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Leading Residential Solar Company – Over $4M in 2022 Estimated Sales

Leading Residential Solar Company – Over $4M in 2022 Estimated Sales
Listing
1751
Revenue
Estimated 2022: $4,650,000
Cash Flow
Estimated 2022: $900,000
Asking Price
Offers Invited
Business Description

Available for sale is a busy and growing electrical contractor focused on designing and installing efficient and aesthetically pleasing residential and small commercial solar photovoltaic (PV), battery energy storage, and related systems. The company is consistently ranked by the state’s independent inspectors to have the highest installation quality and is a recognized solar energy leader locally.

Demand for the company’s services has led to record growth, and the company is on pace to increase by 20% year over year. While the owner is involved in the management of the business, he has a strong team in place running the day-to-day operations.

This is an excellent opportunity to acquire a well-established company with an outstanding reputation, built on a scalable sales and installation foundation with extensive experience in a high growth industry. The owner is prepared to provide significant training and support to help set the new owner up for success.

Growth Expansion and Opportunities
The 2022 Inflation Reduction Act allows for an expanded 30% federal tax credit to offset the cost of installing solar and battery systems through 2032. With no dollar limit to these expenses, this is a powerful incentive to customers, and the company has seen a dramatic increase in residential solar demand. The solar industry is a highly popular and resilient industry that continues to break previous records and outperforms most growth forecasts. The industry has continued double digit growth every year despite recession, disasters, and a pandemic.
Support & Training

The seller will provide training and support to ensure a smooth transition

Terms
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Sarah Grossman

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  • Leading Residential Solar Company – Over $4M in 2022 Estimated Sales

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