Opening a solar energy agency: How much capital do you need?

“How much capital do you need to open a solar energy agency?” is the first question that comes to mind if you’re considering entering the solar business. You want to start but feel you don’t have enough capital and no experience in this field.

Many partners, before collaborating with DAT Solar, have similar concerns. No worries! This article will try to provide all the information you need. Hopefully, these will be your first tools on the road to conquering the sun.

How much capital does a solar business need?

DAT Solar can quickly answer that to start a solar business, the initial estimated cost is around 4.000-8.000 USD for working capital if you already have a store or business. If you are starting from scratch, it’s about 12.000 USD (including part of the cost for space and warehouse). With DAT Solar, partners are not subject to sales quotas. You only pay when you receive goods. In the initial phase, partners only need to take 1 pallet of solar panels to start the business. After doing business for a while and wanting to accelerate customer response or expand the business, you can increase the order quantity from DAT Solar.

Other types of expenses

Solar business establishment costs (For partners without existing businesses)

If you are just starting a business, you will incur a small cost for this. Currently, there are many service providers for business establishment on the market. The all-inclusive cost is around 200 USD. This cost includes the following services:

– State fees

– Service fees for license application support

– Seal

– 3-year digital signature

– Electronic invoice software

– Initial tax declaration

– Registration of electronic tax payment account

– Sample notice of seal

– Business bank account registration

– Bank account notice

– Invoice issuance registration

The above cost does not include the business license tax. However, you are exempt from paying the business license tax in the first year of business establishment. In the following years, you must pay it once a year.

Logo design costs (For new businesses or businesses expanding into new areas)

The need for a logo will arise as you prepare to operate. As you get closer to the launch, the demand for a logo may arise. The logo is used on signs, business cards, and especially needed if you are designing a website.

The importance of the logo is that it gives your business an identity, making it stand out from other solar businesses! In other words, the logo is to build your brand, your image. It is an asset you can use for customer identification and immediate recognition. Typically, the cost to design a quality logo ranges from 60 to 200 USD (depending on your requirements). Of course, you can also find places that offer design for a few hundred USD, but rarely with quality. Because design requires a period to come up with ideas as well as complete a product.

Website design and operation costs

You should definitely invest in a website for your business. In the era of Industry 4.0, this is a mandatory task. You are not just selling to people near you, but selling to anyone who can buy. The website is like your online store. If the store looks beautiful and professional, customers will trust and choose you.

The cost to design a solar business website is about 80-1.200 USD (Depending on your requirements). But in the early stages of business, DAT Solar advises you to invest only about 200 USD for a website that works well. In the following years, you only need to spend 40-80 USD on hosting server operating costs.

Conclusion

So the question “How much capital do you need to open a solar energy agency?” has been answered by DAT Solar. You need an average cost of 400-1.400 USD to start a business agency.

We hope you are satisfied with this advice and that it will be useful in planning your business. For any contributions or if you have any other questions, you can chat and call DAT Solar’s hotline 1800 6567.

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Wish you success!