Do you want to open a solar panel business by buying Solar Grids franchise? If YES, here is how much it cost to open a Solar Grids franchise successfully. Despite the highly competitive nature of the solar industry, it’s open to investors who have the startup capital, skills and professional certifications required. The demand for construction of utility – scale solar power is high thanks to government assistance.
In addition, technological advancements in solar panel construction have led to an increase of supply of low – cost panels. This makes them more accessible for residential consumers that also contribute to demand. The most simple and economical way of owning a solar business is to buy a franchise. With a franchise, the business model is already set in place and the business can get off the ground faster.
A solar franchise business would require a structured staff with knowledge and skills in electrical, construction, and solar energy. It’s suitable for individuals with excellent business skills, a background in construction, and learning and experience in electrical contract work.
Solar Grids, in its rights, is one of the best routes into the solar energy business. The company’s proven franchise model makes it easy for you to focus on just closing solar deals, while not stressing out about running a business. Once you become a Solar Grids franchisee, you become a member of a solar expert community, filled with a team of professionals who care about helping you become incredibly successful.
The company’s enormous amount of tools and resources provides you with everything you need to become a successful solar business owner. The company will help you handle the micro – details of running a business like accounting, marketing, and administrative work.
Coupled with the company’s twice a week training from the owners themselves, you will also get private training and support as needed. You will also have access to the franchisee custom – built portal where you will have 24/7 access to all business tools and resources.
With Solar Grids, you enjoy a solar business that isn’t just limited to selling solar systems. As a franchisee, you are offered multiple income opportunities and can make extra cash – flow by referring investors or other franchisees, and participating in the company’s profit sharing pools. Each quarter, Solar Grids takes 7% of their corporate net profits and split it with their producing franchisees.
Financial Requirements of Opening a Solar Grids Franchise
The following financial information was provided to give you more information about the costs associated with opening a Solar Grids franchise in the United States.
- Minimum Cash Required: $20,000
- Franchise Fee: $25,000
- Total Investment Range: $25,000 – $108,500
9 Steps on How to Open a Solar Grids Franchise
There’s no better time than now to join the $50+ billion solar market. Reports have it that solar is breaking records and growing more than ever. Solar accounted for 40% of all new electric generating capacity added to the grid in 2019, this is more than any other energy source and the highest share in the industry’s history. So, if you are interested to join this moving train through Solar Grids, below are steps to take.
1. Submit your information
The first step to acquiring a Solar Grids Franchise is to visit the company’s website and submit your request and information. Then you will get a call from one of the company’s representatives and have the opportunity to speak to one of the current Solar Grids™ owners. The company will also give you details on their free one hour webinar presentation.
2. Hire a Franchise Consultant
Irrespective of the amount of information available online, the company believes is a good idea to enlist the help of a franchise consultant to help guide you through the process.
Just like a real estate agent is a good ally when acquiring a home, a franchise consultant has industry – specific knowledge and can relate possibly complicated topics (including aspects of franchise agreements and disclosure documents) to you in a more understandable way. A franchise consultant could also potentially keep you from experiencing pitfalls that may happen without their expertise.
3. Attend a ‘discovery day’
A discovery day is an in – depth meeting between the company and potential franchisees. It can take place at a local outlet of the franchise, but will most likely happen at the company’s corporate office. However, the franchisees in attendance will enjoy presentations about what Solar Grids can offer in terms of support, and can ask questions. If done at the corporate office, a tour of the different departments and introductions to franchisee training and support personnel are common.
4. Speak to other franchisees
Also, within the FDD provided by the company is a listing of all current franchisees in their system. Take your time to find a few that are close to you and pay them a visit. Are they satisfied with the Solar Grids support? Is the reality of running a solar business in line with prior expectations (financially and otherwise)? There’s no better teacher than someone in the middle of franchise ownership.
5. Find a suitable location
Solar Grids delineate certain parameters for your territory in the FDD and franchise agreement. In addition, the company also helps with site selection. In fact, Solar Grid will have to approve your location before you can move forward.
6. Sign the agreement
Unlike most franchisors, Solar Grids offer you a chance to negotiate terms in the agreement. However, just like it was stated above, it is a good idea to seek counsel from a lawyer or a franchise consultant to find the best solutions for your particular situation. But just keep it in mind that Solar Grids success in the industry is based upon a proven system and consistency of the brand.
7. Obtain all necessary permits and insurance
Regulations tend to vary by state, city, county, etc. Nonetheless, Solar Grids will offer you background knowledge of the permits and insurance needed to operate their business system. However, it’s a good idea to check with local authorities to ensure compliance.
8. Hire staff and attend training
One of the most enticing aspects of franchising to those wanting to open a business is the training component. Solar Grids offer training twice a week, in a combination of classroom and practical experiences, to at least the franchisee and another manager. A copy of the franchise operations manual is also typically presented at this time.
9. Open your franchise business
Before opening, you will need to alert potential customers to their new marketplace option. Solar Grids defines a strategic process for signage, ads, and other initiatives to be performed. Estimates for these initiatives will usually be a part of the startup costs quoted in the FDD.
These are the initial steps to start your own franchised solar business, and that’s if you choose to go in that route. However, always keep your ear to remain updated with upcoming news about the ever changing solar industry. If you want to move into the future and join the solar revolution, join Solar Grids and enjoy the benefits of a well proven business model.