SOLAR FARM BUSINESS PLAN SAMPLE AND FEASIBILITY STUDY REPORT FORMAT
Do you need a solar farm business plan template to work with? The solar farm business is a very profitable venture, attracting budding entrepreneurs who see investment opportunities. However, for some, it goes beyond just wanting to invest. The problem faced by these types of investors is how to write a good solar farm business plan. This article comes to the rescue, providing such groups of people a solar farm business plan sample to work with.
By carefully following this small solar farm business plan sample, they can easily replicate the format, while sticking to their unique business idea through proper brainstorming. We start with the table of contents;
Sample Solar Business Plan Template and Feasibility Report
- Executive Summary
- Products and Services
- Vision Statement
- Mission Statement
- Market Analysis/Trends
- Target Market
- Competitive Advantage
- Publicity and Advertising Strategy
- Sources of Income
- Sales Projection
- Payment Channels
Solar Power Solutions Inc. is a solar farm business to be located in the heart of Detroit. With services that encompass installation of solar power, manufacturing of solar component parts, including panels and batteries plus the sale of all solar power installation components, we are a complete solutions solar business.
However, we will also be offering services that include maintenance and servicing of solar installations as well as repair of faulty installations.
Products and Services
The products and services available at Solar Power Solutions Inc. include thin film solar power plant construction, solar energy supply and installation of solar power clients. Apart from these, other products includes the manufacture of solar panels. Services include provision of training services for clients interested in learning the art of solar manufacture.
Our vision at Solar Power Solutions Inc. is the establishment of total solar farm solutions company where every aspect of the business, from manufacture, down to installations and sale of component parts is totally covered and provided by us.
While ensuring that only the very best of services are offered, we will be guided by services excellence, passion and dedication to achieve our main goals.
To be among the top four solar farms offering superior solar power solutions to clients at competitive prices. We will strive to ensure that this achieved within the first two years of commencement of business.
The solar industry continually continues to receive high attention due to its clean way of generating electricity. This is coupled with the fact that it has received support from governments and continues to grow popular among its users.
Another aspect of its growth is the recent drop in solar panel costs due to new construction technologies, coupled with more manufacturers coming into the Solar business, creating an environment for competition, thus benefitting the end-users immensely through reduction in installation costs and other associated charges.
With its rising popularity among individuals and corporate bodies, the use of solar energy has also come with the need for maintenance and repairs, apart from new clients being introduced to this power option. The need for companies that offer these maintenance and repairs as well as manufacturing services is on an increasing rise.
Hence some our target markets includes corporate organizations like banks, telecoms companies and financial institutions such as insurance houses.
Others include hotels, sport facilities, advertising agencies, media outlets, hotels and printing press including all types of businesses that depend of electricity to run their business.
The competitive advantage we have over other similar businesses is our diverse workforce configuration. Hiring only the best hands with high skills and experience in solar power solutions, we will be driven by high professionalism. Attractive remuneration packages will be provided to our workforce to ensure they are highly motivated.
Publicity and Advertising Strategy
We will be adopting highly effective publicity and advert strategies that will include the use of local and TV stations to showcase our services. Other strategies will include using the internet as an effective marketing tool through the building of a website showcasing all our products and services. Social media will also be deployed to ensure that knowledge of our services gets to the widest audience possible.
Sources of Income
Our sources of income will come mainly from the products and services rendered by us. Some of these products include the sale and distribution of solar power components, monitoring services, solar installation, replacement and repair services and also the training of program organized for people interested in learning about solar power, its manufacture and installations.
With research carried out by us, we have come to the conclusion that based on the current market information; our revenue potential will rise considerably. We will be witnessing a robust growth within the first three years of commencement of operations. This is briefly shown in the chart below;
- First Year $530,000
- Second Year $880,000
- Third Year $2,100,000
With several solar power services being provided by us, we have come up with easy and convenient payment options our clients can choose from. This will effectively ease the problem caused by few payment options which do not provide the needed variety to adequately cater for the needs of our clients.
Some of the payment channels we will be using include the use of the POS machine for payments, acceptance of cash payments, mobile money transfers, credit card payments, cheques among others.
This is a solar farm business plan sample, with basic information that must be available in any good solar farm business plan. It helps the entrepreneur to easily write his own unique plan while using some of the guide offered in this article. It is believed that with proper usage, this will be an invaluable tool in writing a good solar farm business plan.