Solar Power Business Idea

Neville Medhora: “In Austin they have started a program that allows residential homes to recieve up to a $5,000 check per year simply for having a solar system on your home (that generates a certain amount of power). You could offer free installation of solar panels on homes in exchange for these yearly checks. A lot of people would jump at the chance for “absolutely free” solar panels, especially in green-place like Austin. Outfitting a home with a solar panel system generally costs $15,000 – $20,000. For commerical buildings, the city writes checks of up to $100,000 per year. Looking out at my aparment complex, putting solar panels on each roof would be discreet and bring in 100 grand per year, plus save the complex tons of money. This was an idea I was pretty involved with for a while. The solar industry is becoming huge in the United States, take advantage of it!”

Update: For more green business ideas, read my review of 75 Green Businesses You Can Start to Make Money and Make A Difference.


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