Industry Insights

Commercial Solar

Insight Overview

If you own a commercial solar business and have thought about an exit, private equity platforms and strategic acquirers are moving quickly in your space. Solar transaction volume rose 17% year over year in 2025 across 96 deals, driven by buy-and-build platforms consolidating a fragmented installer base, and buyers are prioritizing companies with projects already under construction or clearly eligible for existing clean energy tax credits.

This edition of Industry Insights breaks down what is driving buyer activity in commercial solar, how acquirers evaluate businesses in this space, and what separates premium outcomes from average ones.

Inside the analysis:

Why clean energy tax credits, rising utility costs, and grid demand are creating a favorable window for sellers right now
How project backlog, service revenue, and the ability to monetize available incentives affect what buyers are willing to pay
What role customer concentration, workforce structure, and management depth play in how buyers assess risk and deal certainty
How EBITDA size directly affects the multiple range you can command, and where businesses like yours typically fall on that spectrum

Download the full industry insights report to learn more.

Read the Full Analysis