Its an illuminating experienceYou bring light into peoples lives
Present market, relatively immune to economic downturn, as generally only the rich install panels.When the economy turns around, potential for huge growth.Oversupply of people that will want to work for you, at least for now.Low barriers to entry - your competition will be every penny-ante installer working out of a garage that could pass the licensing test. Look at the stock chart of Akeena (AKNS) - it s hard to get big and compete with the small shops. Growth could be limited unless you can add value in some other business model.A solar panel system is capital-intensive. If your business model is to simply install panels that someone else supplies, you avoid this problem. But then, any monkey can do what your shop does, dirt cheap. If you intend to go after the customers that are cash-poor, you will need to carry the cost of the system, or somehow arrange financing. If your business model is not all-cash-up-front, then you will have to carry the cost of the panels and equipment for a short time before you get paid. It s customary not to pay a contractor the full amount up front. You may need start-up cash to purchase the equipment.
