Southern CA Solar Leader with $2.8M Backlog for Sale
| Asking Price: | $1,800,000 |
| Gross Revenue: | $5,001,624 |
| Rent: | $4,381.1 |
| FF&E: | $50,000 |
| Cash Flow: | $400,000 |
| Inventory: | $50,000 |
| EBITDA: | $400,000 |
| Established Year: | 2009 |
Listing Description: A full-service, forward-thinking solar energy provider located in Southern California is available for acquisition. This reputable firm excels in offering comprehensive solar panel and battery installation services across residential, commercial, and non-profit sectors. With expert capabilities in energy analysis and tailored energy solutions, the company maximizes client savings and environmental benefits, positioning itself as a significant player in the renewable energy transformation.
Key Highlights: Robust Service Portfolio: Offering end-to-end solar solutions enhanced with battery storage and energy efficiency considerations, delivering optimal cost savings and environmental impact.
Market Demand and Expertise: Responding to increasing market demand with a growing reputation for excellence, supported by sophisticated sales management systems.
Strategic Location: Well-established in Southern California, serving a broad customer base with the capacity to expand services to neighboring Southern California regions.
Solid Foundation for Growth: An existing backlog of $2.8 million lays the groundwork for sustained near-term revenue and a commitment to scaling operations responsibly.
Competitive Edge and Customer Trust: A customer-centric approach, diverse product offerings, and deep utility rate structure expertise give the company an edge in a competitive market.
Financial Performance: In 2024, the residential solar industry faced headwinds due to the implementation of California’s new net energy metering policy, NEM 3.0. This policy drastically reduced the compensation homeowners receive for sending excess solar energy back to the grid—cutting payments by as much as 75% compared to previous versions. As a result, many customers paused or reconsidered their solar investments, leading to a temporary decline in installations.
The good news is customers are seeing the value of solar even with NEM 3 and sales are doing very well again in last quarter of the year and into 2025. Backlog has grown from $2M to over $4M.
