Do you want to start a solar farm business franchise but you lack ideas? If YES, here are 7 best profitable solar farm franchise opportunities and their cost.
Solar Farms are businesses that generate solar energy for communities. The importance of energy in our daily lives cannot be overemphasized. From homes to schools, we all need energy. But before you jump into starting your new solar farm, its best to narrow down the market by focusing on a niche.
It can be ground mounted panel installation, monitoring services, installation of roof mounted panel, supply of solar energy, thin-film solar power plant construction, maintenance and repair of solar panels etc.
Even with the highly competitive nature of this industry, it is still very much receptive to investors who have the necessary finance and skills to start and build a solar farm business. Note that the construction of utility-scale solar power is growing massively thanks to government assistance.
In addition, technological advancements in solar panel construction lead to an increase in supply of low-cost panels. This makes them more accessible to residential consumers, thus increasing demand.
To successfully build a profitable solar farm business, knowledge about the solar industry, its products, installation, and solutions is recommended. Adequate networking to create relationships with suppliers in order to supply solar equipment is crucial. But have it in mind that the most simple and economical route to start or own a solar farm is to buy a franchise.
In a franchise, the business model is already set in place and the business can get off the ground faster. But before you invest your time and resources into any agreement, it is best you investigate solar farm franchise opportunities and choose a franchise that will work for you.
By doing this, you ensure that the business model, business plan, advertising media and materials all comply with your business goals. So, if you are interested in buying a solar farm business franchise, below are solar farm franchise opportunities to consider in the USA.
7 Best Solar Farm Business Franchise Opportunities
- REPOWER America
REPOWER America is credited as the largest network of local solar providers in modern America. This company is a national organization that has over eighty megawatts of solar capacity installed to provide the scale, expertise and backing to help their network of nearly two hundred trusted, local solar contractors deliver the best possible solar experience to consumers.
Homeowners gain the best of both worlds: the personal touch of a local provider and the selection and best practices of a national leader. The company provides the scale, expertise and backing to help you and all it’s nationwide network of local, independent solar contractors win in the highly competitive solar business.
- Initial Investment: $96,800
- Net-worth Requirement: $300,000
- Liquid Cash Requirement: $100,000
- SuperGreen Solutions
SuperGreen Solutions has maintained it’s position in the solar business as a premier advisor, supplier and installer of domestic and commercial energy efficient solutions. Having been in the Energy Efficiency industry for over 18 years, the founders have established a solid reputation spanning 3 continents.
The SuperGreen Solutions franchise opportunity offers what other businesses cannot: sustainability certification to businesses and independent, flexible ownership for franchisees.
SuperGreen Solutions takes pride in being a one-of-a-kind business sustainability solution that is at the top of an industry poised to experience phenomenal growth. According to the company, business owners across the world are striving to improve energy efficiency, lower operating costs and increase revenue.
The “green” movement is only picking up speed, with many countries implementing building standards to ensure greater sustainability and to lessen the environmental impact of energy use. This is an exciting and lucrative era for SuperGreen Solutions.
- Initial Investment: $49,500
- Net-Worth Requirement: $76,387
- Liquid Cash Requirement: $50,000
- Total Investment: $135,000
- US Energy Solutions
US Energy Solutions flexes itself as a company that provides energy efficient solutions resulting in proven cost savings, reduced energy consumption, and a smaller carbon footprint. The company aligns with leading power providers such as Delmarva Power, National Grid and PEPCO to name a few.
They also consult with companies to help them evaluate opportunities to invest in projects that provide significant energy savings. All projects pay for themselves through rebates and energy savings with no up-front costs.
- Initial Investment: $52,250
- Net-worth Requirement: $70,000
- Liquid Cash Requirement: $45,000
- Total Investment: $52,250 – $67,500
RevoluSun is solar energy franchise that has grown above and stands apart from the competition. Solar energy is a big business with tremendous opportunities for financial success. Solar, for both residential and commercial functions, has just scratched the surface of opportunity.
While the perception of the solar industry often corresponds with environmental altruism, it is important to remember that solar is also a big business with tremendous opportunities for financial success. The PV industry has been growing at an exponential rate for the last decade and will continue to boom as we wake up to the next energy revolution.
- Liquid Cash Requirement: $75,000
- Net worth Requirement: $350,000
- Total Investment: $113,000 – $543,000
- Franchise fee: $50,000
- GreenTech Design/Build
GreenTech Design/Build is a client based, forward thinking construction company on the cutting edge of green building techniques and products. With “green building” growing exponentially, it is forecasted that by 2030 more than 40 million Americans will be employed in “green” industries.
Note that starting a GreenTech Design/Build Franchise will allow you to enter this construction revolution faster and with a higher percentage of success than trying your own startup.
The mission of GreenTech Design/Build is to provide their franchisees with the tools, knowledge, and technology to construct a successful and profitable business by helping others build and improve their built environments for a brighter, more sustainable future.
- Liquid Cash Requirement: $40,000 – $50,000
- Net Worth requirement: $100,000
- Total Investment: $48,000 – $120,000
- Energy Efficiency and Sustainability Consulting (EES)
One of your options when looking to buy a solar farm franchise is Energy Efficiency and Sustainability Consulting (EES). Energy Efficiency and Sustainability Consulting (EES) is purely a solar energy consulting franchise. Franchisees offer executive summaries, property profiles, and carbon footprint reduction strategies to help local businesses and homeowners reduce their utility expenses and go green.
- Initial Investment: $107,200 – $132,400
- Net-worth Requirement: $400,000
- Liquid Cash Requirement: $150,000
- Initial Franchise Fee: $60,000 – $60,000
- Ongoing Royalty Fee: 7%
- Ad Royalty Fee: 1%
- Lighthouse Solar
Lighthouse Solar has established leadership in the solar energy franchising business with locations in three states. With a unique business model, the Lighthouse Solar Franchising Company has built a satisfied customer base and strong growth throughout its first markets in Colorado, Texas and New York.
Lighthouse Solar has created a brand name as a knowledgeable resource for home and business owners looking to transition to renewable energy. Lighthouse Solar is strategically poised for rapid growth, both in the U.S. and globally, fueling its expansion via a vertically integrated business model.
Additional store expansion is underway in Colorado and California. With growing government incentives and a power purchase model constantly pushing down the cost of supply, the Lighthouse Solar franchise network is poised to be a leading integrator of solar energy.
- Liquid Capital Requirement: $80,000
- Net Worth requirement: $350,000
- Total Investment: $216,000 – $464,000
Solar energy is gradually becoming more acceptable and accessible in our modern society. The world is gradually understanding the need for a better, clean and eco friendly source of energy. If you’re interested in joining this massive boom and invest for now and the future, take your time to analyse the franchises discussed above with their financial requirements.