- From the successful installation of solar units which can be a retail rate paid up front for connecting their panels to their home and the power grid – for a residential installation, the price usually ranges from $15,000 – $50,000.
- Leasing programs which often include the cost of the panel installation and any power customers are using from the grid – leases can run between $25/month – $200/month
- Sub-contracting for larger solar panel contractors and companies
Providing the option to install solar units or lease is a great business model as it provides two types of revenue streams for your business and more options for your customer.
Sub-contracting for larger solar panel contractors and companies can help you gain experience installing larger projects and help you create another revenue stream.
Because getting into a solar panel business requires a large initial investment, you may need to reach out to lenders or investors for some capital.
As you can see, a business plan will help you identify key aspects of your business and what you need to do to have a strong start.
Having a solid business plan will also help you increase your chances of raising capital, as lenders and investors can see what your vision for the business is as well as how you plan on making money.
