There’s a great deal of support from the federal government and from private interests to promote green energy and renewable industry. This country has targeted 2035 as a realistic deadline for achieving a level of 80% of the available energy to be supplied by renewable sources. That makes this the ideal time for you to start up a business that focuses on green energy, and here are some steps you can take to make that happen.
Find Your Niche
The green energy industry takes in a vast number of sub-industries, and it would be worth your while to do some research to find out just where you might fit in. The industry as a whole has become extremely diverse, and it will support any number of specific enterprises that all make use of green energy. If you can find a specific sector that is under-served, that might be the best way for you to break into the industry and start-up your business.
Find the Incentives
Many state governments are providing tax incentives to both private residents and business owners who make the switch to renewable energy. Such incentives have often helped to create a customer base that is interested in purchasing big-ticket items, and this is where you could focus your interest. Many states are providing financial assistance for homeowners who plan to increase the energy efficiency of their household. This is a good example of an area which could be profitable for a new business owner, by providing such energy-efficient products in areas where incentives are offered.
The federal government annually spends upwards of $10 billion on projects involving energy usage. A company looking to become involved with green energy would have a chance to bid on many of these projects now and in the future. While you may not land a major contract initially, you can start small and work your way up, so that you do get those larger and more lucrative contracts.
Need Funding to Get Your Business Started?
All businesses require funding to get off the ground, and if you are still in need of a capital source, we may be able to help. Contact us at Kasher Capital so we can discuss some options which may be available to you.