers?
  • Do I need financing?
  • What is the sales and marketing plan?
  • Who is the competition?
  • How will success be measured?
  • What are the short and long-term goals?

Business plans are vital for running and growing your solar panel business.

Opening a solar panel business usually requires a significant initial investment.

2 of 12


Sisi