Do you want to start a solar power business? If YES, here are 50 best profitable solar energy related business ideas & opportunities for beginners in 2020.
Houses, industries, offices, street lights, traffic lights, automobiles and the likes require energy to function and solar energy is one of the options when it comes to the supply of energy. Research shows that solar energy is the preferred mode of creating power when the need is temporary.
For example, solar energy is the preferred mode of power for temporary fairs, mining sites, camp grounds and Olympics et al. Solar power can significantly reduce electricity bills. Besides, there are many tax incentives and rebate programs designed to encourage the use of solar energy, and save home owners money at the same time.
If you are interested in making money from solar energy related business ideas, then you would find these 50 best solar energy business ideas useful.
50 Best Solar Energy Business ideas & Opportunities for 2020
- Manufacturing Solar Energy Powered Cars
If you are a big-time investor and you want a business that can guarantee you steady income in the nearest future, then one of your options is to go into the manufacturing of solar energy powered cars. The truth is that most countries have plans to phase out petrol/diesel powered automobile as soon as possible.
- Solar Panel Manufacturing Company
Solar panel is rapidly gaining huge market acceptance all over the globe because of how effective and useful it has become to most people. Solar panel is simply a device that helps convert sunlight into electrical energy and stores it for use.
There are loads of areas where you can use solar energy and that is the reason why a lot of inventions that is being powered by solar panel (energy) keep propping up. Solar panels come in different sizes, shapes, and capacities. Just ensure that your solar panel manufacturing company takes all these factors into account so that you can be able to meet the needs of various categories of customers.
Solar panel installation and repair business is one profitable and thriving solar energy related business idea that an entrepreneur can start and make good money from. The fact that people are switching to solar panel as a source of energy makes this business a viable one. Most people who have a stake in the industry will quite agree that the solar panel repair services industry has come to stay because solar panels would need to be repaired, serviced or installed.
- Solar Panel Sales and Distribution Company
If you don’t have the capacity to go into the manufacturing of solar panels, then one of your best bet when it comes to starting a solar energy related business is to go into the sales and distribution of solar panels. Just ensure that you network with solar panel manufacturers both within and outside your country and you position your business in the right location.
Another solar energy related business that you can consider starting is a solar farm. The average person out there is familiar with solar panels mounted on the rooftop of houses but the truth is that both the solar panels in our homes and solar farms serves the same purpose but in varying degrees.
The solar panels in our homes are single panels mounted on the roof that gets energy from the sun (solar) and converts it into Alternating Current (AC) for use in the house, while solar farms which is also known as Photovoltaic Power are a large area of land where solar tracking towers are mounted to provide power to a community (usually a large number of people).
- Manufacture Solar Energy Cooker
Although it is capital intensive, but going into the manufacturing of solar energy cookers is one thriving solar energy related business open to investors in any part of the world. Solar energy cookers basically make use sunlight for cooking, drying and pasteurization. Solar energy cookers can be grouped into three broad categories: box cookers, panel cookers and reflector cookers.
- Manufacture Solar Energy Wristwatches
Let me assume that you would have seen solar energy powered wristwatches. These are durable watches that require little or no repairs and can be used for a long time. So, if you are looking for a solar energy related business idea, then you should consider starting solar energy powered wristwatches manufacturing company. Just ensure that you network with distributors and retailers and your products will sell beyond your expectation.
- Production of Saline Water
Another solar energy related business idea that an aspiring entrepreneur can start is to go into the production of saline water. It is fact that solar energy can also be used for making potable, brackish or saline water. Without making use of electricity or chemicals, waste water can be treated. Creating salt from sea water is also one of the oldest uses of solar energy.
- Production of Salt
Do you know that you can make use of solar energy for the production of salt? Sure, you can make use of solar energy for mass producing table salt in commercial quantities. As a matter of fact, producing salt from sea water is also one of the oldest uses of solar energy. Just ensure that your table salt is branded and packaged and you won’t have to struggle to sell them.
- Manufacture Solar Energy Calculators
Another solar energy related business idea that an investor can leverage on is the manufacturing of solar energy powered calculators. Solar energy calculators are used in all parts of the world and if you have good marketing strategies, then your solar energy powered calculators will be sold and used in most countries of the world.
- Solar Chimneys
Solar powered chimneys manufacturing business is yet another thriving and profitable business that is open to investor and entrepreneurs. Solar chimneys are passive solar ventilation systems. Shafts connect the interior and exterior of the building. The functioning can be improved by glazing and using thermal mass materials.
- Green House Farming
Another solar energy related business idea that is open to investors and entrepreneurs is greenhouse farming. Green houses are also used to convert light into heat to promote year-round cultivation of special crops. Greenhouses are used to overcome shortcomings in the growing qualities of a piece of land, such as a short growing season or poor light levels.
In essence, they are designed to improve food production in marginal environments. Horticulture and agriculture seek to make the maximum use of solar energy. These include techniques like timing of planting cycles and mixing of plant varieties.
