Lucrative Solar Business Opportunities: Sunlight is an important source renewable energy.
Solar power is the conversion of energy from sunlight into electricity.
Either directly using photovoltaics (PV).
Or indirectly using concentrated solar power.
Anyone can use solar cells to generate electricity from sunlight.
Nowadays, the demand for solar arrangement as an alternate source of energy is growing very fast.
Basically, the demand for the different type of solar products is increasing in the countries like Japan, China, India, Germany, Italy, UK., even in Nigeria
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Lucrative Solar Business Opportunities
Generally, you can start both the product and service based business in the solar industry.
However, you can also offer a product or service to a specific niche instead of attracting huge audience.
Lucrative Solar Business Opportunities:Now is a great time to be an entrepreneur as there are lots of solar business opportunities to develop and choose from.
The market for solar products in the US (up 80% over next 18 months), Japan, China, India, Germany, Italy, UK are growing quite fast.
Lucrative Solar Business Opportunities
Worldwide – demand for solar installations was up more than 9% last year … and its growing.
In this section we want to give you a few ideas to consider based on our experiences as entrepreneurs and solar project developers.
And will be expanding this in coming weeks to include resources and other information to help you.
Your first paragraph …
Lucrative Solar Business Opportunities:Business background:
A business will only survive if it has customers that want what you provide.
According to various research reports.
I’ve seen while working on this website – up to 94% of the people in America.
Like the idea of solar energy and helping to save the planet.
So that means there are a lot of potential customers.
So – what are people willing to pay for?
The answer again seems to be – anything solar.
Can you deliver these products or services and make a profit?
For each idea you come up with where the answer is yes – add it to your list of solar business opportunities to consider.
Need help coming up with some ideas — here are top 20 Lucrative Solar Business Opportunities to consider in Nigeria
This website is dedicated to helping people get the most from the sun.
And can be a great source of ideas that you could use to develop your own business.
For example – here are just some of the solar business opportunities.
And ideas that I’ve identified since working on this web site and as a consultant in the solar industry:
See also: 23 Tips to Open Business Branch in Nigeria
Lucrative Solar Business Opportunities
1. Lucrative Solar Business Opportunities: Sell Products
Billions of dollars of solar PV, solar thermal systems.
Solar attic fans, solar cooling systems, etc.
Are sold each year not to mention all the component parts required to build and operate such installations.
Add to that solar lights, solar gadgets, solar rechargers.
And a growing list of related products and you have a lot to choose from.
2. Lucrative Solar Business Opportunities:Be a Distributor
As more an more manufacturers of products emerge.
They need distributors to get the products to the market.
For example, I recently started corresponding with a company in Asia that produces technology that helps solar systems produce more electricity (2 to 5 times).
Helps reduce electrical consumption in your home.
Meaning you won’t need to add as many solar panels.
The low cost solar street lights with 5 day battery backup.
Solar back up generators and much more.
And I’ll be looking to build a network of distributors to develop customers for their products.
3. Lucrative Solar Business Opportunities: Develop & Own Solar Projects
With Solar Energy – anybody can become a solar developer.
Find a good location, put together a team of experts.
I recommend starting with an experienced solar consultant and contractor to handle the installation.
Develop a good business plan, raise the money, build your project.
Use your experience and completed projects to leverage yourself into other solar projects.
4. Lucrative Solar Business Opportunities: Sell After Market Products
As I’ve reported on this site – there are products that can be sold to people.
Who already have solar installations to increase their yields, reduce the need for cleaning, etc.
5. Lucrative Solar Business Opportunities:Sell 3rd Party Provided Services
Besides selling products, you can also sell services provided by other companies.
Such as solar insurance products, solar cleaning, solar financing, etc.
6. Lucrative Solar Business Opportunities: Invent Solar Products
Are you a bit of an inventor?
There’s a whole bunch of new solar products being developed.
Need an idea? Take a look at any existing product that needs power to operate.
And think about how you could use solar energy to provide that power.
For example solar powered cooling systems.
