The renewable energy industry is booming. Thanks to federal and state incentives for business owners to install solar panels, more people than ever are excited about harnessing the power of the sun for themselves.
At SuperGreen Solutions, we are experts in navigating these incentives and can help our clients to get the most assistance when they choose to go solar. Our energy audits can show your customers exactly what solar energy can do for their business. Here are some things that you need to know about the solar power industry if you’re looking to open a franchise such as SuperGreen Solutions.
Photovoltaic Panels to Harvest Solar Energy
One of the most popular options when it comes to solar power are photovoltaic panels. You may have noticed these panels around your community. They are often installed on rooftops, where they soak up the sun’s rays and convert it to direct current that people can take advantage of to power their home.
The number of photovoltaic panels installed has been increasing each year since 2015, leading to a definite boom in the renewable energy industry. In fact, IBISWorld estimated that the solar panel installation industry generated $11 billion in 2016, and that figure has grown by 76% each year for the last five years! Such a level of growth is unprecedented.
LED Lighting Franchise Industry on the Rise
Of course, the renewable energy industry is about more than just solar panels. LED lighting franchises have also enjoyed the boom in the industry. Between 2010 and today, LED lighting jumped from a .3% share in the lighting industry to an 18% share, and it’s showing no sign of slowing down anytime soon. LED lights are unique because they are “directional light sources,” which means that they emit light only in specific directions, as opposed to incandescent bulbs, which emit light in all directions. This makes LED lights especially efficient and long-lasting when compared to traditional bulbs, making them a favorite of commercial consumers.
If you’re thinking of getting into the renewable energy industry, SuperGreen Solutions is a great option for you. We are able to supply our clients with the latest and greatest in energy audits, helping them work toward a greener lifestyle. For more information on franchising with SuperGreen Solutions, check out our website at https://supergreensolutionsfranchise.com, or give us a call at 1-888-224-5919.