- Manufacture Solar Hot Water Heating System
Manufacturing of solar hot water heating system is another interesting solar energy related business idea that an aspiring entrepreneur can successfully start. Solar hot water systems make use of sunlight to heat water. In low geographical latitudes (below 40 degrees) from 60 to 70 percent of the domestic hot water use with temperatures up to 60 °C can be provided by solar heating systems.
The most popular types of solar water heaters are evacuated tube collectors (44 percent) and glazed flat plate collectors (34 percent) generally used for domestic hot water; and unglazed plastic collectors (21 percent) used mainly to heat swimming pools.
- Manufacture Solar Balloons
Another cool way to make money from solar energy related business is to go into the manufacturing of solar energy powered balloons. A solar balloon is a black balloon that is filled with ordinary air. As sunlight shines on the balloon, the air inside is heated and expands causing an upward buoyancy force, much like an artificially heated hot air balloon. Some solar balloons are large enough for human flight, but usage is generally limited to the toy market as the surface-area to payload-weight ratio is relatively high.
- Portable Solar Energy Powered Chargers/Power Bank
Manufacturing of portable solar energy powered chargers or power banks is yet another solar energy related business idea that is open to aspiring entrepreneurs. You can charge your laptop, tablets, phone, camera, internet modem and other mobile devices with the aid of solar energy powered chargers or power bank. With solar energy powered chargers or power bank, you don’t have to worry about plugging your device to a wall socket; you can charge your mobile device on the go.
- Manufacturing of Solar Road Studs
Another thriving and profitable solar energy related business idea that an aspiring entrepreneur can leverage on is the manufacturing of solar road studs. Solar road studs are those lights you see on the road at night; they are those glowing markers that light up the outlines of roads at night, making it easy to see the clearly defined areas of the road.
In most cases, people get confused on how those light are powered; they are powered via sunlight. On dark roads at night, road studs can be life saver. They help in ensuring that those who drive at night maintain the right part of the road.
- Solar Trash Compacting Bins
Manufacturing of solar trash compacting bins is yet another thriving and profitable solar energy related business that is open to investors and entrepreneurs. In most industrialized countries, solar trash compacting bins are strategically placed in public spaces and designed to look like ordinary trash cans, solar trash compacting bins use the power of the sun to charge the device that compacts trash into a smaller space before they are transported to recycling centers.
- Manufacture Solatubes
Manufacturing of solatubes is another viable and promising solar energy related business that an aspiring entrepreneur should consider starting if he or she is interested in solar energy related business. Solatubes are designed in such a way that they offer convenient daylighting option for rooms without enough window light or rooms designed with inadequate space for a skylight.
Solatubes are clear, reflective tubes that direct sunlight into a particular space. Solatubes provide natural light without using electricity, and good enough, they are inexpensive. As a matter of fact, some solatubes even come with accessories such as dimmer switches and light bulb fixtures so that you can control the brightness.
- Manufacture Solar Flashlights
Another thriving and profitable solar energy related business that is open to any aspiring entrepreneur or investor is to go into the manufacturing of solar flashlights. If you are caught up in the dark or if you are going camping, you would know the value of a flashlight. Just ensure that you have a solid marketing plan and your solar flash light is reliable, you won’t struggle to get your own fair share of the available market in your target location.
- Manufacture Solar Energy Powered Tents
In the Unites States and in almost all countries of the world, people go camping in places where they can hardly access electricity. One of the ways of getting light in such situations is to make use of solar energy powered tents. Solar cells are fitted in a tent and they generate power during the day and can be used for lighting at night. So, if you are looking towards starting a solar energy related business, one idea you should consider is the manufacturing of solar energy powered tents.
- Design and Production of Solar Energy Heated Pools
Another interesting solar energy related business that an aspiring entrepreneur or investor should consider starting is to go into the designing and production of solar energy heated pools. In countries around the polar regions, pools do get so cold during the day and one of the ways of getting people to swim in such pools is to heat up the pool.
Solar pool covers are insulated pool sheets that retain heat in the water, and solar pool heaters pump water through tubes where they are heated by solar panels. With that, the temperature of the pool can be controlled and people can swim whenever they want to.
- Start Blogging on Solar Energy Related Topics
Blogging in solar energy related topics is one cool way of starting a solar energy related business. Blogging is all about creating useful and perhaps educative content for a target audience on the internet. If you think that you have good knowledge of the solar energy industry, you can make money by sharing your knowledge to a wide range of audience via your blog.
This is how making money from blogging works; if you have good contents on your blog, loads of people will visit your blog. The larger the traffic that visits your blog, the more money you will make. If you blog attracts huge traffic, you can attract adverts from top corporate organization. You can also earn money from your blog via AdSense, by offering subscription services to members and also selling products via your blog.
Starting a solar energy related television program is yet another interesting business idea that an aspiring entrepreneur can start. There are different mediums through which people learn and one of such medium is the television. If you are good at developing contents for television, then one of the businesses you can successfully launch is to an educative solar energy related program for television.
