Solar Panel Installation
Install residential and commercial solar panel systems providing renewable energy solutions and helping clients reduce electricity costs
Overview
Solar panel installation companies install photovoltaic solar systems on homes and businesses - designing systems, installing panels and inverters, connecting to grid, and helping clients generate renewable electricity.
Solar adoption growing rapidly.
Residential solar installations average $15,000-$40,000 with 20-35% margins while commercial systems range $50,000-$500,000+.
Installing 50-150 residential systems annually generates $300,000-$1.2M+ in revenue with 20-35% net margins.
Target clients include environmentally conscious homeowners, businesses reducing electricity costs, property owners with high electricity usage, states with solar incentives, commercial and industrial facilities, and solar-interested property owners.
Services include solar system design and sizing, panel and inverter installation, electrical connection and net metering, permitting and utility coordination, solar incentive and financing assistance, and system monitoring setup.
Success requires electrical license and solar training, understanding solar design and performance, relationships with solar equipment distributors, navigating solar incentives and net metering, potentially offering financing or leasing, and staying current with solar technology and incentives.
Many solar installers obtain NABCEP certification, offer solar financing or work with solar lenders, partner with solar equipment manufacturers, potentially offer battery storage systems, work in states with strong solar incentives, and build business through referrals from satisfied customers saving on electricity.
Required Skills
- Electrical Work
- Solar Design
- PV Systems
- Roofing Basics
- Incentive Programs
Pros and Cons
Pros
- Growing solar adoption and incentives
- Environmental mission appeals to clients
- Good project margins
- Can offer financing increasing sales
- Recurring referrals from satisfied customers
Cons
- Requires electrical license
- Solar incentives vary by location
- Competition from national solar companies
- Roof work and weather-dependent installation
- Changing solar technology and regulations
How to Get Started
- Obtain electrical license
- Get solar installation training and certification
- Build relationships with solar distributors
- Learn solar design and sizing
- Get initial solar projects
- Partner with solar financing companies
- Market environmental and cost-saving benefits
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