Solar Energy Installation Business Plan (2024 Sample)
Get a soft copy of the Solar Energy Installation Business Plan in Nigeria. It is feasibility study that gives a complete report on how to set up and manage a Solar Energy Installation Business. The guidelines are clearly outlined for anyone, on this article, we will be talking about how you can successfully start up your own Solar Energy Installation Business Plan in Nigeria and the uses of the feasibility study pack.
The Solar Energy Installation Business Plan in Nigeria feasibility study offers a whole lot, these includes how to start up yours, what to use it for. There are also factors to consider before going into the Solar Energy Installation Business. These factors will determine the successes and the failure of the venture, it can as well serve as an item for securing loans.
Uses Of Solar Energy Installation Business Plan In Nigeria
Feasibility studies can be used for a whole lot, among them includes the following information that will be listed below, see list below –
- This business plan can be used to apply for a bank loans
- It can as well be used in proposal writing
- Grant applicants can use this Solar Energy Installation Business plan in Nigeria feasibility study in applying for grants.
It is important to note that this business plan was written solely for solar energy production and installation in Nigeria, and thus, before going into the solar installation business, getting feasibility should be the first start. In continuation, there are points that will be outlined on this article… Keep reading!!
Factors To Consider Before Starting A Solar Energy Installation Business Plan In Nigeria
Start Up Capital – One of the factors that motivate you into going into a business venture is capital. When you have money or you have an avenue to source for fund, you can actually go into planning of a business venture. With adequate capital, you can start up and run your business properly before profit starts coming in. Sources of raising capital include;
- Bank loan
- Government grant
- Business partnership where one party funds etc
With the Solar Energy Installation Business Plan Feasibility Study, you can apply for a loan. So get going………..
Get The Necessary Information On The Business – You don’t want to go into any business you know nothing about, getting a prior knowledge of the business tells you how, when and where you set up the business. Before you get a business name, register, get a business plan. Before setting up ask yourself these questions;
- How large is the market?
- Is there demand for the product?
- Is the product and services one people will pay for?
- How stiff is the competition?
- What are the risk involved?
- Is the business legal approved? Etc
These questions will form the basis for your business objectives, and perhaps decide if going into the business is the best option.
Business Registration Procedure – In Nigeria today, registration of business venture is advisable, it keeps you away from any form of business impersonation, it gives you an edge in situation of signing business contract, once registered, the business becomes a separate entity from its owner. In Nigeria, the legal body in charge of business registration Corporate Affairs Commission (C.A.C), you become a certify entity with a permit. An advantage of registering business includes a possibility of having your loan request accepted.
Get A Business plan – You need a business plan in order to achieve your business objectives. A business plan is like a road map for your business, most business plans in Nigeria comes as a feasibility study in PDF form, you can actually contact professionals to help you in getting a well written business plan on this subject. Or better still buy an already written business plan by professionals.
Hurry now, TO GET YOUR SOLAR ENERGY INSTALLATION BUSINESS PLAN Feasibility Study. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the SOLAR ENERGY INSTALLATION BUSINESS PLAN / FEASIBILITY STUDY PDF, send the following info (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
NOTE – It is important to note that the Business Plan for Solar energy PDF will immediately be sent to the email address after your payment has been confirmed.(Soft copy only).
Continue Reading;
Skill Acquisition – Skill acquisition entails getting proper education on the working of installing solar energy. There are training centers but for the sake of comfort, if you are a fast learner, you can learn using tutorials from videos on YouTube channels, tutorial websites as well as other internet sources. The technicality involved entails that you at least get a formal training on the business, since it is a service rendered to the public.
Buy Solar Installation Equipment – After getting the necessary skill set required for the installation of solar energy, you would have known the basic working tools required for the business. Source for your equipment, if non is available in the market, you can make orders from online stores, however, you need your complete work tools before you begin, here are a few equipment you should buy;
- Drill bits
- Earplugs
- Safety eyeglasses
- Gloves
- Screwdrivers
- Pliers
- Hammer
- Utility knife
- Screws of all sizes etc.
Location & Product Advertisement – You need your business to be seen in order to get the required customers it deserves. Setting up a business such as Fashion design business, Tailoring business, Fish farming business or even Solar energy installation in a popular area where you have high influx of people, you are likely to get people who will want to ask for your services, a good location makes your advertisement a little more easier. There are several mediums for advertising, see below;
- Television stations
- Newspaper
- Internet websites (popular blogs).
- Social media (through influences on platforms such as twitter, FaceBook, Instagram, Whatsapp, flyers etc.
Will Solar Energy Installation Business Work?
Most people are in the habit of asking questions especially if it involves them investing lots of money, the truth is, it is not wrong to ask since your hard earned money will be going into the venture.
Solar Energy Installation Business will defiantly work in Nigeria, here are my reasons;
Power Generation & Power Supply – Nigeria as a country has over the years had issues with power generation as well as power supply, the reasons behind this is unknown, however, there is no way a nation of over 200 million people will be satisfied with power generation of less than 5,000MW on the daily, in fact an estimated approximate daily power generation in Nigeria is 4,423.00MW. in addition to low power generation, distribution has also been a major problem, you have a situation where a particular area won’t have light for days while other have a field day.
Customer Base – There are millions of Nigerians who stay in darkness, there are businesses that survive via daily generation of power from generator, there are also people who are readily available to pay for that alternative source of power that will not be cumbersome. Power/electric energy is scarce hence the market for power is there for the taking.
Environmental Friendly – The Solar energy is eco friendly since it doesn’t involve emitting of smokes just like we have in generator sets. Solar energy as the name implies draws its radiant energy from the. The science involved in this entails that the installed solar panel capture the light from the sun, it processes the energy into electricity, which can become consumable for both public and private entities. With contents such as oxygen, iron, nitrogen, magnesium and carbon the sun is able to emit a whole lot energy.
Source of Power Supply In Nigeria
Over the years the Nigeria government has maintained a systematic method of power generation, this includes the following;
- Coal
- Hydro
- Oil
- Natural gas
Since inception, the above has been the source of power generation in the country, however, the introduction of solar energy provides the people with an alternative source of which has never been in use before. Going by the facts and figures it has become clearer that solar is the way out of this power shortage since Nigeria is blessed with abundant power supply.
Why You Should Go Into Solar Energy Installation Business
You may be asking what do I need Solar Energy Installation Business Plan Feasibility Study for, or why should I even go into the business of providing alternative power source, here is the gap;
Power Gap In Nigeria – Do you know that a while ago, the Nigeria installed an electricity capacity of 12,522MW? Do you also know that the 12,522MW electricity capacity is below what is required to provide sustainable electricity in the country, what is needed is 98,000MW.
As stated earlier our daily output is about 4,243.00MW, which means there is a deficit in supply of power to the tune of 93,757MW. This also means there is a shortage in the supply of electric energy in Nigeria, the figure above in percentage represent thus, 45% of the population have electricity which in most case is epileptic, while a whooping 55% live in complete darkness.
Now you see where your input will come in handy. Who knows you might be the major solar energy installer in your area… Start Now!!
Hurry now, TO GET YOUR SOLAR ENERGY INSTALLATION BUSINESS PLAN Feasibility Study. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the SOLAR ENERGY INSTALLATION BUSINESS PLAN / FEASIBILITY STUDY PDF, send the following info (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
NOTE – It is important to note that the Business Plan for Solar energy PDF will immediately be sent to the email address after your payment has been confirmed.(Soft copy only).
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