BUSINESS IDEAS
12 Solar Business Ideas to Consider in 2024
The solar energy industry in the United States is booming, with annual installations doubling nearly...
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November 13, 2023
The solar industry is booming across the United States as more homeowners and businesses look for renewable energy options. However, operating a solar business comes with certain policies and regulations to be aware of. In this article, we’ll explore some of the key rules solar businesses need to know at both the federal and state levels.
At the national level, the Federal Energy Regulatory Commission (FERC) regulates the interstate transmission and wholesale sales of electricity. Some other federal agencies involved in solar policy include:
Individual states have more hands-on oversight of the solar industry through public utility commissions that regulate utilities and power providers. Key state-level regulations solar businesses must follow include:
By keeping licenses and permits up to date, solar companies can avoid penalties for noncompliance that may impede their operations. It’s also wise to familiarize yourself with the standards set by your local utilities.
Having the proper insurance is essential protection for any solar business and its customers. Consult state regulations for minimum requirements, but policies you’ll generally need include:
Maintaining continuous coverage ensures your business and customers remain protected from financial risks year-round as your operations evolve. Verify any changes with your insurance agent.
When advertising, quoting, installing and maintaining solar energy systems, make sure to follow critical contracting guidelines:
Maintaining high standards of ethics and transparency in all jobs helps build meaningful relationships with clients in the evolving regulatory environment.
A few additional business operations policies solar entrepreneurs need to account for include:
Following federal, state and local regulations helps solar firms avoid legal issues down the road as standards periodically change. Keeping documentation of all licenses, permits, insurance and other required records is also wise for accountability.
By taking the time up front to understand all applicable policies, solar businesses can feel confident they are operating compliantly and building trust every step of the way with their teams and clientele. Regulations exist to promote safe, sustainable industry practices – so embrace them as guides for growth.
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