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"Renewable Energy Consultant Business": How to Get Started

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Interested in living off-the-grid? Or simply understand the know-how of solar panels, wind tunnels, and generators in general? The alternative energy industry is on the rise, and many households are transitioning to renewable energy either partially or totally. In Australia, the leader in the household solar panel, 1 in every five houses is using solar panel nowadays. U.S. and other countries are catching up, so it's the perfect time to enter the business.

One of the opportunity available in the industry with a relatively low investment is to become a consultant and installation specialist. It involves relatively low monetary investment, and you can get additional profit by marking up the products. However, you will need to learn the technical know-hows of the industry.

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Interested in starting this business?
Here are some things to help get you started.

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1. Startup Investment
Being a consultant, you won't need a significant startup investment. You will need a computer, a phone, and reliable internet connection. If you plan to lease an office, the rent cost will vary with each location. You might, however, need to invest in training courses or similar educations. It's safe to say that you can start with around $2,000.

2. Focus on One Energy Source
Your primary options will be either solar or wind power, and most of the time, it's dictated by your location. If you live in an area with a lot of farms, or near the beach, wind turbines will have a lot of potential markets. Otherwise, the solar panel is a better choice for the residential area. The technical expertise required for each is very different, so it's better to focus on one.

3. Licenses and Permits
Some locations will require a special permit for energy related business. Consult your local authorities to get a better picture regarding required licenses and permits.

However, some states also offer incentives and tax credits for renewable energy businesses and consumers, and it might benefit you in some form or another.

4. Marketing
Build networks with local architects and contractors, they might recommend your service for new houses or during remodeling. Also, contact the product supplier with a proper business proposal, they might offer your service to their customers. Strong networking will be the key to this business.

However, it's best to stay independent from suppliers and not affiliated to one, so you can provide more options for your clients. Build a functional website where you can showcase your services, and give out flyers and brochures.

5. Don't Stop Learning
The renewable energy field is advancing at an impressive rate, and new products and developments are being built every other day. Make sure to update your knowledge regularly, and know the newest products available on the market.

Earning Potential

Solar panel installation will cost your clients around $7-$9 per watt produced including products. With the average kWh of American household being 10,900 kWh, the installation for a house will cost roughly $50,000-$75,000 including government's incentives.

Say you got 5% installation fee of the said price, you can get $2,500 for each installation. If you can get two installations a month, you can easily make $60,000 annually.