What We Are

SolarMyPlace is an online B2B and B2C marketplace bringing manufacturers, suppliers and consumers together to make our vision of transforming our society’s future into a sustainable one.

Through our extensive global network, we are aiming to minimize the gap between the production and consumer market.

With the aim of reaching every corner of the world, we are focussing solely on US, China, Canada and India markets as they contribute most of the solar power market production and consumption.

Our platform caters the industry with our huge range of products from LED Lights to Solar Panels for both commercial and home purposes.
We welcome our clients to partner with us.

Solar Panel Solution For Home
Solar Products

Our Products

SolarMyPlace is an online B2B and B2C marketplace bringing manufacturers, suppliers and consumers together to make our vision of transforming our society’s future into a sustainable one.

Solar Products

  • Solar Wall Lights
  • Solar Garden Lights
  • Solar Street Lights
  • Solar Flower Lights
  • Solar String Lights
  • Solar Panels

LED Lights

  • Indoor LED Lights
  • Outdoor LED Lights
  • Commercial LED Lights

We Provide B2B & B2C Leads

Leveraging our extensive worldwide network, we are aiming to provide B2B & B2C qualified leads to our clients in this fast-growing solar power industry. We already have 10,000 manufacturers and contractors as our clients worldwide.

To become an early partner, sign up for free.

The Overview

Let’s have a quick overview of what the solar power industry is all about, it’s economics and it’s future & challenges, which will give you an idea of why we are doing, what we are doing and how we are gonna impact the society with our visionary practices.

Sources of Solar Power

There are solely two sources of solar power generation, either directly through Photovoltaics (PV) or indirectly using CSP(Concentrated Solar Power) or a combination of both.

Photovoltaic cells convert light energy into electrical energy through the photovoltaic effect, on the other hand, CSP uses lenses and curved mirrors to concentrate the sunlight through the sun into a thin beam which is then used to make steam through solar thermal energy and finally converted into electricity through a turbine.

Sources Of Solar Power

Global Market

Solar PV is rapidly becoming inexpensive which has given a boost in their installations worldwide.

The global solar photovoltaic market alone is projected to grow from 126.1 billion is 2014 to USD 345.6 billion by 2020 at a CAGR of 18.3%. According to IEA total global solar PV power generation will reach 1,121TWh by 2022, all thanks to supportive government policies for the solar power sector which led to a continuous decrement in installation cost of solar panels and ever-increasing environmental awareness among people across the world.

USA

The US alone will expect its market to reach USD 22.90 billion by 2025. In Q3 of 2019 US solar market installed 2.6GW which is 25% more from Q2 of 2019 and 45% more than Q3 of 2018 of solar electricity capacity which is staggering 20% YoY growth.

Organizations such as the Solar Energy Industries Association (SEIA) are aiding the regional solar sector of US.

SEIA is a national non-profit association of the solar energy industry in the United States that supports free and fair trading of solar equipment. To encourage local production, the government has set 30% tax on solar panels and PV cells imported to the US.

China

Though US is witnessing such a huge growth in the solar power sector, it is still second to China.

China is the world’s largest market for both photovoltaics and solar thermal energy and is home to several massive solar farms including the world’s largest in the Tengger Desert in China.

It also remains the world’s largest manufacturer of solar panel technology too. According to the International Energy Agency (IEA), China contributes more than 60% of the world’s solar panels production.

The matrix shows China’s annual PV installations will hit 370GWdc which is more than double that of the United States.

China’s growth is contributed by the unconstrained solar energy consumption by rapidly developing population and appreciation through government tariffs.

China’s numbers are breathtaking but it is likely to be overtaken by India in the not-too-distant future.

India

India currently stands 3rd in annual PV installations, not far behind the US. India is gaining pace through policy changes that support the solar market in India and is expected to become the leader in the solar power consumption in upcoming years.

Backing up with this data and the scope of growth in the solar power market we found an opportunity to take a stand and promote and encourage the circulation of production and supply globally in the consumer market solely in US, China, Canada and India.

Challenges in Solar Power Industry

1. Unpredictable Weather Conditions

For smooth operation of PV solar farms availability of sunshine has to be continuous. You never know when a cloud will cover the sun and for how long will it stay. Unpredictable weather changes hit the solar farm’s efficiency and its operation badly.

2. Lower Efficiency

Though we are dealing with completely renewable energy resource efficiency is the matter to be focused. The average efficiency of PV solar panels falls between 15 to 18 per cent. The maximum it can go is 20 per cent. That means the panels are able to convert only 15 to 18 per cent of sunshine falling on them into electricity.

3. Solar Industry Has its Cycles

Despite this undeniable and impressive progress and scope in future, like any other market, the solar power industry also has its own cycles of ups and downs.

There are companies which struggled to find grip in the market and filed for bankruptcy in recent years. SolarWorld, the European manufacturer of solar panels that had one of the largest manufacturing plants in the U.S., filed for insolvency. This follows Suniva's bankruptcy in April 2017.

This was just in the US. There are many companies worldwide which are finding it difficult to sustain in tough market conditions.

4. High Installation Costs

As per domestic and local consumption, solar farms have to be of at least 1-megawatt capacity, which is capable of supplying electricity to 200 households.

Although the cost per solar installation is based on several factors, such as sunlight availability hours and location, the cost of installation usually falls around $1/watt which when converted costs around $1 million for a solar farm of 1-megawatt capacity.

Considering efficiency and adaptability, the installation cost of a solar farm is still costly and needs to come down for smooth operation and better maintenance in the long run.

5. Land Availability & Acquisition Challenges

Solar farms require a huge investment both in land acquisition and its installation. Not every country affords huge lands available solitary with lots of sunshine. This is one of the major challenges both countries and firms need to deal with.

6. Dependency on Export Market

Manufacturers in developing nations are mostly dependent on export markets, suppliers have tie-ups with manufacturers in the US, Europe and China thereby increasing exports demand which results in reduced supplies for the growing domestic market.

7. Unsupportive Government Policies

The lack of industry-government cooperation for the technology and its adaption from start to finish decelerates scaling. Government policies need to be more industry-friendly.

8. Lack of Trained Human Resources

Despite the dramatic shift of society towards the renewable resource, the nations are lacking training, skills and development of human resources to drive the industry growth and PV adoption.

9. Lack of Consumer Awareness

The consumer response and adaptability to the solar power industry and its products are impressive but the world is still lacking behind from its complete monopoly. There is a need to build consumer awareness in every about the technology, its economics and right usage in day to day lives.

10. Huge Maintenance Costs

Apart from the installation of solar panels in solar farms, maintenance of the whole farm and its operation is a great deal of financing. Maintenance of solar farms includes cleanliness, electrical faults, replacement of batteries in off-grid plants, and continuity of the farm’s operation. Maintenance of the solar farm is a bit costly keeping the smaller grid efficiency in electricity production in consideration.

There are many hidden challenges which are to be dealt with by the solar power industry but the challenges mentioned above should get into society’s and government’s awareness in order to encourage the development and adoption of the industry.

There are always certain challenges to face when we enter in a new industry no matter how positive we are and how growing the industry is. And with every peak and trough comes an opportunity to explore new ways of growth and achievement. With proper focus and strategic planning, we can concur any industry with a proper system in place and vision in mind

We are here in the industry to minimize the gap between the manufacturer and consumer market with our extensive network worldwide. Apart from focusing on the manufacturer and consumer market, we equally focus on encouraging and building awareness among the society through our Blog and offline promotional activities.

There is a complete range of solar industry products on our platform. To explore the products or to know our packages and deals you can always contact us on our website or through phone number & email given at the top or bottom of our website.