Maybe you have a new way of doing something.
Just look at all the products that came along after the invention of the personal computer … the cell phone … etc. The opportunities in solar are just as big if not bigger.
As solar is truly a global business.
7. Lucrative Solar Business Opportunities:Find Niches
Take what someone is successfully doing in one market.
And do it in your local market, or apply it to a niche market like.
E.g., solar for RV vehicles, solar products for boats, solar products for recreational users.
Solar powered agricultural buildings, government, mobile apps for people interested in solar energy, etc.).
There are a lot of opportunities.
8. Lucrative Solar Business Opportunities:Produce Informational Products
With everything going on in the solar industry.
There is a strong demand for good quality information.
If you are good at research – consider producing research reports.
How to ebooks, instructional videos, solar training classes.
The list of things you can make is limited only by your imagination.
9. Lucrative Solar Business Opportunities: Produce Financial Products
Set up a financial company – and offer specific financing products.
Such as solar construction financing, long term solar project financing.
Joint venture financing, provide angel financing, acquire solar projects, etc.
There are a growing number of private investment groups that do just this.
10. Lucrative Solar Business Opportunities: Solar Business Opportunities in the Service Sector
One of the best solar business opportunities.
That doesn’t require lots of money is starting a service business.
Again, drawing on some of the information in this website.
Here are some services that you might want to consider:
11. Lucrative Solar Business Opportunities:Independent Solar Consultant
A lot of people would like to know if it makes sense to install solar on their property.
And could benefit from a professional opinion that looks at the various options.
And guides them through the entire process.
12. Lucrative Solar Business Opportunities:Solar Panel Cleaning
As we discussed in this website.
Clean solar panels produce more electricity than dirty panels.
And many customers would prefer to hire somebody to keep their solar panels clean.
Rather than clean them themselves, especially if the panels are located on their roofs.
13. Lucrative Solar Business Opportunities:Financing Consultant
Solar installations are expensive, and there are a lot of different government programs out there.
Also – some banks will lend money for solar installations.
So why not provide your services to help clients find the money they need to build their projects.
Just as there are mortgage brokers – why not create your own “solar brokerage service.
14. Lucrative Solar Business Opportunities:Solar Appraisal
Just as there are real estate appraisals.
Why not create a “solar appraisal business.
To assess the value of a solar array on a property for sale.
Or the future potential of adding a solar installation on an building.
15. Lucrative Solar Business Opportunities:Solar Repairs
Solar systems last a long time – but some maintenance is required from time to time.
Especially on older systems that might need to be upgraded with new inverters, wiring replaced, storm damage repairs, etc.
16. Lucrative Solar Business Opportunities:Start a Job Placement Service .
On the one hand you have a lot of companies in the solar industry that need to hire people.
And on the other, you have a lot of people who would like to work in the solar industry.
Start a solar job placement service – offer tips and advice to employers and job seekers alike.
You would be helping a lot of people, including yourself.
17. Lucrative Solar Business Opportunities:Start a School
Have a skill already – like knowing how to install solar panels or solar heaters – teach others.
As I wrote in idea #15 above – there is a big demand for skilled workers .
And you can provide training (either online … or hands on).
There is a growing need for skilled installers.
That’s just one example, there are many other skills you could teach people.
18. Lucrative Solar Business Opportunities: Start a Non-Profit
You don’t have to be limited to for profit ideas.
There are a number of non-profit solar business opportunities.
For example, you can start a foundation to help bring solar energy to people in need.
Advocate the adoption of FIT programs in your stat.
Promote solar energy awareness in your community.
Promote greater awareness of vitamin D to help prevent disease.
Raise money for installing solar systems in developing countries, etc.
Read also:Top 8 Solar Repairs/Installation Business tips in Nigeria
19. Lucrative Solar Business Opportunities: Nutritional Advice
If you’ve read the information we’ve published about the Top 8 Solar Repairs/Installation Business tips in Nigeria,
you’ll realize that a very high percentage of the population are vitamin D deficient.
