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Get Into Solar Business

Renewable energy is hot trend that continues to grow each year. had three major clean energy industry — solar energy, wind power and biomass — from $ 115.9 billion in 2008, combined sales, the 53 percent increase over the previous year. Alternative energy sources such as solar are wave of the future and witnessed the growth of the industry, there are many opportunities for new businesses.

research market and determine where it needs to appear in the solar industry. Do online research and search for solar trends and areas of opportunity. Look at successful solar companies and to take note of some best practices they use.

Get Into Solar Business

Consider different solar business options such as solar lighting fixtures, design and installation services, home energy or water heating systems, solar power for homes or businesses, solar pool heating, or carbon offsets for solar power plants. Search for funding. There are many available solar energy grants that you should look into. Office of Energy Efficiency and Renewable Energy, division of U.S.

Department of Energy, offers many financial opportunities for new business owners. Search its website and look for available grants and funding that will help subsidize costs associated with your solar business. Venture capitalists, banks, friends and family can also be great sources of funding.

Develop detailed business plan about your solar energy business. Any great business plan contains executive summary, business description, market analysis and financial data. Make your business plan as detailed as possible by including information about legal structure of you solar business, market competitors and growth rates, and start-up financing costs.

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