Solar panels are a group of photovoltaic cells that utilise the energy from the Sun, and are a hassle free, clean and environmentally friendly means of gathering solar energy. Utilising solar panels is a cost effective way to generate renewable and clean electricity to heat water and power all the appliances in a house. Solar panels are high in demand especially since consumers are concerned about global warming. In addition, the US government approved the American Clean Energy and Security Act energy bill which gives huge tax breaks to homeowners who purchase solar panels. By employing all the steps below, you can effectively start a solar panel company and cater to this increasing demand for solar panels.
- Skill level:
Register your business, complete all legal paperwork and get your employment identification number (EIN,) which is a tax identification number that will be used to identify your business in your state. The simplest way to get started is to contact your local small business association (SBA.) You can also get free online training. Additionally, they can walk you through all the necessary paperwork and help you register your business name free of charge. See link below for an SBA office near you.
Find funds for your solar panel business, build up your business credit and be patient. After you have registered your business and completed all the legal paperwork, you can go to your bank and apply for a business account. You will need a business account in order to get loans for your solar panel business. Your personal credit will not affect the bank's decision. Banks usually base their decisions on your business credit history which is connected to your EIN number and not your social security number. If you just opened a business account, you need to build your credit history. You can start by getting a line of credit at an office supply store such as Staples. Wait a few months and apply for the business loan.
Find a supplier for the solar panels you want to sell and install. The easiest and most cost effective way to purchase solar panels is by purchasing directly from the manufacturer. Buying directly from the manufacturer will guarantee you wholesale prices. This may be hard to do since a lot of solar panel manufacturers do not list their company online. Fortunately, there is one website that can give you a list of manufacturers from all over the world. Go to alibaba.com and type in 'solar panels' and you will get a list of manufacturers that sell solar panels by the pallet. See link below for one of the many manufacturers at alibaba.com.
Find reliable solar panel installers. Your installers should be insured and licensed electricians. You can easily find them by posting want ads in newspapers, free magazines and Craigslist.com. Make sure you ask what their professional fees are and if they have experience installing solar panels and are willing to travel anywhere. Always compare their fees and choose the installers who give you the most reasonable service fee.
Advertise your business and create a marketing strategy. Inform homeowners about the American Clean Energy and Security Act energy bill which guarantees them huge tax incentives after buying a solar panel. Target those states and regions where energy rebates are given after installation of solar energy panels. Create and freely distribute your business cards. Make flyers and place them in the windshield wipers of vehicles, residential houses, laundry mats and cafes. You can even add flyers to newspaper and magazine vending machines. Additionally, make a website and enter forums related to solar panels for homes and answer peoples questions while leaving your website address after your answers.
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