And so there is a great need for vitamin D awareness, testing, counseling, vitamin D supplements, etc.
20. Lucrative Solar Business Opportunities: Solar Broker
There is a growing market for companies looking to acquire and develop portfolios of solar project at least in Nigeria.
Typically, they will buy FIT eligible projects that are connected to the grid.
But in some cases you can also sell “shovel ready” solar projects with permits.
21. Lucrative Solar Business Opportunities: Energy Auditor
Another service that is growing in demand is to conduct energy audits.
And make recommendations how people can reduce their electrical consumption.
If you’ve ever thought about having your own business – you might want to seriously look at the potential of doing something that helps promote solar energy.
These are just a few ideas – there are many solar businesses and many more started every month.
22. Lucrative Solar Business Opportunities:Solar Energy Auditing
This is a highly knowledge based business.
As a solar energy auditor, your primary responsibility is the determination of the energy requirement.
This is the basic requirement when anyone wants to install solar energy panels.
However, an auditor is actually a salesperson.
Marketing conservation and renewable energy resources.
Offering people a way to control energy consumption.
The business demands very small startup capital for commencing.
Even, you can operate from home.
23. Lucrative Solar Business Opportunities:Solar Panel Installation
In starting a solar panel installation business.
You must have sufficient knowledge and technical skill.
The business is very profitable and it ensures a lucraative revenue also.
Apart from fresh panel installation.
You can also offer repairing service also.
However, the business demands moderate capital investment for inventory, staffing and marketing expenses.
24. Lucrative Solar Business Opportunities:Open a Retail One – Stop Shop for Solar Energy Powered Gadgets and Equipment
If you are looking towards starting a solar energy related business.
A business that is less demanding to start.
And of course a business that is profitable and thriving.
Then one of your options is to open a retail one – stop shop for solar energy powered gadgets and equipment.
The truth is that if you have a wide range of solar energy powered gadgets in your shop.
And you also provide after sale services such as installation.
Maintenance and repairs of solar energy powered equipment and gadgets.
You will sure attract loads of clients to your shop.
25. Lucrative Solar Business Opportunities: Manufacturing and Installation of Solar Energy Signposts
Another profitable and thriving solar energy related business.
That an investor or entrepreneur should consider starting is to go into the manufacturing.
And installation of solar energy signposts.
With a solar energy powered signpost.
You won’t have to look for a source of power to power your signpost at night.
The sign post is fitted with a solar panel that stores up solar energy during the day and converts the energy to light at night.
26. Lucrative Solar Business Opportunities:Solar Product Distribution
If you want to start a distribution or trading business in the energy sector.
This it is the perfect business for you.
However, you have to find out a reputed company who is looking for distributor in your area.
You can also import the products from other countries to sell in your are
27. Lucrative Solar Business Opportunities:Start a Solar Energy University or Training Institute
Education and Training is key to any industry.
Which is why you can find specialized universities like oil and gas university.
Marine university and films and arts colleges et al.
So, if you are looking towards starting a business in the value chain of the solar energy industry.
Then one of your options is to start a specialized solar energy university or training institute.
This type of business requires proper planning and accreditation from the appropriate authorities.
Before you can successfully launch it.
You can gain support from major players in the solar energy industry.
If you approach them and give them reasons to see how your university can benefit them
28. Lucrative Solar Business Opportunities:Production and Installation of Solar Energy Powered Traffic Control Light
Another thriving and profitable solar energy related business.
That is open to investors and entrepreneur is to go into the production.
And installation of solar energy powered traffic control light.
The fact that the traffic light is mounted in the open makes solar energy one of the most suitable means of powering the traffic light.
29.Lucrative Solar Business Opportunities: Organize Solar Energy Expos
If you are good at organizing events.
One of the solar energy related businesses that you can successfully start is to organize fashion expos.
There are loads of inventors and manufacturing companies.
Who are into the design and manufacturing of solar energy gadgets or equipment.
Especially upcoming inventors who are looking for platforms to showcase their solar energy related products.
