US residential installer Vision adding 1,000 jobs as growth rates expected to top 168%

The company has opened its second major facility in Blackwood, New Jersey said to become the company’s national headquarters as well as for its sales and training divisions.

US residential installer Vision Solar plans to add around 1,000 jobs by the end of 2022 on the back of projected business growth of 168% per annum.

The East Coast-headquartered installer claimed to have exceeded US$100 million in revenue in 2020. The company expects revenue to grow to US$150 million in 2021 as plans to add more than 600 jobs to its existing workforce, primarily in its core New Jersey centre, added to the company’s run-rate.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

To put that in perspective, publicly listed US residential installer, Sunnova, the smallest (by revenue) of the major listed companies (which also includes Sunrun, SunPower and Tesla) focused on the US residential market, had 2020 revenue of US$161 million, an increase of 22% on the prior year.

Vision Solar operates across New Jersey, Pennsylvania, Arizona, Massachusetts, and Florida, with further offices to open in Connecticut, Arizona and Texas, as well as two additional locations in Florida, in 2021, before the business expands to Puerto Rico in 2022.

The company recently opened its second major facility in Blackwood, New Jersey, which is said to become the company’s national headquarters as well as home to its sales and training divisions.

Read Next

May 9, 2024
After a steep decline in inverter shipments in the last quarter of 2023, Solaredge has started the first quarter of 2024 with an increase to 946MW.
May 3, 2024
Sunnova's new customer additions continued to drop in the first quarter in 2024, but its adjusted EBITDA increased by over 200%.
April 4, 2024
Sunnova has expanded its virtual power plants (VPPs) to better manage the grid in six US states, plus the territory of Puerto Rico.
January 25, 2024
Challenges such as operational difficulties and macroeconomic headwinds cause ADT to quit the residential solar business.
November 8, 2023
US residential solar companies Sunrun, Sunnova and power product supplier Generac have been selected by the US Department of Energy (DOE) to install rooftop solar and battery storage systems for vulnerable households in Puerto Rico.
October 26, 2023
US residential solar installer Sunnova's new customer addition slightly dropped to over 37,000 in the third quarter this year, while its net loss in the same quarter increased to US$56.5 million year-on-year.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece