Solar energy is on the rise even with the numerous Solar System Companies in te world. As the awareness of solar energy benefits rises, people move toward solar-powered homes and businesses. Several companies can help you get your system up and running quickly.
The following list details some of the best solar systems companies around today.
Read slowly to grasp all information provided.
Table of Contents
- Top 10 Solar System Companies in the World in 2023
- There are a lot of great solar companies in the world, but these 10 are the best.
- How Much Do Solar Panels Cost?
- How to Select the Most Appropriate Solar Panel Installation Company for Your Needs
- What Are the Different Types of Solar Equipment?
- FAQS on 10 solar system companies in the world in 2023
- Conclusion
- References
Top 10 Solar System Companies in the World in 2023
- SolarCity
- Yingli
- Sungevity
- Sharp Solar
- Recurrent Energy
- First Solar
- Canadian Solar
- Trina Solar
- SMA Solar Technology AG
- Jinko Solar
1. SolarCity
SolarCity is a solar energy company based in San Mateo, California. It was founded in 2006 by Tesla Motors CEO Elon Musk and Lyndon Rive, one of its early investors. The company provides residential and commercial solar power systems to customers across the United States.
SolarCity operates through several subsidiaries: Silevo (a solar panel manufacturing company), Vivint Solar (a home automation installer), Energy Made Easy (a solar energy services provider), Zep Solar Systems (a third-party inverter manufacturer), and GlassPoint Technology Corporation (a glass production company).
The company has over 300,000 customers who have invested more than $16 billion into their homes’ energy needs through direct ownership or leasing arrangements with Solar City’s services—making it one of the largest providers worldwide for residential rooftop installation projects related to PV systems.
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2. Yingli
Yingli Solar is a Chinese company that was founded in 2003. The company has been accused of dumping panels in the US market, which could reduce competition and raise consumer prices.
In 2016, Yingli was the largest solar panel maker in the world, with an estimated market share of 18%. It was also ranked first by Forbes magazine as one of “The World’s Most Innovative Companies” for three consecutive years starting from 2011.
The company has its headquarters in Baoding, China, and operates production facilities in the United States, Europe, and Asia. In 2016, Yingli Solar had a revenue of $1 billion.
3. Sungevity
Sungevity is one of the top solar companies in the world and was founded in 2007. It has since become one of the fastest-growing companies in North America, currently installing over 1.5 GW of solar power across its network of installers, which range from local contractors to large utility companies.
The company’s headquarters are in Oakland, California, with additional offices around the globe, including Germany and Australia.
Sungevity designs its proprietary software to provide customers with a seamless experience from quote to installation; this allows them to track all aspects of their project from start to finish via online portals or mobile apps such as Apple Watch or Android Wear devices (the latter being available only on select phones).
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4. Sharp Solar
Sharp Solar is a Japanese company that produces solar panels for residential and commercial use. It was founded in 1912, making it one of the oldest solar companies in operation today.
Sharp Solar has over 10,000 employees worldwide and operates offices in Japan, India, Germany, and the United States. The company produces 1 billion solar panels each year!
Sharp Solar is a subsidiary of Sharp Corporation. It’s one of the world’s largest manufacturers of solar panels and produces both crystalline silicon and thin film solar cells.
Sharp Solar is a subsidiary of Sharp Corporation. It’s one of the world’s largest manufacturers of solar panels and produces both crystalline silicon and thin film solar cells.
In 2008, Sharp Corporation acquired Motech Industries Co., Ltd., another Japanese solar panel manufacturer, giving Sharp Solar access to some of the most advanced production facilities in the world.
5. Recurrent Energy
Recurrent Energy is a leading solar power plant developer in the United States. They have over 2 GW of solar power plants under development and a reputation for being reliable, efficient, and environmentally friendly.
They were founded in 2007 by Michael Marks and his partners. The company has developed more than 50 projects across the country since its inception, including some of the largest utility-scale projects ever built in California (including those at First Solar’s Ivanpah Solar Power Facility).
They have also developed utility-scale projects in New Mexico, Arizona, Texas, and Nevada. They are developing solar power plants in California, Colorado, and New Mexico.
6. First Solar
First Solar is the largest US solar panel manufacturer and has installed more than 10GW solar panels. It’s also a publicly traded company based in Tempe, Arizona.
The company was founded in 1985 by brothers Elliot and Ian Crane. It began as a manufacturer of PV modules using polycrystalline silicon (the most common type of solar panel).
In 2003, First Solar began manufacturing thin-film solar panels using cadmium telluride (CdTe). The company has since become the largest manufacturer of CdTe solar panels. In 2017, First Solar was acquired by Panasonic for $250 million.
As of 2018, First Solar has more than 8GW of solar capacity installed in 27 countries. The company has manufacturing plants located in Ohio, California, and Malaysia. It also operates a research and development facility in Germany.
7. Canadian Solar
Canadian Solar is the world’s largest solar company, with over 6,000 employees and over 13 million modules worldwide. It was founded in 2001 and has since expanded to become one of the top 10 companies in its field.
Canadian Solar is headquartered in Ontario, Canada. The company manufactures its products in China, Vietnam, and Brazil and manufactures cells using silicon wafers made by other suppliers such as First Solar (FSLR), JA Solar (Jaso), and Hanwha Q Cells Co., Ltd., but does not own any factories itself.
The company has a diverse portfolio of products, including solar panels for residential, commercial, and utility-scale applications and solar power plants. Canadian Solar is traded on the NASDAQ stock exchange under the “CSIQ” ticker.
8. Trina Solar
Trina Solar is a Chinese photovoltaic module manufacturer at the forefront of innovation in solar power. It was founded in 1997, and its market capitalization is $6.3 billion today. The company’s headquarters are located in Huizhou City, Guangdong Province, China.
Trina Solar has more than 50,000 employees worldwide. She produces 6.5 GW worth of solar panels annually—more than any other provider except First Solar (which makes titanium-based thin film).
The company’s products include monocrystalline modules and polycrystalline products for sale under various brand names, including Q Cells and Yingli Green Energy Technology Co Ltd (YGE).
Trina Solar has been a leader in the solar industry for many years. It was one of the first companies to develop and mass-produce thin film modules—which are more affordable than traditional silicon-based panels but less efficient.
The company’s products have been used by many utility-scale and residential solar farms worldwide; its clientele includes some of the biggest names in solar energy, like Apple, Walmart, Ikea, and Amazon.
9. SMA Solar Technology AG
SMA Solar Technology AG is a German company that makes solar panels and inverters. It has been manufacturing solar panels since 1985 and is now the world’s largest manufacturer of PV products. The company has a market share of about 16%, which makes it second only to Panasonic in terms of overall sales volume worldwide.
SMA also manufactures other types of photovoltaic products such as solar cells, modules (both monocrystalline and polycrystalline), power electronics, cabling systems for rooftop installations, etc., along with assembly services for both standard or customized solutions based on customer requirements
It is a U.S.-based multinational corporation SunPower Corporation subsidiary, which acquired SMA in 2011.
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10. Jinko Solar
Jinko Solar is a Chinese manufacturer of solar panels. The company was founded by Yang Zhenhua, who is now the CEO. They are one of the largest Chinese solar panel manufacturers and makeup one of the largest solar panel manufacturers in the world.
Jinko Solar is part of Suntech Power Group Inc., which was founded in 1990 by Mr. Yang as well as other entrepreneurs who wanted to become successful businesses outside their home country due to limited opportunities there at that time due to political turmoil between China and other countries such as Russia or Japan during this period (1990-2000).
Jinko Solar was founded in 2005 and has since grown to become one of the largest Chinese solar panel manufacturers. The company focuses on manufacturing high-quality solar cells and modules, which they sell to international markets.
There are a lot of great solar companies in the world, but these 10 are the best.
The 10 solar system companies in the world are:
- Tesla, California, USA
- SolarCity, San Francisco Bay Area, California, USA
- Vivint Solar (acquired by Blackstone Group LP), Salt Lake City, Utah; Phoenix (acquired by Fisker Automotive), Phoenix; Anaheim Hills (acquired by First Solar), Irvine/Orange County; Las Vegas (acquired by SunRun); Palm Springs (acquired by SunEdison)
The first three Solar System Companies are all American-based. The fourth and fifth companies have headquarters in China but have operations worldwide. And finally, we have our European champion at number six – this time it’s Germany’s Deutsche Bank AG which takes the top spot as the best company for energy efficiency innovation around the 2020/2021 timeframe!
How Much Do Solar Panels Cost?
