Billionaire Profile
D
Global Rank
#2401

Image: Currier, Solon. [from old catalog] | Public domain | via Wikimedia Commons

Dean Solon

CEO, Solar systems
UNITED STATES
Real-Time Net Worth
$1.592B
Estimated based on Solar systems stock value as of March 6, 2026
0% (24h)
Age
61
Source
Solar systems
Industry
Energy
Citizenship
UNITED STATES

Biography

Dean Solon, a prominent figure in the renewable energy sector, is a self-made billionaire renowned for founding Shoals Technologies Group, a company specializing in electrical balance of systems solutions for solar and batteries. Born in Gary, Indiana, Solon's early career involved automotive parts manufacturing before transitioning to solar energy in the early 2000s. He is the founder of Create Energy, a renewable energy manufacturer focused on engineering and research and development. With an estimated net worth exceeding $2 billion, Solon has built his wealth through innovation and a commitment to American manufacturing, holding numerous patents related to solar gear. His career is marked by a hands-on approach and a focus on efficiency, reflected in his unique management style at Shoals and his current ventures.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Career

Dean Solon's entrepreneurial journey began early. Growing up in Gary, Indiana, he developed a knack for understanding how things work, dismantling and reassembling everything from lawnmowers to car engines. By the age of 16, he was already serving his own clients and running his own business. Solon studied engineering at Purdue University but did not complete his degree. His initial career path led him to automotive parts manufacturing. Solon refused to move his manufacturing out of Tennessee, demonstrating an early commitment to American manufacturing.

Rise to Success

Solon's pivot to the solar industry came in the early 2000s. He founded Shoals Technologies Group in 1996. Shoals manufactured electrical gear for solar installations. The company's growth was fueled by his commitment to American-made products. Solon's innovative approach included color-coded uniforms for employees and a focus on efficiency, leading to the development of numerous patents.

Key Business Strategies

Solon's success stems from several key strategies. He focused on simplifying the manufacturing process, implementing a system where workers could self-correct and maintain efficiency. Solon prioritized safety and reliability over cost-cutting, resulting in premium pricing for his products. Solon emphasizes a made-in-America approach. These strategies allowed Shoals to thrive even as competitors moved production to China. His latest venture, Create Energy, continues his focus on innovation.

Philanthropy

While specific amounts aren't readily available, Solon's impact extends to philanthropy. Solon continues to drive innovation, helping the world with a comprehensive approach to renewable energy.

Career Milestones

1996

Founded Shoals Technologies Group

Established Shoals, which manufactured electrical components for solar installations.

2021

Shoals Technologies Group IPO

Shoals went public on the Nasdaq.

2022

Founded Create Energy

Launched Create Energy, a renewable energy manufacturer.

2024

Launched ReCreate

Launched ReCreate, a joint venture with Recom Technologies to manufacture solar modules and cells.

Philanthropy & Social Impact

General

Not Available

Undisclosed

No specific details on philanthropic giving are readily available.

Business Philosophy & Leadership

Notable Quotes

""If you really enjoy what you do, the money's going to show up.""

"“Solar makes sense, with or without incentives; Buying American-made products, even better.”"

"“The renewables building is on fire, and it is hot as fuck, and everybody's running away from the fire. We have asbestos-clad underwear on. We have our fire suit on, and we got a hose, and we're running into the fire.”"

Leadership Principles

Simplicity in Manufacturing

Emphasizes a streamlined manufacturing process to increase efficiency and reduce costs.

American-Made Focus

Committed to keeping manufacturing within the United States.

Employee Empowerment

Empowering employees through self-correction systems and a supportive work environment.