Saturday, July 31, 2010

I want to start my own Solar Panel company any advice out there on how to get started.?

I have a little advice for you. You need to plan this out well if you want to do it right. Here are a few decisions that you need to make first:





Are you going to be a full service company, offering sales, installation, and repair? Or are you just going to sell them and have somone else install them? Or do you plan to build them and sell them?





If you are simply going to sell them and then contract to someone else to install them then it is all pretty simple. All you have to do is get your Business License(From the City you will run your business in), state and federal tax ID with ';EIN'; or Employer Identification Number,(You get this from the State Tax Commission) with your sales tax license.





Next you need to find a supplier for the panels you want to resell. This might be the hardest part because you either have to pay cash for them or find someone that will extend you a line of credit with no credit history. The latter may be impossible. The ideal scenario would be if you have some personal capital to invest into the business.





The last part, is you need to find a good installer that will give you reasonable pricing for repeat business. Once you have all of that, then you are ready to start the sales part...





-If you plan to install them yourself then you need all of the above plus quite a bit more. You should really be a licensed and insured electrician. I recommend getting some experience with someone else before you set out on your own. I would consult a business insurance sales person to make sure you have the proper workers comp, and liability insurance to protect your business.





This is just a start.. I hope this helps!



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