There are many benefits to starting a solar panel wholesale business. Ultimately, this is good for both commercial and global solar development.
Introcuction of Solar Panel Wholesale Business
The larger the array, the lower the total cost per watt. The cheaper solar and storage become, the more accessible it becomes for everyone, which is probably why you started this business. Selling in bulk helps your company achieve economies of scale, so you can offer customers the lowest prices and participate in global solar growth.
The vast majority of new solar growth in the off-grid market comes from family homes, oceans, RVs, and households. The global off-grid solar PV panels market size was valued at USD 2.3 billion in 2021 and it is projected to register a compound annual growth rate (CAGR) of 8.47% from 2022 to 2030.
Proliferation of PV panel manufacturing companies along with growing solar PV capacities is expected to drive the solar panels market growth.Demand for bulk purchases will remain strong over the years.
The U.S. emerged as the largest off-grid solar PV panels market in North America during 2021. Owing to the rising consumption of PV panels in the country, the U.S. is recognized as the second largest in the world, in terms of the adoption of PV panels. The market in the country projected to exhibit a significant CAGR during the forecast period.
Low maintenance and management costs incurred for installing off grid solar panel is furthermore expected to increase Technology demand during the forecast period. Off-grid solar panels are easily adjustable as per the position of the sun to harness maximum energy and output.
Off-grid solar panel also helps in promoting self-sustaining infrastructure, especially in remote areas. Off-grid solar PV panels provide higher efficiency along with maintaining the constant temperature of silicon panels, thus maintaining the output level. The major factor driving the global off-grid solar market is the declining cost of solar PV and batteries.
Growing awareness among the population to use low carbon intensive technologies to limit carbon footprint is one of the main factors that is driving the adoption of solar PV systems in commercial, industrial and residential sector.
How to buy solar panels wholesale
Buying solar panels wholesale typically involves several steps to ensure you get the best deal and quality products. Here’s a general outline of the process:
Research and Planning:
Understand your solar panel requirements: Determine the quantity, wattage, and specifications of the solar panels you need.
Research suppliers: Look for reputable solar panel manufacturers and distributors who offer wholesale pricing. Online directories, industry trade shows, and recommendations from industry professionals can help you find potential suppliers.
Reach out to potential suppliers: Contact the suppliers you’ve identified to inquire about their wholesale pricing, product availability, warranty information, and any additional services they offer.
Request quotes: Ask for detailed quotes that include the cost per panel, any volume discounts, shipping fees, and any other applicable charges.
Compare quotes: Evaluate the offers from different suppliers based on the cost, quality, warranty, and any additional services provided.
Consider reputation and reviews: Research the reputation of the suppliers by looking for reviews, testimonials, and ratings from other customers.
Negotiate terms: If you’re dealing with larger quantities, you may have room to negotiate prices or terms with the suppliers. Be prepared to discuss volume discounts, payment terms, delivery schedules, and any other relevant factors.
Quality and Certification:
Ensure quality: Ask about the quality standards of the solar panels, such as efficiency ratings and certifications (e.g., UL, IEC, TUV). Make sure the panels meet the necessary standards for your region.
Request samples: If possible, request samples or visit the supplier to inspect the products in person before placing a large order.
Warranty and Support:
Warranty terms: Clarify the warranty terms for the solar panels. Ensure you understand what is covered, the duration of the warranty, and the process for making a warranty claim if needed.
Logistics and Shipping:
Shipping and delivery: Discuss shipping options and costs with the supplier. Consider factors like shipping time, packaging, and insurance for the panels during transit.
Payment and Contracts:
Payment terms: Agree on payment terms with the supplier. Depending on the supplier and your relationship, you may need to pay a deposit upfront or arrange for payment upon delivery.
Contract: Have a clear contract in place that outlines the terms of the purchase, including the quantity, specifications, pricing, warranty, and delivery details.
Finalize the Purchase:
Place the order: Once you’re satisfied with a supplier’s terms, place your order according to the agreed-upon terms and quantities.
Installation and After-Sales Support:
Installation: Plan for the installation process of the solar panels. If you’re not doing the installation yourself, coordinate with the installer regarding delivery and installation dates.
After-sales support: Maintain contact with the supplier for any post-purchase support or assistance you may need.
Benefits of Solar Panel Wholesale Business
Larger, more consistent sales orders lead to higher average order values. When you sell more sales, your revenue increases. Also, your inventory turns will increase. When you manage your business operations efficiently, your company also has the opportunity to achieve and maintain economies of scale.
