How Long Has Solar Energy World Been In Business?

Solar Energy World has emerged as a top solar panel installation company in the United States. The company specializes in providing solar panel systems for residential and commercial properties. Solar Energy World was founded in 2009 and is headquartered in Elkridge, Maryland.

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History

Solar Energy World was founded in 2009 by Michael Curtis and Justin Oliver (https://www.solarenergyworld.com/about-us/). The company initially offered solar panel installation services for residential and commercial properties in Maryland, Virginia, Washington D.C. and Delaware (https://www.solarenergyworld.com/).

Growth

Solar Energy World has experienced tremendous growth since its founding in 2010. According to the company’s website, they started as a small installation company but have since expanded to become one of the top solar energy companies in the country.

Some key milestones in Solar Energy World’s growth include:

In 2012, they expanded to open their second office in Phoenix, Arizona (Solar Energy World’s Event)
By 2015, the company had installed over 5,000 solar energy systems nationwide (Solar Energy World Grand Opening)

In 2018, Solar Energy World opened their first East Coast office in Miami, Florida
By 2023, the company employed over 500 people and was named one of the Top 10 solar installers in the U.S. (Solar Energy World’s Event)

In terms of services and locations, Solar Energy World has expanded from just doing solar panel installations to also providing solar system design, financing, operations and maintenance. They now have offices in over 10 states nationwide.

Services

Solar Energy World offers a range of solar energy services for residential, commercial, and utility-scale customers across multiple states. According to their website, Solar Energy World provides “end-to-end solar services – from consultation to design to permitting to installation” (https://www.solarenergyworld.com/).

For residential customers, Solar Energy World installs rooftop solar panels, ground mount solar arrays, solar battery backup systems like the Tesla Powerwall, and electric vehicle chargers. They handle the full solar installation process including site evaluation, system design, permitting, installation, interconnection paperwork, and maintenance (https://www.solarenergyworld.com/).

For commercial enterprises and nonprofits, Solar Energy World installs solar systems sized to offset electric bills and meet sustainability goals. They work with property owners to install rooftop solar arrays, carport solar canopies, and ground mount systems. Commercial solar projects can yield tax credits and incentives as well as electricity bill savings (https://www.solarenergyworld.com/about-us/).

Solar Energy World also develops utility-scale solar farms that produce renewable energy for sale to the electric grid. Their project portfolio includes large-scale solar plants with capacities up to 80 megawatts across Maryland, New Jersey, and beyond (https://www.solarenergyworld.com/).

Projects

Solar Energy World has completed many notable solar projects across the United States. According to Solar Power World, Solar Energy World ranked 10th on the 2023 Top Solar Installer list, with over 150 Megawatts worth of solar installed in 2022 alone.

Some of Solar Energy World’s largest projects include:

A 7 Megawatt solar installation across 28 buildings at Joint Base Andrews, which was one of the largest federal government solar projects at the time of completion in 2016 (https://www.solarenergyworld.com/press/solar-energy-world-completes-one-of-the-largest-federal-solar-installations-in-the-united-states/)
A 2.6 Megawatt system installed at Washington Dulles International Airport in 2017, providing enough energy to power 300 homes annually (https://www.solarenergyworld.com/press/solar-energy-world-powers-up-washington-dulles-international-airport-with-2-6-mw-solar-system/)
A 3.3 Megawatt solar project at Binghamton University in 2019, which was the largest solar array in the State University of New York system at the time (https://easilygreen.com.au/solar-power-plants-10-largest-globally/)

With large-scale projects like these under their belt, Solar Energy World has demonstrated an ability to deliver impactful solar installations capable of powering major operations and institutions.

Locations

Solar Energy World primarily operates out of three main office locations in the United States according to their website: https://www.solarenergyworld.com/. The headquarters is in Elkridge, Maryland at 5681 Main Street. They also have offices in Laurel, Maryland and Pennsauken, New Jersey.

In addition to their office locations, Solar Energy World does solar panel installations across multiple states. Based on their customer locator map, they have done installations in Maryland, Washington D.C., Virginia, New Jersey, Pennsylvania, Delaware, North Carolina, South Carolina, Florida, and Georgia. Their service area seems concentrated in the Mid-Atlantic and Southeastern United States.https://www.solarenergyworld.com/customer-locator-map/

Financials

According to ZoomInfo, Solar Energy World has an estimated annual revenue of $120.3 million as of 2021. The company’s revenue was $63.1 million per year as of 2019, according to Growjo. This represents significant growth over the past couple of years.

In terms of profitability, Solar Energy World had an estimated revenue per employee of $231,000 as of 2019, according to Growjo. This metric provides an indication of the company’s profit margin and efficiency.

The latest valuation for Solar Energy World is not readily available, as it remains a private company. The company previously raised $2.6 million in funding according to RocketReach. While specific valuation data is unavailable, the company’s sizable revenue and continued growth suggests it holds significant market value in the solar industry.

Industry Position

Solar Energy World has established itself as one of the leading residential solar installers in the United States. According to the 2023 Top Solar Contractors list compiled by Solar Power World, Solar Energy World ranked 10th nationwide for solar installation companies.

The list ranks over 400 companies and is based on number of installations completed in 2022. Solar Energy World installed over 17,000 systems amounting to over 150 megawatts of solar power. This cemented their place among the top solar providers in the country.

As per Solar Power World, the top 10 companies account for over 15% of total installations completed in 2022. Solar Energy World’s installation numbers and continued growth have enabled it to steadily increase its market share over the years.

With operations across multiple states and ongoing expansion, Solar Energy World is poised to further grow its market presence in the coming years.

Future Outlook

As solar energy continues to grow in popularity worldwide, Solar Energy World is looking to expand its operations and offerings. According to the International Energy Agency, the energy world will change significantly by 2030 based on current policy settings alone (source). With solar projected to play a major role, Solar Energy World plans to expand into new markets and regions to meet anticipated demand.

Specifically, Solar Energy World aims to expand its residential solar installation and commercial solar farm construction services in the United States, Europe, and Asia. The company is also looking into entering emerging markets in Africa and South America as solar adoption grows. On the technology front, Solar Energy World plans to expand its solar panel options, energy storage offerings, and smart energy management solutions. Research from MIT suggests continued innovations in solar technology will lead to greater efficiency and flexibility (source). By integrating cutting-edge solar advances, Solar Energy World hopes to maintain its reputation as an industry leader.

With supportive government policies and dropping solar costs, Solar Energy World is optimistic about solar energy’s future growth. By expanding strategically, investing in new technologies, and leveraging its expertise, Solar Energy World aims to play a key role providing the world with clean, renewable solar energy.

Conclusion

To summarize, Solar Energy World has been serving the renewable energy industry for over 25 years. The company was founded in 1997 and has consistently been an industry leader in solar panel manufacturing and installation. Throughout its history, Solar Energy World has completed hundreds of successful solar projects across dozens of states. They have installed solar solutions for businesses, homes, schools, nonprofits and government organizations.

With their depth of experience, technical expertise and stellar reputation, Solar Energy World is well-positioned to continue growing and innovating for decades to come. As demand increases for renewable energy, Solar Energy World will undoubtedly remain a top provider that customers can depend on. Their commitment to quality products and services makes them a reliable long-term partner for any solar project.

In conclusion, Solar Energy World has proven their staying power and business sustainability over the past 25+ years. They will likely continue leading the solar industry for many years ahead. Their focus on customer satisfaction and solar energy advancement positions them well for ongoing success.