Inc. magazine revealed POWERHOME SOLAR is ranked No. 255 on its annual Inc. 5000 list of the nation’s fastest-growing private companies. This is the third time in four years, and second consecutive year, that POWERHOME SOLAR is ranked within the top 300 companies after being ranked No. 96 in 2017 and No. 100 in 2019!
Companies on the 2020 Inc. 5000 list are ranked according to percentage revenue growth from 2016 to 2019. POWERHOME SOLAR had approximately $10.1 million in revenue in 2016, and that number grew to more than $185 million in 2019. That’s a 1,738.81 percent increase in the three-year span.
As POWERHOME SOLAR’s revenue numbers get larger, it’s more difficult for the company to see a massive growth by percentage. Even so, POWERHOME SOLAR’s continued presence on this list is proof of the value that customers are placing on renewable energy, and also shows that customers are continually trusting the company to get the job done.
“POWERHOME SOLAR has seen significant revenue growth year-over-year since opening in 2014, and we’re seeing that upward trend continue in 2020 as consumer awareness around renewable energy keeps building,” said Jayson Waller, CEO, POWERHOME SOLAR. “This ranking is a testament to the dedication and effort all of our employees put forth daily, and to the changing mindsets of consumers across the country who seek a clean energy source.”
What POWERHOME SOLAR has done since inception
Since opening its doors in 2014, POWERHOME SOLAR has increased revenue by nearly 6,700 percent, expanded to 10 states and today has more than 1,100 employees across all markets. The company aims to open additional markets later this year and in 2021 as the company sees homeowners with strong appetites for taking control of their energy futures amid the COVID-19 pandemic. POWERHOME SOLAR started 2020 with more than 750 employees, but it’s added 400 staffers since.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000.
This Inc. honor follows POWERHOME SOLAR being ranked No. 7 nationally among residential installers on Solar Power World’s 2020 list. That’s up from one spot a year ago.