MittGroup Breaks Records with Record Q1 Revenue
Austin, TX, April 20, 2022 — MittGroup, a leading solar energy solutions provider, has had a remarkable start to the year, with the highest quarterly revenue in the company’s history. This achievement comes on the heels of an impressive 107% growth in 2021, and the company’s expansion to 15 states nationwide. MittGroup has also seen a substantial increase in revenue, upwards of 14% from the previous quarter.
The recent release of the updated March inflation reports by the White House revealed an alarming 8.5% inflation rate, the highest in 40 years. According to CNBC, consumer prices in March have reached their highest levels since 1981, as indicated by data from the Labor Department. With rising energy prices affecting Americans across the country, there is a growing expectation for consumers to turn to solar power as a way to alleviate the financial burden. The SEIA market insight report for Texas highlights the state as the second highest for solar electric capacity, with over 9,000 megawatts of solar capacity statewide. This report emphasizes the potential of solar panels to eliminate the cost of an electric bill, offering homeowners the opportunity to reduce their electricity expenses.
MittGroup’s strategic partnerships with some of the largest solar financiers in the country have enabled customers to access industry-low interest rates. As a result of these low rates, millions of Americans can now afford to invest in solar energy for their homes, significantly lowering their energy costs. Grant Mitterlehner, the CEO of MittGroup, commented on this trend, stating, “With a 40-year high inflation and energy costs at an all-time high, we are seeing record numbers of new customers making the switch to solar energy. As this continues, I expect MittGroup to more than double our installs in 2022.”
For individuals seeking more information on solar energy, MittGroup offers valuable resources on their website at MittGroup.Net.
MittGroup’s outstanding Q1 performance and the current market trends demonstrate a growing demand for affordable and sustainable energy solutions. With the increasing adoption of solar power and the company’s commitment to providing accessible financing options, MittGroup is well-positioned to continue its growth and make a positive impact on the renewable energy industry.
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