For the 4th Time, POWERHOME SOLAR Appears on the Inc. 5000, Ranking No. 520 With Three-Year Revenue Growth of 940 Percent
Inc. Magazine Reveals Annual List of America's Fastest-Growing Private Companies--the Inc. 5000: POWERHOME SOLAR Ranks No. 520
MOORESVILLE, N.C., Aug. 17, 2021 /PRNewswire-PRWeb/ -- Inc. magazine today revealed that POWERHOME SOLAR, a national installation leader of solar panels and energy efficiency services, is No. 520 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. This is the fourth time in five years, and the third consecutive year, that POWERHOME SOLAR has been recognized on this prestigious list, previously being ranked No. 96 in 2017, No. 100 in 2019, and No. 255 in 2020.
Since 2014, POWERHOME SOLAR has seen tremendous growth, and it experienced a 95% year-over-year increase in revenue to more than $365 million in 2020. The company now operates in 15 states and today has more than 2,000 employees across all markets. The company aims to open additional markets later this year and beyond as the company sees homeowners with strong appetites for taking control of their energy futures.
"As our company continues its rapid ascent, it gets harder to make the Inc. 5000 list each year," said POWERHOME SOLAR CEO Jayson Waller. "That we nearly cracked the top 500 again is a massive accomplishment for our team and a testament to the work they put in. We are grateful to have a benchmark like this to measure ourselves, and the exciting part is that we know we're not done growing."
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year's list also proved especially resilient and flexible given 2020's unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
"The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled," says Scott Omelianuk, editor-in-chief of Inc. "Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people."
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 http://www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
About POWERHOME SOLAR
POWERHOME SOLAR is an energy efficiency company that provides high-quality American-made solar panels as part of a complete energy-savings package for residential customers in 15 states. The company launched in 2014 in Mooresville, N.C., and today has more than 2,000 employees, including a commercial division. For more information, visit http://www.powerhome.com or follow us on Facebook, Instagram, Twitter and LinkedIn.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year's Inc. 5000. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.
Media Contact
Roger Kuznia, POWERHOME SOLAR, 704-622-6038, [email protected]
Cindy Metzler, Omm Media, 561-271-1389, [email protected]
SOURCE POWERHOME SOLAR
Share this article