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Basic Knowledge each individual must need before starting solar Business in 2021

Do you know about the top solar energy companies that exist in India?
India is evolving in terms of solar energy, many solar companies are there out of which mentioned below are best known solar energy companies.
Do you know solar energy is required for every home?
Solar energy for home is very much needed, as it saves you electric bill in a large amount, minor carbon footprint and potentially superior home values. However this benefit comes from installation and proper maintenance. The other benefit is that being a homeowner you can also sell solar produced electricity to utilities and you possibly will be eligible for tax break too.
What is solar energy calculator?
Solar-powered calculators are undersized, hand devices that utilize energy from solar cells to do task. Solar cells are also recognized as photovoltaic cells make use of energy from light (artificial or real) and turn it into electricity used to power the calculator. These days online solar calculators are also available.
Do you know about how solar energy system is classified?
Solar energy system is divided into two types:
Off – Grid System
On – Grid System
Familiar types of solar panels include polycrystalline solar panel which are multi-crystalline and require usually more space. They are less proficient and cheaper compared to monocrystalline cells, and at this time it is the most regularly used solar installation technology across the world .The second is mono crystalline solar panel which are prepared up of a single silicon crystal and have a superior efficiency than polycrystalline cells. They require less area and are the best.
Thin film solar panel is very thin and can yet be made into flexible panels. They need a comparatively higher space area and have a low effectiveness.
What is the India cost of solar energy installation?
The current rate of solar panel installation is approx. Rs. 7 per watt. Now depending on their size, let's see how much solar panels cost.

Solar Panel System Size Cost in Rs
1kW 7,000

2Kw 14,000

3kW 21,000

4kW 28,000

5kW 35,000

6kW 42,000

7kW 49,000

8kW 56,000

9kW 63,000

10kW 70,000

It is said by solar panel experts, if the primary solar panel installation is done correctly then it can surely perk up its lifespan. Therefore always contact professional solar panel installers. Loom Solar makes available you with all kinds of solar panel installation and safeguarding.

Are you familiar with solar energy business?
Solar energy business consists of massive opportunities with superior profits that can be earned with absolute patience and diligence. Solar energy being one of the chief renewable sources of energy, a lot of knowledgeable businessmen and start-ups has already entered into solar energy business. To establish a solar energy business, entrepreneurs or businessmen should have sound backup of economic support, as well as political acquaintance, if needed.
The major divisions of the solar industry that are growing and developing are Solar PV and Solar Thermal. If you want to get assistance regarding solar energy projects then, there are numerous government organizations and business organizations. Moreover, let’s discuss the process of beginning a Solar Energy Business..

How to begin solar energy business in India?

Method to Start a Solar Energy Business
1. Making a Business arrangement
Writing an in dept business chart is the main task before you start any business. Business chart should include all the essential details like business background and detailed information related to budget, working capital investment, workers, policy, techniques, place, apparatus, materials, etc. Business plan additionally helps in receiving funding support from institutions like private and public sector banks, NBFCs, District Rural Banks, , at any time required during the business.
2. Market study
A further necessary duty before establishing a solar energy business is presenting thorough research of nearly every module taken in the business. More the study, less are the chances of business fail. Research could be related to solar assignments, equipment, parts, infrastructure, marketing, hiring, and finding customer base, dealers, contractors, etc.
3. Authorizing Business
Next main footstep is to legalize the business body by shaping a company by doing company registration. According to Company’s Act 2013, a business can be registered as a company under a range of forms, for example sole private or public limited, partnership firm, Limited legal responsibility Partnership, etc.
Subsequently documents, registration diplomas and licenses are required to be acquired by business to get registered as a company:
• Company/LLP registration certificate
• Company’s bank account number and PAN
• GST registration with Identity Proofs of Directors/Owners/Partners
• Sales Tax and TIN numbers
• Article of Association & Memorandum of Association
• Shop and Establishment Act License
• Certificate of Commencement
• Other licenses, if essential
4. Acquainted with Government’s Electricity Department
It’s very important to have good connections with the electricity department that comes under the respective State Government, wherein the solar plant is about to be set up. It help outs business owners in getting over with a variety of complex documentation processes in a lesser amount of time and also making it easier to get approvals.
5 Finalize Location
The locality you choose decides the fate of your business whether it will be a achievement or failure. Additionally, considering the nature of this business, it is highly important. Locality need to be selected wherein there is higher density of sunlight to confine maximum sunlight for more storage for future practice.
6. Financial Actions
Business vendor also needs to organize a rough budget of his/her expenditure that shall include a variety of business divisions as follows:
• Infrastructure
• Land
• Logistics
• Equipment/apparatus
• Safeguarding
• Employees
• Marketing/Promotion
• Office location
• Raw equipment’ purchase
• Income tax payments
7. Hiring employees
One of the major steps in making business a success is hiring efficient and skillful employees.
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