Customer retention rates are higher for bulk orders. Large-scale orders open the door to building long-term relationships with customers. In the beginning, both you and the potential buyer will go to great lengths to do due diligence on each other.
If all goes well and potential customers are satisfied with your offer, they will go ahead and place an order. Your follow-up with your first order leads to trust, and from that point on, you can nurture that relationship.
Top 10 Cities for Wholesale Solar Panels
The global demand for solar energy has driven the growth of the wholesale solar panel market, with certain cities emerging as key players in this industry.
These cities serve as hubs for solar panel manufacturing, distribution, and wholesale trade, playing a crucial role in meeting the increasing global demand for renewable energy solutions.
Shanghai, Shenzhen, and Guangzhou in China lead the pack with their vast manufacturing capabilities and established supply chains. Munich in Germany serves as a distribution center for Europe, while Los Angeles in the United States represents a thriving market in North America.
Tokyo in Japan, Delhi in India, and Melbourne in Australia cater to the renewable energy needs of their respective regions. Additionally, São Paulo in Brazil and Johannesburg in South Africa showcase the growing importance of solar panels in emerging markets.
These cities, with their industry expertise, innovative research, and commitment to renewable energy, contribute significantly to the global wholesale solar panels market, promoting the widespread adoption of clean and sustainable power sources.
Shenzhen is renowned for its electronics manufacturing industry, including solar panels. Many wholesale solar panel companies have their operations based in Shenzhen. The city is known for its high-tech manufacturing capabilities and serves as an important hub for sourcing solar panels at competitive prices.
Many well-known wholesale solar panels suppliers gathered here, such as Ecoflow, Jakery, Bluetti, Sungold, and Growatt, are establishing and developing their business in Shenzhen. These companies have a good reputation and technical strength in solar panel manufacturing, which not only energizes the wholesale solar panel market in Shenzhen but also provides high-quality and reliable solar products to the world. This agglomeration effect has made Shenzhen one of the key centers of the global solar industry.
Shanghai is not only a global financial hub but also a major player in the solar panel industry. The city hosts numerous solar panel manufacturing facilities and serves as a distribution center for wholesale solar panels. Shanghai is home to some of the largest solar panel manufacturers in the world, contributing significantly to the global supply chain.
As one of China’s manufacturing powerhouses, Guangzhou plays a crucial role in the wholesale solar panel market. The city boasts a significant number of solar panel manufacturers and suppliers, making it a vital distribution center for both domestic and international markets.
Munich is a leading city in the European solar panel industry. It hosts several wholesale solar panel companies that distribute products across Europe. Munich is known for its expertise in renewable energy and serves as a center for solar panel research and development, making it an important hub for the industry.
Los Angeles, USA
Los Angeles is a prominent city in the United States for solar energy adoption. It has a flourishing wholesale market for solar panels, catering to the high demand for renewable energy in California and other parts of the country. The city is also a hub for solar innovation and research, driving the growth of the wholesale solar panel industry.
Tokyo is a major player in the Asian solar panel market, hosting numerous wholesale suppliers. The city’s commitment to renewable energy and favorable government policies have led to a significant increase in solar panel installations. Tokyo’s wholesale solar panel market caters not only to domestic demand but also serves as a distribution hub for other parts of Asia.
Delhi, the capital city of India, is a hub for the wholesale solar panel market. With India’s ambitious renewable energy goals, there has been a substantial increase in the demand for solar panels. Delhi serves as a center for wholesale distribution, supplying solar panels to various regions across the country.
Melbourne is a significant city in Australia’s solar industry. It hosts several wholesale suppliers that cater to the growing demand for solar panels in Australia and the wider Asia-Pacific region. Melbourne’s solar panel wholesale market benefits from the country’s commitment to renewable energy and its favorable solar policies.
São Paulo, Brazil
São Paulo, the largest city in Brazil, has emerged as a key player in the wholesale solar panel market. With Brazil’s increasing focus on renewable energy, there has been a surge in demand for solar panels. São Paulo serves as a distribution center, connecting solar panel manufacturers with the growing market in Brazil and neighboring countries.
Johannesburg, South Africa
Johannesburg is a prominent city in Africa’s solar industry. The city has a developing wholesale market for solar panels as the continent embraces renewable energy solutions. Johannesburg serves as a hub for solar panel distribution, supplying panels to various African countries and supporting the region’s transition to clean energy.
Bulk sales attract manufacturers and other suppliers. The more successful you are at selling other people’s brands, the more they will give you a discount in terms of ability.
Part of your success will definitely depend on your regular customer base. But don’t get too comfortable. Every wholesaler needs to constantly strive to find new qualified buyers to increase your overall sales.