Now you too can earn good money by starting solar business with government subsidy, know complete information.

You Can Earn Good Money by Starting a Solar Business

Solar energy is a sustainable resource that generates electricity through solar panels, offering an eco-friendly alternative. Recognizing its significance, the government provides subsidies for solar panel installations, making it an attractive investment opportunity.

If you have an unused roof space, installing solar panels can lead to significant financial gains. This article explores how you can embark on a profitable solar business venture.

Start a Solar Business with an Investment of ₹60,000

A 1-kilowatt solar system typically costs around ₹1 lakh. However, with a 40% government subsidy, the net cost can be reduced to approximately ₹60,000. Additionally, various state governments offer further subsidies, making solar energy more accessible. For those lacking full investment funds, banks are now mandated to provide loans for solar installations.

Government initiatives like PM Suryodaya Yojana, Solar Rooftop Subsidy Scheme, and KUSUM Yojana are available to assist with financial support. Interested individuals should contact their local renewable energy department for guidance.

Buy Solar Panels at Affordable Prices

To maximize benefits from government schemes, engage with the Renewable Energy Development Department in your state. Ensure that you purchase solar panels from registered vendors to qualify for subsidies and ensure quality. By adopting solar energy, you can generate electricity for up to 25 years, potentially earning income by selling excess power back to the grid.