This is why we are committed to only hire the best hands within our area of operations. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Head, Technical Services: Serves as project manager of the organization; works directly with employees Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections. Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff. Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
Maintains quality service by establishing and enforcing organization standards. Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies. Check with your local building code and inspectors' office to learn which professional license you need.
Renewable Energy Certifications There are also voluntary certifications specific to renewable energy. For example, the North American Board of Certified Energy Practitioners offers a program based on experience, training and knowledge proficiency. Consumers have become leery of fly-by-night solar companies and are reassured when they see certifications by organizations seeking to raise the bar and maintain higher professional standards. Understanding Incentive Programs Renewable energy is supported by block grants that trickle down to consumers via local utility companies.
Incentive and rebate programs exist in many places to convert or install renewable energy systems. Many solar panel installation companies have used these programs as the backbone of marketing, helping consumers navigate the system to getting rebates. Learn about the programs available in your area, how to get the funds and what the saturation points are. Funds do get exhausted, and programs get put on hold; create contingent plans for marketing if incentive programs are halted.
Marketing and Sales Whether your solar power business focuses on installation, sales, distribution or service, create a marketing strategy using both the practical and psychological aspects of renewable energy.
Quality will not be compromised and customer complaints can lead to severe steps, including dropping the partnership. The contracts will have provisions for this and penalty clauses. So we will not face much issue here.
But once our model proves to be successful, there will be intense competition as most of those who are in the sales market can come up to this segment. Also, at the same time, players in the higher commercial category can expand to this sector. Mitigation:By that time, we would have already started increasing our annual sales and hence can enter in to the manufacturing of the components needed and thus can reduce the costs further. The company image of quality and reliability also would have started building up.
At the same time, we will also need to strive hard to reduce the variable costs, avail low cost capital and should start negotiating with suppliers to further drive down the costs. We would have started getting profits out of our early investments, which can continue free cash flow for the rest of the usable period of the panels, and thus can provide capital for further growth. This will enable us to offer a competitive rate due to lower cost of capital. There is a risk that a new technology, which may be more efficient or cheaper, can come and can cause the cost per unit to be less than our rates.
Also, even though the grid electricity charges are going up, some break thru can cause it to go lower than our rates. Mitigation:We will need to constantly in touch with newer technologies and cost reduction techniques, so that in such a situation, we can switch all new installations to one of these new technologies after analysing the cost benefit ratio. Also, we will try to upgrade our existing installations in case if the CBA of such an upgrade is proven to be beneficial.
If we keep our break even as low as years, we will be safe on existing installations as we can respond to price pressures more effectively Execution Risk Major risks which can adversely impact execution of the plan are: 1 3 4 There is a risk that the required skilled resources will not be available at the estimated costs Unavailability of components on time to install it Issues related to service level not met for servicing and installation Monitoring the usage :Business Plan Project BPP The future of solar energy production and businesses in India seems very bright as there are already many projects which are being implemented or in the pipeline.
The Thar Desert is estimated to produce near about seven hundred to twenty-one hundred GW of electricity from the solar energy and it is because of the few best and top solar power projects being built in that area. In Gujarat, there is the largest solar power plant project which has been started since There are various government proposals and initiatives for building a nation with solar energy and producing many more watts of solar energy by the next five to ten years.
Gujarat is one of the most important states which is giving goals to other states in producing solar energy and it individually aims at producing thousands of watts of this energy from the largest solar plant.
By , there is a plan of producing 20GW of solar energy and this project started in the year with an investment of nineteen billion dollars. There are different other aspects of this as well which are like the applications or the products for the use of solar energy like solar pumps for water, lanterns of solar energy and even the street lights can run on this energy. Opportunities in the field of Solar Business Solar energy is not just a business that you can make a profit out of it but it is an initiative to make India bright and to enlighten Indian cities and the population.
So, here are some of the major business opportunities which are discussed in brief which one can invest their money into if they want to get into this industry of solar power. Selling Solar Products: There are lots of solar products which are already in the market or going to be launch in the market real soon with the development of the solar energy projects. So, if you want to start your own solar business, the first idea is to sell products which are required for the use of solar energy or production.Whether you work with a franchise or wholesaler, your installation business makes money through the successful installation of solar units. Selling Solar Products: There are lots of solar products which are already in the market or going to be launch in the market real soon with the development of the solar energy projects. SECI Project is another one which is for the production of the rooftop solar panels on a large scale basis. We have a team of certified and highly trained forward to raise the remaining capital from Venture powers and later plan be looking towards a public issue, once the market sentiment towards this model is favourable as of now. A Proper eye-catching business model: It is the key be useful to raise money and business later on. Franchise: If you want to sell the plan panels and business solar panel 2010 essayer des perruques en ligne, maintenance and repair engineers the big solar panel producing companies which is available in various niche areas in the solar panel installation, maintenance and power solar industry.
This business requires a structured staff with skills in construction, electrical, and basic understanding of science and solar energy. They must also work to stay current with changing technologies, as solar is still a developing industry. Like Maruti Suzuki, we will stipulate the maintenance process and customer complaints will be taken up seriously. How and when to build a team As soon as your business loan is in place, you must start building your sales, survey, installation, and maintenance team. If we keep our break even as low as years, we will be safe on existing installations as we can respond to price pressures more effectively Execution Risk Major risks which can adversely impact execution of the plan are: 1 3 4 There is a risk that the required skilled resources will not be available at the estimated costs Unavailability of components on time to install it Issues related to service level not met for servicing and installation Monitoring the usage :Business Plan Project BPP
Good managerial skills will keep the crews busy, completing jobs on time as promised, while keeping payroll expenses under control. Page 21 Strategy To be consistent with our Vision statement, we will be fine tuning our strategy to deliver highest return on investment to our customers and shareholders. What are some insider tips for jump starting a solar panel business? Set up business accounting Recording your various expenses and sources of income is critical to understanding the financial performance of your business. We will have agreements with suppliers to supply on a timely manner so that the risk can be transferred to them.
Another threat that may likely confront us is the arrival of a new solar panel installation, maintenance and repair company in same location where our target market exist and who may want to adopt same business model like us. At the same time, the cost of electricity for this sector is in excess of Rs 9. Obtain necessary permits and licenses Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down. Another trend is that, the Solar Panel Installation, Repair and Maintenance industry has galloped ahead in recent years as a result of the rapid technological developments in our world, falling solar panel costs and favorable government policy.
Capitalization Risk We are planning to invest an initial Rs 1 Crore from our side and will be looking for Bank loan of 4 Cr, as we have more installations.
Quality will not be compromised and customer complaints can lead to severe steps, including dropping the partnership. Incentive and rebate programs exist in many places to convert or install renewable energy systems. So cash inflow will not be stopped as in the case of an outright sale of equipment. Select your state below for an in-depth guide on completing each of these steps in your home state.