You will need to acquire an inventory of panels to be installed in customer homes and businesses and they are not cheap.
From the research we have done, the initial average investment to enter the solar market strong is around $500,000.
This includes solar panel equipment to perform your first round of installations for about a year, marketing costs, and any costs associated with hiring staff.
Purchasing panels from distributors in larger bundles will bring the cost down per unit.
Some ongoing expenses include ordering panels from distributors, payroll, rent/lease of your location, paying energy companies on behalf of leased customer accounts, maintaining licenses, business insurance, etc.
A solar panel business can make money in a few different ways:
