9 Best Solar Franchise Opportunities 2024

Solar energy has become a most reliable source of power supply, especially in commercial buildings for the operation of lifts. If you are also thinking of starting a solar franchise, then here we present the 9 best solar franchise opportunities in 2024 that will earn you profit.

9 Best Solar Franchise Opportunities

One of the surest ways of starting a business in U.S.A. is by franchising. It gives you a well-established brand reputation, saves your money on promotions, and provides you with a proven business model.

Moreover, in 2022, the solar industry generated nearly $35 billion of private investment in the American economy. Not only this but 3.2 million homes in the U.S. have solar panels installed.

By these statistics, you can imagine the profit you’ll be putting in your pocket by owning a solar franchise. However, not all franchises guarantee you profit, and that is why we’ve made a list of the 10 best solar franchises with all the information on what they require.


9 Best Solar Franchise Opportunities

1. REPOWER By Solar Universe Franchise

REPOWER By Solar Universe Franchise
Founded in2008
Franchising Since2008
Estimated Outlets40
Initial Investment$96,800 – $188,000
Franchise Fees$35,000
Liquid Capital$100,000- $300,000
Royalty Fees4%

Solar Universe is a company that was founded in the year 2008 and started franchising in the same year.

The company has a unique solar installation and finance concept, which makes solar an easy and affordable option for homeowners and businesses. It helps residential and commercial customers to install photovoltaic solar panels and locate tax credits that can benefit local businesses as well.

So, Solar Universe is a company that operates both as a marketing outfit and a solar installation company. To own this franchise, you must have a liquid capital of $100,000 and a net worth of $300,000.

2. Astrawatt Solar

10 Best Solar Franchise Opportunities 2023- Astrawatt Solar
Founded in2016
Franchising Since2022
Estimated Outlets12
Initial Investment$89,850 – $193,750
Franchise Fees$45,000
Liquid Capital$60,000
Royalty Fees5%

Astrawatt Solar is a company that offers high-quality solar systems to homeowners who want to reduce their electricity bills. It is the 3rd fastest-growing solar company in the United States.

The company was founded in 2016, and to own the Astrawatt Solar franchise, you’ll need an initial investment ranging from $89,850-$193,750 and a liquid capital of $60,000.

Moreover, Astrawatt Solar is a company that provides battery installations for resilience. It is also a certified installer for the famous Tesla Powerwall. The company is also included in the 500 fastest-growing companies in the United States.

3. SuperGreen Solutions

9 Best Solar Franchise Opportunities 2023- SuperGreen Solutions
Founded in2011
Franchising Since2012
Estimated Outlets18
Initial Investment$49,496 – $75,596
Franchise Fees$29,500
Liquid Capital$75,000
Royalty Fees5%

SupreGreen Solutions offers a sustainable path to green living by providing services such as solar installation, air purification, EV charging, and more. It has been in the business since 2010 and has built a reputation spanning 3 continents.

Moreover, SuperGreen Solutions has maintained its position in the industry as a premier advisor, supplier, and installer of commercial and domestic energy-efficient solutions.

It takes pride in being a unique, sustainable solution that is at the top of the industry and experiencing exceptional growth.

4. RevoluSun

9 Best Solar Franchise Opportunities 2023- RevoluSun
Founded in2009
Franchising Since2012
Estimated Outlets4
Initial Investment$113,000 – $543,000
Franchise Fees$50,000
Liquid Capital$75,000
Net Worth$350,000

RevoluSun is a company that was founded in 2009 in Honolulu, Hawaii. By the mid-2010s, the company grew tremendously fast, spreading renewable energy and protecting the environment.

This company is counted among the best companies operating in Hawaii. To this date, RevoluSun has developed 8000 photovoltaic systems generating more than 50 megawatts.

Their passion for providing the best customer service, efficient design, and superior installations has led them to be the number one choice in Hawaii for solar installations.

5. Energy Efficiency and Sustainability Consulting (EES)

Energy Efficiency and Sustainability Consulting (EES)
Founded in2011
Franchising Since2012
Estimated Outlets8
Initial Investment$107,200 – $132,400
Franchise Fees$60,000
Liquid Capital$150,000
Royalty fees7%

Energy Efficiency and Sustainability Consulting, or EES, is one of the best options when considering buying a solar franchise.

The company was started in 2011 and began franchising in 2012. Energy Efficiency and Sustainability Consulting (EES) offers carbon footprint reduction strategies to help businesses and homeowners reduce their utility expenses and go green.

6. Solar Grids Franchise

Solar Grids Franchise
Founded in2020
Franchising Since2020
Estimated Outlets40
Initial Investment$50,000– $93,500
Franchise Fees$50,000
Liquid Capital$50,000
Royalty FeesN/A

The Solar Grids provide a cutting-edge method of profiting from solar energy. The company’s basic aim is to close solar transactions rather than operate a solar energy company.

Solar Grids provides energy solutions that are affordable and convenient for its potential customers. To own this franchise, you will require a franchise fee of $50,000 and a liquid capital of $50,000.

Read our complete guide to get more information on Solar Grid franchise.

