0/10

Franchimp Summary Rating

0 /10
Higher than 100% of peers

Franchise Summary

Company Background
Lighthouse Solar is a leading provider of solar energy products and services. We offer our customers the highest quality, most affordable renewable energy solutions for residential and commercial use. Our team has been in business since 2010 and we've grown to be one of the largest solar companies in the United States. Lighthousesolar offers free consultations, no money down financing options, and installation support so you can get your project started quickly!
Franchise Opportunity
Solar energy is becoming more and more popular, but it's still hard to know what you're getting into. The solar industry is a mess of confusing marketing messages and shady sales tactics that make it nearly impossible for the average consumer to figure out if they're getting a good deal or not. We've created LighthouseSolar.com as an unbiased resource for solar shoppers that want clear information about how much money can be saved with solar energy products, how long it takes to pay off your investment, and what kind of returns you can expect over time. All our content is written by experts in the field who are also practicing homeowners themselves so we understand exactly what people need from their solar panels when making an important purchase decision like this one.

FAQ

How much investment do I need to start my own LIGHTHOUSE SOLAR business?
Franchisees typically require at least $226,921 to $226,921 investment to get their LIGHTHOUSE SOLAR business started
What are the initial franchise fees for LIGHTHOUSE SOLAR?
Franchisees typically need to pay at least $40,000 in fees directly to LIGHTHOUSE SOLAR in order to earn the right to launch their business
How much money can I make with a LIGHTHOUSE SOLAR franchise? What are the average revenues for a typical LIGHTHOUSE SOLAR business?
We haven’t done the math on how much revenue a typical LIGHTHOUSE SOLAR brings in each year. We estimate that other franchisees in the Professional Services industry generate $960,856 revenue, so we would expect LIGHTHOUSE SOLAR to generate a similar amount
How long do I need to commit to running a LIGHTHOUSE SOLAR unit? What is my contractual commitment?
LIGHTHOUSE SOLAR franchisees are typically required to sign up to a 7 year contract initially. The renewal length is 7 years. You can of course exit early but don’t expect to get any refund!

Accessibility

0 /10
The Franchisor's investment costs ranges from $3,373,725 to $5,054,640 which is Much Higher than the $0 to $0 average in the Building & Construction industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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