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October 23, 2024 2024 ESOP Essentials

ReVision Energy

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Operational Overview

Description of the products/services offered: Full service solar installation company offering solar, heat pumps, EV charging, and battery storage for residential and commercial customers.

Geographic reach or areas of operation: Maine, New Hampshire, Massachusetts

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Employee Participation and Benefits

Success story of an employee who has benefited from the ESOP: “While I think the financial rewards that come from an ESOP are wonderful, I think the most important element is that the company’s success delivers value to every employee. In so many organizations, the success is divvied up amongst too few. What excites me most is how it drives the culture. Because to me, observing how everyone at ReVision refers to each other as co-owners creates a level of accountability that is not easy to achieve. Employee ownership allows everyone to look at their colleagues both as equals and as equally accountable, and I think that’s just unbelievably healthy.” — Nick D’Arbeloff, co-owner

“So many businesses are just there to make money, and if that’s their main goal they’re going to make some very different decisions. The ownership mindset in a company this big is what makes it work. It makes us all see the mission and feel it. It works so much better.” — Kim Quirk, co-owner

Company Culture

ReVision Energy is a mission-driven, employee-owned solar company operating in Northern New England. Guided by our mission and core values, we are showing that business can be a force for positive social change. Prioritizing people over profit, community over competition, and sustainable growth over rapid expansion, we’re on a mission to make life better by building our just and equitable electric future. ReVision Energy is a certified B Corporation (or BCorp), recognized by B Labs as a “Best for the World” company in 2019, 2021, and again in 2022. This means ReVision is in the Top 5% of B Corps scores worldwide, thanks to worker-friendly policies. In 2023, the company recertified with a score of 150, putting them in the company of Patagonia and Badger Balm.

Awards & Recognitions

2023

  • Top Solar Contractors List by Solar Power World magazine
  • #1 Solar Installer in ME and NH, #5 in MA by Solar Power World Magazine
  • #7 Solar Installer in the country by Solar Power World Magazine
  • #7 Solar Storage installer in the country by Solar Power World Magazine
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100%

Company ownership held by employees through the ESOP

Company Info

President/CEO: Dan Clapp, CEO

Employees: 500

Location/Headquarters: South Portland and Montville, Maine; Brentwood and Enfield, N.H.; Westfield, Woburn, and North Andover, Mass.

Founded: 2003

Transitioned to ESOP: 2017