A How To Guide to Starting a Solar Energy Business
Whether you’re interested in the environment, or simply want to get involved in a potentially lucrative industry, it’s a perfect time to look into solar energy business.
Homeowners and businesses are exploring solar power as a dependable energy source and a way to transition from fossil fuels. There’s also a wide variety of financing sources available, plus other incentives to make solar financially appealing.
A solar energy business can be an investment in terms of hardware, but it can also pay off as more people explore how to harness the sun’s natural power.
Consider these factors when doing your research:
Learn what licenses are required.
Each state and local municipality may have different requirements, and, because solar energy businesses are fairly new, rules and responsibilities may still be developing with respect to property use and local codes. What permits are needed? Do you need plumbing or electrical contractors? The solar industry also has a variety of associations that offer various certifications and suggested best practices.
Find your niche.
Because the field is new and growing there’s plenty of competition plus many areas to focus on, so it helps to claim a specialty. Homes? Businesses? Heaters? Panels? Personal use like battery packs or backpack chargers? Become known as the expert in your area.
Register your business.
Getting proper paperwork from the IRS or a state’s secretary of state office can show you’re legitimate, and also authorizes you to hire staff, seek financing, and proper insurance such as liability and workers compensation.
Spread the word.
Solar energy is exciting, so tell people about it! Most people have basic knowledge of solar principles, but you can tell them why it can be a good solution for them. Not everyone wants to know the technical details, but you can still share simple versions for basic questions. Being visible in your community also can help you stand out from the others.
Trihawk Capital is happy to help provide you with the solutions to launch your solar energy business. You’ll find a variety of commercial financial products designed to get you headed in the right direction. Call us at 732-784-1808 today.
