Solar power is a booming business worldwide, but local installer ARiES Solar is among the companies recently named to an annual and well-recognized list of North America’s top solar contractors. ARiES achieved a rank of 461 out of 500 solar companies.
The Top 500 Solar Contractors List is developed by Solar Power World magazine to recognize the work completed by solar contractors across the U.S. and Canada. The companies on the list are growing the economy, providing jobs and offering electricity consumers a choice about how they get their power. The list was released July 26.
“The companies on this year’s list exude solar-business brilliance, and they deserve to be recognized not only for being great companies but also for how their work positively impacts the environment,” said Kathie Zipp, managing editor of Solar Power World. Solar energy is a renewable resource with great potential to significantly reduce our nation’s greenhouse gas emissions, according to the Solar Energy Industries Association, a national solar industry association.
“We’re proud to be listed as a Top 500 Solar Contractor nationally, and top 10 in Tennessee, for the fourth consecutive year,” said company president Harvey Abouelata. “2016 is a strong growth year for East Tennessee solar installs for us and, added to our expansion into neighboring states, means next year’s listing will be even more impressive.”
ARiES employs 14 workers, who installed more than 200 kilowatts of solar in 2015. Since its founding in 2011, the company has installed more than 2 megawatts of solar. ARiES Solar has doubled its revenues in each of the last 4 years and has 1.5 megawatts of solar installations under contract so far in 2016.
ARiES works amid a burgeoning business market. The U.S. solar market is expected to grow 119% this year, according to global research firm GTM Research. While a majority of solar electricity is produced at large, utility-scale solar power plants, the greatest number of solar jobs are located with companies like ARiES—firms doing the work to bring clean energy to the public.
“No one can deny that local companies are supporting the growth of the solar industry and the economy as a whole,” Zipp said. “Our Top Solar Contractors are the face of the industry—meeting homeowners and business leaders on doorsteps every day.”
About ARiES Solar
ARiES Solar LLC (Alternative Renewable Innovative Economic Solutions for Energy) is a leading energy contractor founded in 2011 to deliver turnkey, clean, and renewable energy solutions. ARiES develops strategies to avoid rising energy costs and provide the quickest return on investment for our clients by leveraging a combination of incentives, grants, and appropriate technologies.
PHG Energy, which acquired ARiES in 2015, offers sales, manufacturing and installation capabilities for state-of-the-art gasification technology. Both firms are backed by Thompson Machinery, a strong family-owned company operating since 1944 as a multi-state Caterpillar heavy machinery and power systems distributor with access to resources in generation equipment, construction and agricultural industries.
About Solar Power World
Solar Power World (SPW) is the leading online and print resource for news and information regarding solar installation, development and technology. Since 2011, SPW has helped solar contractors—including installers, developers and EPCs in all markets—grow their businesses and do their jobs better. SPW is published by WTWH Media in Cleveland, Ohio.
Shelley Kimel, brand director
Solar Power World
Steven Bushong, associate editor