What ProjectionHub Customers Think
Super handy product
★★★★
Super handy product. Saved me so much time instead of doing a template myself.
David Tarant
Tarant Contracting
What ProjectionHub Customers Think
Solar Installation Contractor Financial Projection Template
Craft comprehensive financial projections crucial for investor presentations and loan requests using this editable Excel template. It features auto-generated 5-year financial statements, over 20 charts with essential metrics, and a video guide.
How it works?
Template price: $
79
- 5 Year Projected Financial Statements
- CPA Developed & Completely Customizable
- Video Guide Included
- Free Support & Projections Review
- Compatible with Google Sheets
Our CPA developed roofing contractor template enables you to create professional projections based on your specific situation.
Create investor- and lender-ready projections in hours, not days.
Our CPA developed template enables you to create professional projections based on your unique assumptions.
Create investor- and lender-ready projections in hours, not days.
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.
How it works?
Watch a demo of the template
Save time & money - get organized with our template!
Get our solar installer template now for $79
The template price: $
79
USD
100% money-back guarantee for 30 days!
Step 1: Purchase and download the template
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!
Download Now
Step 2: Enter your assumptions on the input tabs
The Solar Installer Revenue Model
- The revenue forecast model portion of the solar installer projection template will help you determine how much revenue your services and customer acquisition activity will actually generate. First, you will use the model to figure out how many customers you will be able to generate using both organic and paid methods and your ability to convert them to customers. Then, you will outline your list of service offerings between residential and commercial, cost of materials, and cost of direct labor to calculate your monthly revenue as well as your cost of goods sold. You will also be able to figure in a sales team and their commissions if you plan to have that included in your business model.
- All revenue and COGS calculations will automatically be sent to your pro forma financial statements.
Solar Company Operating Expenses
- The operating expenses section of the solar company projection template will help you outline all of the recurring or one-off startup expenses that you will be required to pay but will not be connected directly to the costs of providing your service like materials and labor. Operating expenses can be set as a fixed number or as a percentage of revenue if the expense will scale with your sales over time. The first 3 months of operating expenses are broken out separately to enable you to plan any start up costs if this is a new business.
- This section will be pre-filled with some data to help you get started. All of your input expenses will be used automatically in the creation of your financial statements and determining your profitability.
Solar Contractor General Financial Assumptions
- The general assumptions are important to kick off the projections for your solar installation company, as they will help determine many key underlying variables that will greatly impact your pro forma balance sheet. In this section you will determine items like fixed assets or large pieces of equipment you own or need to be purchased, any loans or investments, inventory, accounts receivable and more. The template will then calculate a few tricky items like amortization, depreciation, interest expense, and more automatically for you.
The Salaries And Distributions Model
- The salaries and distributions model helps calculate monthly expenses for salaried employees, including items like employer taxes and benefits.
- This model also helps you plan for distributions (dividends, owner draws) made to owners.
Step 3: The model is automatically updated based on your assumptions
Solar Installer Financial Summary Tab
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.
Solar Company Pro Forma Financial Statements
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.
Lender and Investor Ready
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.
Tables, charts, graphs and dashboards include:
Tables, charts, graphs and dashboards include:
- 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
Profit and loss at a glance table
Use of start-up funds graph
Key ratios table
Cash generated from operating activities graph
Investor dashboard
5 years of monthly and annual income statement, cash flow and balance sheet reports
Step 4: If you need help, we're here
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.
Questions? Get in touch.
Contact Us
What ProjectionHub Customers Think
The cost of the template is estimated at $ 2000
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
But we've already done all the work and you don't need to hire a CPA
Save time & money - get organized with our template!
Get our solar installer template now for $79
The template price: $
79
USD
100% money-back guarantee for 30 days
Back to Top
Our Projection Protection Guarantee
Love it or Swap it
If the template you purchase is not the perfect fit, our team will help recommend the right template and swap your template for no extra charge. You can rest assured we'll make sure you are using the right template.
Expert Review
After you fill out your template, you can upload your projections to our team where we will do a complete review and then send you a custom video recording of us providing feedback so you can feel confident your projections are investor & lender ready.
See How
Help as You Go
Our team will be standing by so you can get help as you fill out your projection template. Through email and custom video recordings, we will make sure you understand how to complete your projections.
See HowYou may also like these templates
The ProjectionHub Team
Grace Cisna, CPA
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 Hoeksema — Co-founder ProjectionHub
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 are available to help you complete your projections
Troubleshoot
We'll answer your questions about how the template works
Customize
We can help you customize your template, add revenue models, expenses or custom charts, tables and graphs -> with our financial modeling services
Frequently Asked Questions
Are solar installation businesses profitable?
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.
How do solar installation companies make money?
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.
How do I start a solar rooftop business?
Starting a solar rooftop business involves several key steps:
- Business Plan: Begin by developing a comprehensive business plan outlining your target market, marketing strategy, the services you plan to offer, and financial projections.
- Legal Setup: Choose a business structure (such as an LLC, Corporation, etc.), register your business, and obtain necessary licenses and permits. Regulations can vary, so be sure to check with your local and state authorities.
- Training and Certification: Gain a deep understanding of solar panel installation. Many successful business owners obtain certification from organizations like the North American Board of Certified Energy Practitioners (NABCEP).
- Suppliers: Establish relationships with reliable solar equipment suppliers.
- Team: Assemble a team of skilled professionals who can handle the installation process.
- Marketing: Create a strong online presence and use various marketing strategies to reach potential customers.
Is starting a solar panel business worth it?
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.
