Accelerating Global Energy Transition
Cleaner, brighter future, one Renewable Energy . solution at a time.
Waaree Energies Ltd., India’s largest PV module & solar cell manufacturer, leads in renewable transformation with cutting-edge technology & comprehensive solutions.
Company Overview
Waaree Energies Ltd was founded in 1989 and is headquartered in Mumbai, India. The company operates in the renewable energy sector and focuses mainly on manufacturing solar photovoltaic modules and providing complete solar energy solutions. Over the years, it has expanded its business to include solar panel manufacturing, EPC (Engineering, Procurement, and Construction) solar projects, energy storage solutions, and various rooftop and utility-scale solar systems.
The company has developed a strong presence across India and internationally through an extensive network of distributors, dealers, and channel partners. With large manufacturing capacity and continuous technological development in solar energy, Waaree has become one of the leading solar module manufacturers in India. Its products and solar solutions are used in residential, commercial, and industrial projects, helping support the growing demand for clean and sustainable energy.
Types of Waaree Dealership
1️⃣ Dealer
Small retail level
Sell solar panels and systems to customers.
2️⃣ Distributor
Supply products to local installers and dealers.
Higher investment but bigger sales volume.
3️⃣ EPC Partner
- Install full solar projects for homes, industries, and commercial buildings.
Apply For Franchise/ Dealership
Investment / Cost
| Type | Investment |
|---|---|
| Small Dealer | ₹10 lakh – ₹20 lakh |
| Distributor | ₹20 lakh – ₹50 lakh |
| Large Distributor | ₹50 lakh+ |
Brand fee: about ₹3 lakh in some franchise models.
Space Requirement
Depending on dealership type:
| Type | Space Needed |
|---|---|
| Retail dealer | 300 – 700 sq ft |
| Dealer showroom | 500 – 1000 sq ft |
| Distributor warehouse | 1000 – 2500 sq ft |
Staff required: 3–10 employees depending on size.
Profit Margin & Earnings
Average margins:
Product margin: 10% – 25% depending on sales volume.
Service and installation profits can increase margins.
Example:
| Annual Sales | Gross Profit |
|---|---|
| ₹50 lakh | ₹5–12 lakh |
| ₹1 crore | ₹10–25 lakh |
Payback period: 1–3 years.
Documents Required
For dealership approval you need:
Personal documents
Aadhaar card
PAN card
Passport photos
Address proof
Financial documents
Bank statement (6 months)
Income proof / ITR
Business documents (if company)
GST registration
Shop license
Partnership deed / company registration
Benefits of Starting a Waaree Franchise
There are several advantages to becoming a Waaree dealer:
Established brand reputation in the solar industry
Growing demand for solar energy in India
Technical training and support from the company
Marketing and promotional assistance
Opportunities for large solar installation projects
Because renewable energy demand is increasing every year, solar dealerships are becoming one of the most promising business opportunities.
Apply For Franchise/ Dealership
Waaree Energies offers a “Waaree Solar Shoppe” franchise program, allowing partners to tap into India’s largest solar module manufacturing network. As of early 2025, there are over 400+ franchisees in India, operating in a Franchise Owned Franchise Operated (FOFO) model.
- Brand Reputation: Waaree is a top-rated Tier 1 manufacturer with 36 years of legacy.
- Product Portfolio: Access to high-efficiency solar modules, inverters, Li-ion batteries, water pumps, and EPC (Engineering, Procurement, Construction) services.
- Support: The franchise provides technical training, marketing support, and pre-/post-sales assistance.
- Required Investment: Initial setup and franchise fees generally range from ₹2 lakh to ₹10 lakh, with potential for larger investment based on scale.
- Application: Submit an application through the official Waaree website (waaree.com), the SMERGERS platform, or email.
- Discussions: Participate in discussions regarding territory, investment, and business planning.
- Agreement: Review the Franchise Disclosure Document (FDD) and sign the agreement
Application: Submit an application through the official website of Waaree Energies Ltd (www.waareedistributorship.com), through the SMERGERS platform, or by sending an email enquiry to the company.
Discussions: After submitting the application, participate in discussions with the company team regarding territory selection, investment amount, and overall business planning.
Agreement: Carefully review the Franchise Disclosure Document (FDD) provided by Waaree Energies Ltd and sign the official agreement to finalize the dealership or franchise partnership.
How to Start Waaree Solar Panel Business Franchise: A Comprehensive Guide
As the world increasingly embraces sustainable energy solutions, the solar energy industry continues to grow at an impressive pace. With governments and businesses investing in green alternatives, solar panels have become a go-to energy source for residential, commercial, and industrial applications.
If you’re considering entering this market, a solar panel business franchise is a smart way to start with lower risk and higher support. This blog will guide you through how to get a franchise in the solar panel business.
Why Choose a Solar Panel Franchise?
Entering the solar energy market independently demands significant investment in infrastructure, expertise, and brand development. A franchise model offers a more efficient route, leveraging the strength of an established brand and proven systems.
Franchise partners benefit from:
- Recognized brand credibility
- A tested and scalable business model
- End-to-end training and operational support
- Established vendor and supply chain networks
- Marketing tools and qualified lead generation
Why Partner with Waaree?
Waaree Energies, India’s leading solar PV manufacturer, offers a robust franchise program through its
initiative. With a presence in over 68 countries and a strong domestic footprint, Waaree provides franchisees with:
- A diversified product portfolio
- Technical training and ongoing support
- Strong B2B and B2C marketing resources
- Competitive margins and long-term scalability
If you’re looking to diversify into clean energy with a trusted partner, consider joining Waaree’s growing franchise network.
Step-by-Step Guide to Getting a Solar Panel Franchise
- Research the Industry and Market
Understand local solar industry trends, government policies, and available subsidies. Analyze market demand, target customer segments, and identify key competitors to assess business potential in your region. - Assess Investment and Requirements
Estimate initial franchise fees (₹2–₹10 lakhs), setup costs, and working capital. Understand the royalty structure and assess whether technical or business experience is required. Check territory size and other commitments. - Apply for the Franchise
Submit your application, attend initial discussions, review the Franchise Disclosure Document (FDD), and finalize the agreement with legal guidance. Pay the necessary fees to secure your franchise rights. - Attend Training and Onboarding
Franchisors provide training on solar products, system design, installation, safety protocols, CRM tools, and customer engagement to ensure consistent service quality and brand alignment. - Set Up Operations
Establish an office, hire skilled staff, acquire required licenses, and launch marketing campaigns. Build relationships with suppliers, financiers, and utility companies to ensure operational efficiency. - Focus on Customer Satisfaction and Growth
Deliver strong after-sales service, offer system performance monitoring, and provide flexible financing to increase accessibility. Stay updated on new technologies and consider expanding into related solar products and services.
