Built for solar installation contractors specifically — After helping more than 50,000 businesses create projections and hundreds of different contractors and construction companies, we created this financial projection template just for solar contractors and companies that specialize in installing solar energy units residentially and commercially.
After purchase, you will download an unlocked Excel file with a ready-to-use financial projection template for your business model. You can also open the file to use in Google Sheets!
The At-A-Glace tab shows you a financial snapshot in the form of graphs, charts, ratios, and financial summaries, all ready to be copied into a pitch deck or business plan.
The solar company projection template will take your custom inputs and automatically generate 6 organized pro forma statements including the annual formats of the income statement, cash flow statement, and balance sheet, and the month-by-month breakdowns of the same financial statements.
Investors and lenders find our templates incredibly informative and simple to use. Any blue fields can be edited by anyone with access to the model in order to play with the outcomes including your stakeholders.
Profit and loss at a glance table
Use of start-up funds graph
Key ratios table
Cash generated from operating activities graph
5 years of monthly and annual income statement, cash flow and balance sheet reports
We can fill out or modify any of the templates we sell, and we’re always happy to answer questions.
When you call us, you can speak directly to the developers of the model, not a call center or customer service representative.
Contact us in the most convenient way for you. We're here to help you
If the model doesn’t work for you, we’re happy to provide a refund.
If you hired a CPA to build this template from scratch it would take at least 20 hours of billable time to build a similar template. At an average hourly rate of $100 per hour it would cost you $2,000.
20 hours X $100 = $2,000 value
The template price: $
100% money-back guarantee for 30 days
Before joining ProjectionHub, Grace served as an auditor for a public accounting firm in Indianapolis. There, she audited start-up tech companies, major regional hospitals, public manufacturers and everything in between.
As an auditor, she gained insight to the inner workings of all kinds of business models. Grace is a CPA, has a bachelor’s degrees in Accounting and French and a Master’s of Accountancy all from the University of Iowa, where she also taught introductory accounting classes to undergraduates.
Grace loves to use her accounting expertise to serve as an advisor to her clients, helping them understand what it takes to make a business succeed.
Adam is the co-founder of ProjectionHub which is a SaaS web application that helps entrepreneurs create financial projections for their business.
Since 2012, over 40,000 entrepreneurs from around the world have used ProjectionHub to help create financial projections.
Adam also serves as the Executive Director of Bankable. Bankable is a Small Business Administration (SBA) lender that makes loans from $500 to $250,000 to Indiana small businesses that are unable to secure financing from a traditional bank.
Adam has managed the loan program since loan #1 in 2010. Since 2010, Bankable has closed over 1,200 loans totaling over $38,000,000. Adam is an entrepreneur at heart and loves working with entrepreneurs to launch and grow their business.
We'll answer your questions about how the template works
We can help you customize your template, add revenue models, expenses or custom charts, tables and graphs -> with our financial modeling services
A solar installation company might expect gross margins (the difference between revenue and cost of goods sold, as a percentage of revenue) in the range of 20% to 40%. Net profit margins (which take all operating expenses, taxes, and interest into account) would generally be lower, perhaps in the range of 5% to 10%. However, it's worth mentioning again that these figures can vary widely based on a variety of factors including geographic location, scale of operations, operational efficiency, and more.
Solar installation companies primarily make money by selling and installing solar panel systems. They source solar panels, inverters, and other necessary equipment from manufacturers, then mark up these products for sale to end customers. The installation process itself is also a significant source of revenue. In addition, some companies offer ongoing maintenance and repair services for a recurring fee. Companies may also benefit from various government incentives for renewable energy.
Starting a solar rooftop business involves several key steps:
Starting a solar panel business can be worth it, considering the growing interest in renewable energy and government incentives. However, the answer to this question will vary based on your local market demand, competition, your business plan, and your ability to execute it. As with any business, it's important to do your research and understand the costs, potential returns, and risks involved.