A solar energy system normally costs around $16,000 to install. However, there is a large price range. While complete off-grid systems can cost up to $35,000, partial systems can cost as little as $3,500.
The cost of a solar energy system is mostly dictated by its size and components, such as power storage. Fortunately, federal, state, and municipal incentives can help lower some costs.
How to Select the Most Appropriate Solar Panel Installation Company for Your Needs
Available in your state
The first and most crucial aspect in selecting the best solar panel installation company for you is the availability of a company’s service or product in your state. While some businesses operate throughout all or most of the 50 states in the United States, some are more regional and may not be accessible where you live.
Owned vs. leased equipment
Some solar panel installation businesses can offer you solar equipment so you can buy it all at once and save money on electricity prices. Other businesses make a move to green, renewable energy more accessible by leasing solar systems to homes. This allows you to save money upfront and use your utility savings to help pay off the equipment later.
Finance and transactions
Solar installation companies can also aid in minimizing solar panel installation costs through financing. Many of the companies on our list provide up to 12 months free with no down payment, and most offer financing to help customers pay for a solar installation.
Several solar suppliers provide referral incentives to help you and your friends save money by suggesting one for solar consultations and other services.
Finally, some solar companies bundle solar panel equipment with other home energy equipment, such as batteries, to save money by utilizing more technologies and more effective renewable energy choices.
Types of Used Solar Equipment
Examining the solar equipment used by a company can help you determine if it is the best fit for your needs to install solar panels. A variety of businesses sell equipment from various manufacturers.
Some firms may mix and match panels, inverters, and other equipment from several manufacturers to save you money or because company workers know the ideal combinations of various manufacturers’ equipment.
Solar panels are also available in various shapes and sizes, some low-profile or designed to endure more severe weather. Some companies, notably Tesla, also sell solar roofing tiles.
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What Are the Different Types of Solar Equipment?
Knowing more about solar technology can help you choose an installer. Furthermore, it can help you understand the associated charges and make informed decisions about budgeting and incentive talks. A few crucial terminologies are explained briefly here.
Panels for solar energy
Solar panels are the foundation of your solar energy system. They are the large panels fixed on your roof or attached to the ground array structure. Solar panels are classified into three types.
Monocrystalline panels are the most popular form of panel used in residential installations. They are the most expensive but also the most effective and last the longest.
Polycrystalline panels, while less common and less effective than monocrystalline panels, can nevertheless be a sensible choice because of their cheaper beginning prices.
Different types of thin-film panels can be manufactured using various materials. They are frequently lighter and less rigid than other types. Manufacturing and installation are also reasonably priced. However, these panels are typically less effective and trustworthy than others.
Mounting Hardware and Cables
The cables and mounting hardware are exactly as their names suggest. Mounting hardware includes the framework to which your panels are fastened and any extra system equipment. The wires connect one panel to the next, directly supplying raw electricity to the other system components.
Backup Battery
Every solar energy system does not require a battery backup. The battery backup releases the stored electrical energy when the sun isn’t shining. It is an essential part of a solar energy system that functions independently of the grid.
Power Converter
Your solar panels generate electricity using direct current (DC). Alternating current (AC) power is required for the electrical system in your home. A power inverter is necessary for a solar energy system to convert the DC power from the panels to usable AC electricity.
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Charging Control
On some days, your solar panels may be able to provide more energy than you require. A charge controller can deliver electricity to the inverter, batteries, or the grid, depending on where it is needed.
FAQS on 10 solar system companies in the world in 2023
Solar panels do save money on electricity costs. Savings for an average home over the lifetime of a system are between $10,000 and $30,000, according to EnergySage. The amount you save depends in large part on local electricity rates.
SolarCity
Yingli
Sungevity
Sharp Solar
Recurrent Energy
First Solar
Canadian Solar
Trina Solar
SMA Solar Technology AG
Jinko Solar
A solar energy system normally costs around $16,000 to install. However, there is a large price range. While complete off-grid systems can cost up to $35,000, partial systems can cost as little as $3,500.
The cost of a solar energy system is mostly dictated by its size and components, such as power storage. Fortunately, federal, state, and municipal incentives can help lower some costs.
Conclusion
These 10 companies are the best in the world, and they’re all working hard to change the world. Let us know if you want to join them and impact your community or planet!
References
- Forbes ____ Best Solar Companies Of April 2023
- Consumeraffairs ___ Best Solar Energy Companies of 2023
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