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Potential franchisees look for various ways to decide which type of franchise suits their skills and interests. Some are guided by hobbies and passions; others look for successful historical data regardless of the type of business. In the case of renewable energy, there are good reasons for buying a franchise that go beyond hobbies or long histories of success.
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1. Growth in Green Energy
Renewable energy franchise businesses offer services to help companies and homeowners make a positive impact on the environment. Alternative energy sources have continued to increase significantly—the US now relies on wind and solar for nearly 35% of its energy source.
The track record is not long, yet, but indications are strong. With growth trending steeply upward, now is an excellent time to be a part of something big. Green energy sources are expanding, and there is an amazing push to grow everything from electric cars to self-sufficient buildings that produce their own power. The demand is already there for this type of service and product, so that makes for strong growth prospects.
2. Incentives Make Selling Easier
Many states offer homeowners a tax incentive to install solar panels on a home. Businesses, too, have tax incentive options, so it’s easier to say “yes” to installing solar. The tax incentives and rebates directly reduce the overall price of the equipment to a buyer, and your franchise reaps benefits in the form of more sales. Plus the government is promoting your service for you—at no cost.
Strong government support of alternative energy sources bodes well for renewable energy franchises. If your area has good incentives, incorporate those details when deciding on your franchise. When there is a financial reason for people to buy your service, it makes it easier to sell more of it.
3. It Feels Good
The United Nations recently reported that humans and our energy use, especially from fossil fuel-based sources, is the dominant contributor to climate change and greenhouse gas emissions. Without a doubt, we have a strong negative impact on the environment.
With a renewable energy franchise, you become part of the solution to one of our world’s greatest problems. Every day, you add cleaner and better energy to your community and your world. The overall positive impact has the potential to do something with long-term benefits for generations.
With support to get you up and started, your renewable energy franchise can bring in substantial profit while you help make the world a better place with an in-demand product and service. Get started by searching our green franchises today!
Anne Daniells is a co-owner of Enterprising Solutions, a professional services firm specializing in corporate communication and financial improvement for businesses where she shares decades of corporate and entrepreneurial experience—including franchise ownership—in her writings on business culture. She has authored hundreds of articles for publications including AllBusiness.com, TweakYourBiz.com, and MSN.com. Reach out via her website for more on where corporate culture, communication, and human architecture collide.