And they wouldn’t mind to embrace your platform if it is well packed and affordable.
30. Lucrative Solar Business Opportunities:Start Blogging on Solar Energy Related Topics
Blogging in solar energy related topics is one cool way of starting a solar energy related business.
Blogging is all about creating useful and perhaps educative content for a target audience on the internet.
If you think that you have good knowledge of the solar energy industry.
You can make money by sharing your knowledge to a wide range of audience via your blog.
This is how making money from blogging works.
If you have good contents on your blog, loads of people will visit your blog.
The larger the traffic that visits your blog, the more money you will make.
If you blog attracts huge traffic, you can attract adverts from top corporate organization.
You can also earn money from your blog via AdSense.
By offering subscription services to members and also selling products via your blog.
31.Lucrative Solar Business Opportunities Start an Educative Radio Program
Another medium through which people learn is the radio.
So, if you are good at developing content for radio.
Then you should look towards developing educative solar energy related programs.
For radio; a program where people can learn different subjects as it relates to solar energy.
If your solar energy related radio program is well packaged.
You can easily attract corporate sponsorship.
And also you can compile various editions of your solar energy related radio program on CD.
And sell it to your audience to generate income.
32. Lucrative Solar Business Opportunities:.Start a Solar Energy Magazine Business
Another thriving and profitable business that an entrepreneur.
Who is looking towards starting a solar energy related business.
Should consider starting is publishing of solar energy magazine.
Magazine companies make profit from the sale of their magazines in newsstands.
From advertisement from stakeholders and of course from those who sign on to prepaid subscriptions.
And when it comes to distributing magazines, most magazines publisher make use of the mailing system.
Bookshops, strategic newsstands, through registered vendors and selected pick up locations et al.
The competition in the magazine industry is high but one thing is certain.
If you are able to set a standard in the industry.
You are sure going to get committed and faithful readers who would not mind paying annual subscription fees upfront.
33.Lucrative Solar Business Opportunities:Become a Solar Energy Consultant
If you are well grounded in the solar energy industry.
And you are looking towards starting a solar energy related business.
One of your best options is to become a solar energy consultant.
As a solar energy consultant, if you are able to prove your worth.
You will be able to consult for industries, NGOs.
And even for the government of your country.
The truth is that a solar energy consultant can make huge money.
If they are able to proffer long lasting solar energy related solutions for their clients.
34. Lucrative Solar Business Opportunities:Start an Educative Radio Program
Another medium through which people learn is the radio.
So, if you are good at developing content for radio.
Then you should look towards developing educative solar energy related programs for radio.
A program where people can learn different subjects as it relates to solar energy.
If your solar energy related radio program is well packaged.
You can easily attract corporate sponsorship.
And also you can compile various editions of your solar energy.
Related radio program on CD and sell it to your audience to generate income.
Conclusion:
If you are already in the solar industry – or starting out – let me know.
We’re planning on adding a directory of companies.
And would love to add your story and help refer our readers, suppliers, etc. to your web site.
No Matter What Your Solar Business Opportunity You Choose – You’ll Need a Website
No matter which one of the solar business opportunities you decide to pursue.
You will need to attract and retain customers.
And one of the best ways to do that is to have your own website.
On the other hand click on BusinessHAB.com for more details for the best way to build a successful websit.
That can tailored exactly for any of the solar business opportunities you choose.
It’s what I use … and I definitely recommend it.
Once you have selected which of these solar business opportunities is right for you.
And be sure to check out the Brainstormer section of BusinessHAB to help you with that.
Developed your idea and business plan.
Send it to me and we can give you some feedback, publish information about what you are doing on our website.
which could generate some good contacts and maybe help you raise some money to make it happen.
NOTE: I’m in discussions with a local web site consulting group to provide special assistance for people who want to set up or improve their website.
I’m going to start by having them update my site – and then JV with them to offer services to my many readers.
Yes they do have international web development experience.
And yes, readers will get a substantial discount.
Just contact us and send us a note that you are interested.