BusinessHABSolar Repairs/Installation Business tips :As the Nigerian population rises, the reality of finite resources is intensifying.
Our energy requirements can not depend on fossil fuels forever.
And although advances in technology allow us to tap into reserves that were inaccessible in the past, at some point we will run out.
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These concerns, along with the negative impacts of burning fossil fuels.
Have created an environmentally and socially conscious mindset amongst different sets of economic actors.
Including consumers, investors, firms and governments.
Firms and investors looking for profits have taken advantage of consumer interest in cleaner energy alternatives.
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Solar Repairs/Installation Business
And government-incentivized Solar business initiatives.
Furthermore, political instability in regions like the Middle East have set Nigerian on a quest for energy independence and security.
Solar energy sources can be tapped into from essentially anywhere in Nigeria – at least in varying degrees.
Thus offering the hope of energy independence and security.
With these factors driving the shift towards renewable energy.
Now is the time to start looking for opportunities to help solve the Nigeria’s energy problems and, perhaps, make money.
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Solar Repairs/Installation Business tips:
Solar power is one of the cornerstones of the renewable energy sector.
There are many opportunities for lucrative business startups.
Opportunities exist in every area of solar power.
From installation and repairs to sales and service.
To start a solar power business.
Find a niche in the industry that isn’t saturated in your area.
And establish yourself as an expert when it comes to solar energy rebates.
Home energy needs and ability to work with utility companies.
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Solar Repairs/Installation Business tips:
1. Do some research
Do some research on the biggest needs in your area.
Some solar niches are at saturation points in local markets.
While some solar companies might offer more than one product or service.
Most focus on a niche that is under served and that they can excel at.
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Solar Repairs/Installation Business tips:
2. Selling of needed equipment
Seller of solar equipment Solar equipment is more than just the solar panels.
This area covers everything from replacement batteries to solar water heater products.
There is also a growing trend for personal solar items.
Such as backpack panels, phone chargers and other novelty items based on solar power.
Solar Repairs/Installation Business tips:
3.Distributing:
Work with manufacturers to find distribution channels for new and existing products.
Become the middleman between manufacturer and installer or retail location.
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Solar Repairs/Installation Business tips:
4.Installation of products
Solar panel installation is a heavily marketed area.
Because of the extensive rebates offered to homeowners.
More than just solar panels, solar water heaters, pool heaters and ancillary solar needs are served by installation experts.
Solar Repairs/Installation Business tips:
5. Service and maintenance
Once the products are installed.
Consumers must maintain them regularly to keep their systems working optimally.
Maintenance includes cleaning panels, assessing battery function and checking wiring.
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Solar Repairs/Installation Business tips:
6. Required Licenses
Check with your state about the required licenses to install solar power.
Not every state requires licensing.
Some states require providers to have an electrician’s or plumber’s license or both.
A growing number of states have established a solar contractor license.
Which focuses on the duties of a solar power contractor under an electrician or plumbing category.
Start with your local building code department to see what license is required in your area.
There is also a voluntary certification offered .
These certifications are based on experience, training and passing an exam.
The benefit to self-certification is it gives you a more professional appearance.
When approaching clients and helps establish standards of excellence among solar power providers.
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Solar Repairs/Installation Business tips:
7. Establish the Business Entity
Depending on the niche, you can look to buy into a franchise.
Whether you buy a franchise or start independently.
Register the business with the secretary of state.
Obtain a federal tax identification number from the Internal Revenue Service.
And obtain any seller’s permits or other state requirements through the local franchise tax board or state comptroller.
Solar Repairs/Installation Business
Obtain the proper types of insurance.
At minimum, you need a general liability insurance policy for the business.
Most policies for contractors provide a minimum of #500,000 in general liability coverage.
Review the amount of business property and inventory you keep as well.
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Solar Repairs/Installation Business
And make sure there is enough coverage for loss due to fire, theft, vandalism and other common perils.
If your company has full-time employees.
You also need workers’ compensation insurance.
Get commercial auto coverage for any vans, trucks and sales vehicles used for your business.
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Solar Repairs/Installation Business tips:
8. Become the Expert in Your Niche
Being the expert is more than just knowing your products inside and out.
Understanding how government rebates.
And incentive programs work is a huge part of how solar power companies market themselves and sell services.
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Solar Repairs/Installation Business
Consumers are more likely to buy something being paid for by someone else.
And if you can show them the incentives, you improve your opportunities for client acquisition.
Network with other solar power experts in your area who aren’t in your niche.
Become valued resources and referral networks for each other.
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