7. US Energy Solutions

US Energy Solutions
Founded in2016
Franchising Since2016
Estimated Franchise Outlets3
Initial Investment$52,250 – $67,500
Franchise FeesN/A
Liquid Capital$45,000
Net Worth$70,000

U.S Energy Solution is America’s premier ESCO dedicated to effective energy management. It was founded in 2018 and specializes in energy efficiency, energy management, and solar energy services.

They also help companies to evaluate opportunities to invest in various projects that provide energy savings.

To own this franchise, you need a liquid capital of $45,000, an initial investment that ranges between $52,250 – $67,500.

8. Lighthouse Solar

Lighthouse Solar
Founded in2006
Franchising Since2009
Estimated Outlets
Initial Investment$216,000 – $464,000
Franchise Fees$50,000
Liquid Capital$80,000
Net Worth$350,000

Lighthouse Solar has been in the industry since 2006. It works through a unique business model which has helped the company to establish leadership in the solar energy industry.

It has strategically built a satisfied customer base and strong growth throughout the market of U.S. and the global market.

To own this franchise, you need a net worth of $350,000 and a liquid capital of $80,000.

9. GreenTech Design/Built Franchise

Founded in2008
Initial Investment$48,000 – $120,000
Franchise FeesN/A
Liquid Capital$40,000 – $50,000
Net Worth$100,000

GreenTech Design/Built is a client-based company. It was started in 2016. To own this franchise you’ll require an initial investment ranging from $48,000-$120,000.

The company also requires a net worth of $100,000. Owning a GreenTech Design/Build franchise will allow you exponential growth.

The mission of GreenTech is to provide its franchisees with the right tools and knowledge to operate the business and have financial success.


When Should You Choose A Solar Franchise?

There’s no right time to choose a solar franchise. However, here are some questions that will help you make a decision on when to choose a solar franchise.

1. Are You Ready To Follow The Rules?

Franchising comes with a plethora of benefits, but it also has some disadvantages. For example, if you own a franchise, then you have to follow the rules and regulations of the franchisor.

Moreover, you can’t make amendments without consulting the franchisor first. So, if you are ready to abide by the rules and regulations of the franchisor, then you are ready to start a solar franchise.

2. Are You Passionate About The Solar Franchise?

Owning a solar franchise is a business opportunity with high growth potential. So, if you want to be a part of this growing industry, then you have to be passionate enough about the solar franchise.

You should be ready to take the necessary measures and always be ready to adapt according to the changes in the industry.

3. Do You Want To Enter Low Risk Industry?

The solar franchise industry is a low-risk entry industry. However, this doesn’t mean that there is no risk at all. So, if you are looking to enter a low-risk industry with the potential to add more locations as you grow, then a solar franchise is the right option for you.


Things You Need To Know Before Choosing A Solar Franchise

Before choosing any franchise, not just solar, you have to consider a few things to start with franchising.

1. Know The Demand

If you have made up your mind to start a solar franchise, then the very thing to do is to analyze the market. Do your research to determine whether there is a requirement for the franchise you are going to start or not.

So, don’t jump on the opportunities directly without doing your research. You should also consider the potential for expansion if you expand the business in the future.

2. Track Records

One of the most important factors to check for before choosing a solar franchise is the track record of the franchise.

You should always look for companies that have proven themselves successful in the industry. You can also speak to the current franchisees to get a clear idea of whether the franchise is worth investing in or not.

3. Investment

Different franchises have different requirements in regard to cost and fees. So, look for a franchise that fits your budget. This fee can range from a few thousand dollars to millions.

It includes franchise fees, royalty fees, initial investment, training, equipment fees, etc.

4. Training

Training is the major advantage of franchising. Many companies offer training and support to the franchisees.

So, if you don’t have any experience in the industry, then it is advised to choose a franchise that will provide you with the necessary training and support.


Comparison Of Top 5 Solar Franchise Opportunities

Company NameSolar UniverseAstrawatt SolarSuperGreen SolutionsRevoluSunEES
Founded20082016201120092011
Outlets 40121848
Franchise Fee $35,000$45,000$29,500$50,000$60,000
Initial Investment $96k – $188k$89k – $193k$49,496 – $75,596$113k – $543k$107K – $132K
Royalty Fee5%6%7%

Conclusion

Investing in a Solar energy franchise is an extremely profitable option for enetrepreneurs looking for a lucrative franchise option. This is because solar energy industry is growing and the existing copanies are looking for franchisees to grow their business further.

However there are so many option available and choosing the one which is best suitable for you becomes very challenging. That is why er compailed the list of 9 best solar franchise opportunities 2024.

We hope this artcile has provided you every insight regarding solar energy industry and the franchises.


FAQs

Which is the fastest growing solar company?

Canadian Solar is the fastest growing solar company on the basis of its stocks. It has EPS Growth of 750%.

What Is The Solar Franchise Profit Margin?

The average solar business profit margin is 25-50%. This makes solar energy franchise a profitable business.

Which Is The Cheapest Solar Franchise?

The cheapest solar franchise among the top 5 franchises is SuperGreen Solutions. It requires only $29,500 franchise fees and an initial investment of $49,496 – $75,596.

Leave a Comment