How to prepare to writing a business plan in solar panel recycling?

Successful business can not leave a good business plan. If you want to start the solar panel recycling business, you need firstly write a good business plan for solar panel recycling, which you may prepare include market analysis, permits and license application, fund preparation, raw materials source, products sales channels, factory location selection, equipment purchase, equipment installation, worker training and so on.

1. Solar panel recycling market analysis

The solar panel recycling market has huge potential and is increasing year by year. According to statistics, the global solar panel recycling market reached $162.02 million in 2022, $219.28 million by 2023 and $385 million by 2024, should reach $931 million by 2029 with a compound annual growth rate (CAGR) of 19.3% during the forecast period of 2023-2029.

In addition, the recycling value of precious materials such as silicon, silver, and copper contained in waste solar panels have also attracted the attention of many investors. So it is the best time to start the solar panel recycling business now.

solar panel recycling business plan

2. Permits and licenses application for your solar panel recycling business

Through communication with many customers, Henan DOING learned that you need the following permits and licenses to legally start a solar panel recycling business:

a. Business license: General requirements for all businesses.

b. Environmental license: Depending on your location, you may need a license from an environmental agency, especially when handling hazardous materials.

c. Waste management license: A specific license for handling and processing waste solar panels. It is essential to comply with local waste management regulations.

d. Health and safety license: Ensuring that your solar panel recycling process meets safety standards.

e. Transportation license: If your business involves transporting waste solar panels, you may need a special license or registration for your vehicle.

3. Fund preparation for your solar panel recycling business

Every business has different fund needs, your personal financial situation and vision for your business will shape the financial future of your solar panel recycling business. And how you choose to fund your business could affect how you structure and run your solar panel recycling business. Generally speaking, fund preparation can be done in the following ways.

Prepare solar panel recycling business funds

a. Fund your business yourself with self-funding

b. Get venture capital from investors

c. Use crowdfunding to fund your business

d. Get a small business loan

e. Use Lender Match to find lenders who offer SBA-guaranteed loans

f. SBA investment programs

4. Ensure stable raw materials source

You need to ensure a stable source of waste solar panels for your solar panel recycling business to recycle. Henan DOING recommends that you choose to cooperate with solar panel manufacturers, installers or e-waste recycling companies so that you can get enough waste solar panels for your business.

5. Learn about the products sales channels

The products of the solar panel recycling business contain valuable precious metal materials such as silicon, silver, and copper. You need seek their sales channels in local, such as the metal trading market, various factories that need to use precious metal as raw materials, etc.

Final products of solar panel recycling machine

6. Factory location selection for your solar panel recycling business

If the factory address can be close to the raw material recycling area, a lot of raw material transportation costs can be saved. Alternatively, choose a location with convenient transportation to facilitate the transportation of raw materials and products. Besides, some countries ask the solar panel recycling business must be in the industrial park. If your country has this requirement, you need to choose a suitable industrial park, which has cost-effective price and convenient transportation.

7. Equipment purchase, equipment installation and worker training for your solar panel recycling business

a. Select professional manufacturer to purchase solar panel recycling equipment

Professional solar panel recycling equipment manufacturers can provide you rich experience in equipment and configuration selecting, plant layout. We, Henan DOING Company, have an engineer team who can design suitable programs for our customers. And the sales team has rich of experience in help customers start the solar panel recycling business.

b. Purchase solar panel recycling equipment

The quality of solar panel recycling equipment is crucial to the success of your solar panel recycling business. Henan DOING solar panel recycling equipment is with as high as 98% recycling rate, adopting advanced automated environmentally friendly disassembly technology, accurately separate the various components of waste solar panels, such as glass, aluminum frames, silicon wafers, copper foil, silver paste, etc.

Solar panel recycling equipment structure

And the waste gas, waste water and waste residue generated during the solar panel recycling disassembly process are treated by specialized environmental treatment sections, which meet international and different countries' environmental requirements, such as standards in Europe, India, the United States, France, Canada and other regions.

c. Solar panel recycling equipment installation

If you purchase our DOING solar panel recycling equipment, we will arrange installation engineer to your project site to guide all the equipment installation process. And after installation, the engineer will run test the solar panel recycling equipment until it can run well.

d. Worker training for your solar panel recycling business

The engineer of DOING will provide you a comprehensive worker training program that covers safe operating specifications and teaches employees how to properly use protective equipment to avoid injuries during disassembly and handling, thereby creating a professional, compliant and efficient working team.

The above is the preparation for writing a business plan in solar panel recycling. Through these preparation, you will have a complete understanding for the whole business. If you have decided to start a solar panel recycling business and want to purchase solar panel recycling equipment, you can send us an inquiry. Henan DOING will wholeheartedly provide the best service for you.