Your program can be designed to educate people on the use of solar energy, the advantage of green energy and other related topics. The truth is that if your solar energy related television program is well organized, you will attract good sponsorship deals from corporate organizations and even government agencies.
Another medium through which people learn is the radio. So, if you are good at developing content for radio, then you should look towards developing educative solar energy related programs for radio; a program where people can learn different subjects as it relates to solar energy.
If your solar energy related radio program is well packaged, you can easily attract corporate sponsorship and also you can compile various editions of your solar energy related radio program on CD and sell it to your audience to generate income.
- Become a Solar Energy Consultant
If you are well grounded in the solar energy industry and you are looking towards starting a solar energy related business, one of your best options is to become a solar energy consultant. As a solar energy consultant, if you are able to prove your worth, you will be able to consult for industries, NGOs and even for the government of your country. The truth is that a solar energy consultant can make huge money if they are able to proffer long lasting solar energy related solutions for their clients.
Another thriving and profitable business that an entrepreneur who is looking towards starting a solar energy related business should consider starting is publishing of solar energy magazine.
Magazine companies make profit from the sale of their magazines in newsstands, from advertisement from stakeholders and of course from those who sign on to prepaid subscriptions; and when it comes to distributing magazines, most magazines publisher make use of the mailing system, bookshops, strategic newsstands, through registered vendors and selected pick up locations et al.
The competition in the magazine industry is high but one thing is certain, if you are able to set a standard in the industry, you are sure going to get committed and faithful readers who would not mind paying annual subscription fees upfront.
- Organize Solar Energy Expos
If you are good at organizing events, one of the solar energy related businesses that you can successfully start is to organize fashion expos. There are loads of inventors and manufacturing companies who are into the design and manufacturing of solar energy gadgets or equipment especially upcoming inventors who are looking for platforms to showcase their solar energy related products, and they wouldn’t mind to embrace your platform if it is well packed and affordable.
- Production and Installation of Solar Energy Powered Traffic Control Light
Another thriving and profitable solar energy related business that is open to investors and entrepreneur is to go into the production and installation of solar energy powered traffic control light. The fact that the traffic light is mounted in the open makes solar energy one of the most suitable means of powering the traffic light.
- Production and Installation of Solar Energy Powered Street Lights
If you are already into the production of solar energy powered traffic control light, then you can as well add the production of solar energy powered street light. As a matter of fact, the government of most countries prefers powering their street lights with solar energy as against any other source of electricity power generation.
With solar energy powered street lights, the tendencies of having blackout in our streets is reduced to the barest minimum. This is so because the solar panels powering the street lights are designed to store up solar energy even with very minimal sunlight.
- Start a Solar Energy University or Training Institute
Education and Training is key to any industry which is why you can find specialized universities like oil and gas university, marine university and films and arts colleges et al. So, if you are looking towards starting a business in the value chain of the solar energy industry, then one of your options is to start a specialized solar energy university or training institute.
This type of business requires proper planning and accreditations from the appropriate authorities before you can successfully launch it. You can gain support from major players in the solar energy industry if you approach them and give them reasons to see how your university can benefit them.
- Manufacturing of Solar Energy Powered Children’s Toys
Children all over the world can easily relate with toys no matter the language they speak or the color of their skins. This goes to show that there is a very large market for children’s toys. So, if you are considering starting a solar energy related business, you can consider going into the manufacturing of solar energy powered children’s toys. With such toys, parents won’t have to spend money buying batteries to power their children’s toys. Just like any other business, if you are able to break into the market you will sure make huge profits from this business.
- Manufacturing and Installation of Solar Energy Signposts
Another profitable and thriving solar energy related business that an investor or entrepreneur should consider starting is to go into the manufacturing and installation of solar energy signposts. With a solar energy powered signpost, you won’t have to look for a source of power to power your signpost at night. The sign post is fitted with a solar panel that stores up solar energy during the day and converts the energy to light at night.
- Go into the Manufacturing of Solar Energy Powered CCTV Cameras (Surveillance Cameras)
Another thriving and profitable solar energy related business that an aspiring entrepreneur should consider starting is to go into the manufacturing of solar energy powered CCTV cameras and accessories. As a matter of fact, there is hardly any bank, office and street in the united states and in most parts of the world where you won’t find surveillance cameras installed.
This goes to show that there is indeed a large market for solar energy powered CCTV cameras and accessories. So, if you looking towards starting a solar energy related business, then one of your options is to go into the manufacturing of solar energy powered CCTV cameras and accessories.
- Open a Retail One – Stop Shop for Solar Energy Powered Gadgets and Equipment
If you are looking towards starting a solar energy related business, a business that is less demanding to start, and of course a business that is profitable and thriving, then one of your options is to open a retail one – stop shop for solar energy powered gadgets and equipment.
The truth is that if you have a wide range of solar energy powered gadgets in your shop and you also provide after sale services such as installation, maintenance and repairs of solar energy powered equipment and gadgets, you will sure attract loads of clients to your shop.