WebsiteClosers® presents a leading Solar and Electrical Panel installer that has taken advantage of the public’s growing interest in Renewable Energy to secure contracts for both residential and commercial solar installations. With the solar industry now soaring as more consumers seek out the cost savings associated with solar roof panels, this company has tapped into a flourishing market in California and Puerto Rico. But with demand for solar energy rising sharply across the country, a new owner could easily take this company’s turnkey operation and establish a foothold in all 50 states.
Within less than 5 years, this business has become a trusted and reliable provider of comprehensive in-house solutions for solar contracts. That includes quick turnaround time for expert solar panel roofing and electrical panel installation, with Average Contract sizes of $15,000+ that are bringing the company 52% net profit margins. As more homeowners and commercial property owners turn to solar, this company is getting glowing reviews and vibrant testimonials to demonstrate how effective their work is.
The company has enjoyed increased customer demand with a demonstrated ability to generate higher revenue. A 15-member sales team is vastly experienced in lead generation, and their efficient business model can be easily replicated outside their current markets. For a new owner, this is a stable business foundation for continued growth and scalability.
This is also a highly lucrative field becoming more popular with each new year. Renewable electricity generation is projected to increase by a phenomenal 90% from 2023 to 2030, reaching over 17,000 terawatt-hours, while renewable energy is expected to surpass coal-fired electricity generation in 2025. The energy revolution is on and solar is projected to be a key driver of that growth, a factor that will benefit this company immensely in the coming years.
This business represents a clear opportunity for a U.S. Buyer to acquire this company and then scale it quickly by expanding into additional states, targeting more commercial properties, and adding new products and services such as electric vehicle chargers.
Business Broker Takeaway
Our analysis of this business shows that the value propositions present are strong for a first-time buyer looking to get into the online space. We are excited about this business for 3 important reasons:
1. A Highly Automated Business. Because of the company’s streamlined operational structure, there is minimal involvement on a daily basis from the seller, who devotes as little as 5 hours each week to managing the business. Daily tasks are managed by an experienced team, which includes 15 sales contractors and a full-time assistant who oversees each project. The business’ Customer Relations Management software provides lead tracking, project management, and smooth communications with contractors, bringing high efficiency to how this company operates. The sales team has done an exceptional job explaining to customers how their work will add more value to their home, help them save money on utility bills, and give them a greater return on their investment in the long run.
2. Providing Critical Services. The increasing number of homes and commercial properties turning to solar contracts demonstrates how much value this company brings to each project. Solar roofing and electric panel installation are critical services within a booming industry. Growth within the solar energy sector is hardly limited to California, and this company has excellent opportunities to go beyond the Golden State and Puerto Rico and explore a nationwide geographic expansion. The company will benefit from highly enthusiastic reviews and testimonials they have received from satisfied customers, who have also praised the company’s established relationships with finance partners for zero-down payment plans, which is also boosting sales.
3. Strong Scale Opportunities. Digital marketing through Meta platforms, at an average lead cost of $40, has helped the company build brand recognition, but there are certainly other marketing tools a new owner could employ to grow the business further. That could include running PPC ads on Google, having the website fully optimized for SEO, adding an educational blog to the website, and using video marketing on sites such as YouTube and TikTok to demonstrate how effective past projects have been. The company could also expand its product portfolio to include electric vehicle (EV) chargers and battery storage solutions and put a stronger emphasis on commercial solar projects that can include businesses, office buildings, municipal government buildings, and resorts and hotels. There is no question that a fast-growing number of commercial property owners are looking for energy-efficient solutions to reduce operational costs.
The Company
Launched nearly 5 years ago, this has become a highly profitable solar installation business that is riding the wave of interest in renewable energy. The company maintains a strong lead generation system, which will be transferred to the next owner.
Their system is so finely tuned that projects can usually get completed within six weeks, with another two weeks to get the new system to be activated. That fast turnaround has impressed customers and so have the results of their work.
In future years, homeowners will definitely benefit from going solar. Doing so raises the value of their home, and more Americans are recognizing that installing solar power is a wise long-term investment. This company has done an outstanding job convincing customers that their installation work increases the chances of a home selling faster and at a higher price, and the company is contributing to the environment by helping to cut carbon emissions. Just as millions of homeowners and commercial property owners with solar help preserve the environment for future generations, a new owner of this business can not only scale it quickly but also establish very strong green credentials.
