As people become more aware of their environmental impact and look for ways to lower their energy costs, solar energy has grown in popularity in recent years. As a result, there has been rapid expansion in the solar business, creating attractive opportunities for newcomers. But how much can solar energy sell for?
The response to this query relies on a number of variables, including geographic region, level of competition, and the kind of solar products you sell. Solar distributors will have additional opportunities as a result of the solar industry’s anticipated 17% growth in 2021, according to a report by the Solar Energy Industries Association (SEIA). According to the survey, the average cost of a residential solar system in the United States is $2.81 per watt, or $14,630 for the entire system. You can make a commission on the sale of these systems as a solar distributor that can be between 5% and 10% of the total price.
You must have a solid knowledge of the solar market and its goods in order to become a distributor of solar energy. This involves understanding the technology behind solar panels, inverters, batteries, and installation techniques. Additionally, you need to have a network of potential clients, including enterprises, households, and governmental organizations. You can increase the number of sales you make by developing partnerships with solar installers.
The kind, size, and efficiency of a solar panel all affect how much it costs. As of 2021, $2.51 is the average cost per watt in the United States for solar panels, according to EnergySage. However, the cost per watt might vary from $2 to $3.50 depending on the panel’s brand and quality. It’s crucial to take the panel’s warranty, efficiency, and durability into account when purchasing solar panels.
JinkoSolar Holding Co. Ltd., situated in China, is currently the largest solar panel manufacturer in the world. According to a PV Tech report, JinkoSolar became the world’s largest producer of solar panels in 2020 after shipping 18.77 GW in total of solar modules. Canadian Solar, Trina Solar, and Hanwha Q Cells are a few other top solar panel producers.
It takes extensive knowledge of the sector, including rules, legislation, and market trends, to launch an energy business. In addition, you must have a strong business strategy that details your funding, marketing tactics, and management staff. It’s crucial to carry out market research and find a gap in the energy market that you can exploit. This could be anything from counseling on sustainable energy to offering solar installation services.
In conclusion, anyone wishing to enter the market will find the solar industry to be a lucrative one. Solar energy is becoming more and more in demand, and the price of solar products is coming down, making it a desirable investment. Understanding the market, having a network of potential clients, and having connections with solar contractors are necessary to become a solar distributor. The type and quality of the solar panel determine its pricing, and JinkoSolar is now the world’s largest solar panel manufacturer. A strong business plan and in-depth knowledge of the sector are essential when starting an energy company.