Solar Business @ How Lucrative it is

With present trend solar business is one of the most lucrative businesses that one can do.Because of its versatility in application and global deficiency in energy sources leads to a big budget tycoon offer for new entrepreneurs as well as established tycoons .You probably heard about many renown companies like Microsoft or Apple or Google has already have investments in solar sectors.As though in financial world big fish earn the most revenue but small business holders are not lagging behind too far. Small businesses like distributors, or installment based service system is growing everyday.One can start a very small solar business like settling a solar home system or selling solar products as retailer can bring great profit.USA and China have shown their bushiness strategy worldwide and now they are the big fish in solar commerce world.As most of these big fish are manufacturers but small business holders are doing quite good business and earning a quite big bucks.Now a days some banking companies are taking initiatives to do solar businesses of their own.They do their business with clients directly and easily and give them time to repay for their complete package.They use installment service with two~three periods which offers complete solar home system which actually includes few bulbs and electric fans.

Google invests $300 million

SolarCity Corp said  $750 million fund to finance about 25,000 residential solar projects, with Google Inc investing nearly half the funding.The money will be used by SolarCity to put solar panels on homes. Homeowners then will pay a monthly fee to lease the panels from the company. The growth of such financing has made generating electric power from the sun an option for households who do not want to shell out the $20,000 to $30,000 upfront cost of a typical residential solar system.

The fund is the largest ever created for residential solar systems, SolarCity said, and Google’s $300 million equity stake is the technology giant’s biggest renewable energy investment to date. SolarCity is the top U.S. residential solar installer.The investment is Google’s second with SolarCity. The company in 2011 established a $280 million fund with the installer, which is backed by Tesla Motors Inc founder Elon Musk. To date, Google has poured more than $1.5 billion into renewable energy projects.

Facebook’s solar-powered drone is a step closer to bringing internet to all:

A giant solar-powered drone, which Facebook hopes will one day beam internet to unconnected parts of the world, has successfully completed a test flight for the first time.

The Aquila drone was in the air for 1 hour 45 minutes before landing safely back at base: a major milestone given that the previous test flight ended with a crash landing.

Facebook founder Mark Zuckerberg hopes that the drone will eventually be able to provide internet access to around 4 billion unconnected people around the world, many of whom live in remote areas that current internet technology cannot reach without major infrastructure investment.

The drone has been designed to stay in the air for 90 days at a time, providing broadband coverage in a 60-mile radius on the ground.(Alhamdulillah)

There are many other companies are also engaging in solar technology and their investment is also very high.Apple and Microsoft corporation also invested a lot of money in renewable energy sources but they also included wind technology.Their budget is like creating a huge solar panel industry.But besides USA, other countries like China, United Kingdom, Germany , and Italy has shown huge growth in new solar businesses.

Nearly 260,000 Americans work in solar - more than double the number in 2012 - at more than 9,000 companies in every U.S. state.

USA Growth (Solar)

The Solar Investment Tax Credit (ITC) has provided industry stability and growth since its initial passage in 2006. In the last decade, solar has experienced an average annual growth rate of 68%.

Solar’s increasing competitiveness against other technologies has allowed it to quickly increase its share of total U.S. electrical generation- from just 0.1% in 2010 to 1.4% today. By 2020 solar should surpass 3% of total generation is expected to hit 5% by 2022.

Worldwide growth of photovoltaics has been an exponential curve between 2007–2017. During this period of time, photovoltaics (PV), also known as solar PV, evolved from a niche market of small scale applications to a mainstream electricity source.

By the end of 2016, cumulative photovoltaic capacity reached about 302 gigawatts (GW), estimated to be sufficient to supply between 1.3% and 1.8% of global electricity demand.Solar contributed 8%, 7.4% and 7.1% to the respective annual domestic consumption in Italy, Greece and Germany.Installed worldwide capacity was projected to more than double or even triple to more than 500 GW between 2016 and 2020. By 2050, solar power was anticipated to become the world's largest source of electricity, with solar photovoltaics and concentrated solar power contributing 16% and 11%, respectively. This would require PV capacity to grow to 4,600 GW, of which more than half was forecast to be deployed in China and India.

Installed Solar Power Capacity in 2016 (MW)

#	Country	Total Capacity	Added Capacity
1	China	78070	34540
2	Japan	42750	8600
3	Germany	41220	1520
4	United States	40300	14730
5	Italy	19279	373
6	United Kingdom	11630	1970
7	India	9010	3970
8	France	7130	559
9	Australia	5900	839
10	Spain	5490	55
11	South Korea	4350	850
12	Belgium	3422	170
13	Canada	2715	200
14	Thailand	2150	726
15	Netherlands	2100	525
16	Switzerland	1640	250
17	Chile	1610	746
18	South Africa	1450	536
19	Austria	1077	154
20	Israel	910	130
21	Philippines	900	756
22	Denmark	900	70
23	Turkey	832	584
24	Portugal	513	58
25	Mexico	320	150
27	Malaysia	286	54
28	Sweden	175	60
29	Norway	26.7	11
30	Finland	15	10

The installation of solar power in the upcoming years will be higher then now.(Alhamdulillah)

But this data is mostly related with solar PV installation in the power plant or any rooftop project but these statistics doesn't cover all other solar products business like solar dok or solar bags which are also growing with amazing rate.Solar Application like solar chargers, solar bags, solar cars, solar boats, solar furniture, solar doks,solar pumps, solar thermal ,solar street lights, solar traffic signal, CSP, solar IT, solar Laptop or tablets also a great source of business earnings now and growing.It is also beneficial for new entrepreneurs as the government of many countries allow subsidy or tax reduction. 

Solar businesses are very lucrative irrespective of big or small businesses.Even though you are not a business man but still you can reduce your electric bill by just installing 1KWp-3KWp solar rooftop system or you can involve in government feed in tariff proposal.You can sell your home energy to the locality too.

Feed-In Tariffs are payments to ordinary energy users for the renewable electricity they generate. Feed-In Tariffs (also known as FITs) are the electricity part of what some people call Clean Energy Cashback, a scheme that pays people for creating their own "green electricity".

This is not all you can sell solar related products like charge controllers, batteries or any other solar parts which can bring you multiple opportunities.You can build your own solar firm and can sell your own products and services or you can promote and can get more commissions.

Market Report Shows Record $1.4 Trillion Global, $200 Billion U.S. Revenue for Advanced Energy and Highlights Five Trends Shaping the Future

For 2016, the global advanced energy market surpassed $1.4 trillion in 2016, a 7% increase compared to an updated 2015 total of $1.3 trillion. Advanced energy has grown by nearly a quarter (24%) since Navigant Research began tracking for AEE in 2011, adding $257 billion in revenue over six years, counting only data complete for the entire period. Advanced energy is almost twice the size of the global airline industry, and nearly equal to worldwide apparel revenue.

USA Solar Revenue

This graph illustrates the revenue of the US solar power industry from 2007 to 2017. It is forecast that this industry will generate about 210 million US dollars in revenue in 2017. The industry is estimated to grow by about 7.4 percent from 2016 to 2017.

Solar energy business generally require a heavy initial investment, but a number of grants and tax incentives help solar energy companies to get off the ground. Solar energy offers a range of benefits to business, utility companies and households, including the 100 percent renewable nature of the energy source.

(Hope This Will Help ) (JajaKallahu Khair)