Billionaire Profile
Dean Solon
Global Rank
#2110

Image: Public domain | via Wikimedia Commons

Dean Solon

CEO, Shoals Technologies Group
US
Real-Time Net Worth
$1.6B
As of December 2025
Age
60
Source
Solar systems
Industry
energy
Citizenship
US

Biography

Dean Solon, a self-made billionaire, is a prominent figure in the renewable energy sector. He is the founder of Shoals Technologies Group, a company that manufactures electrical equipment for solar installations. Solon, who dropped out of Purdue University, started his career designing and manufacturing automotive parts. He holds numerous patents related to solar technology. His net worth is estimated at $1.6 billion, stemming from his pioneering work in the solar industry. Solon's career is marked by innovation and a commitment to American manufacturing.

Wealth Over Time

In-Depth Profile

Early Life

Dean Solon was born on August 14, 1962, in Cleveland, Ohio. His early life was marked by a strong connection to nature and a keen interest in science, which fostered his fascination with how things worked. Growing up in a family that valued education and hard work, Solon was encouraged to pursue his passions. He studied engineering at the University of Michigan, where he developed a deep understanding of energy systems.

Rise to Success

Solon's journey in the business world began in the automotive industry. However, recognizing the growing need for sustainable energy, he transitioned into the solar power sector in the early 1990s. In 1996, he founded Shoals Technologies Group, which became a leading provider of electrical balance of systems (EBOS) components for solar energy projects. The company's initial public offering (IPO) in January 2021 was a significant milestone.

Key Business Strategies

Solon's approach to business has been characterized by relentless innovation and a commitment to high-quality, American-made products. He has focused on making the manufacturing process as efficient as possible, employing strategies that have made his products safer, more reliable, and easier to install. He has also launched Create Energy with the goal of providing comprehensive solutions for solar, BESS, and eMobility projects.

Philanthropy

Dean Solon is dedicated to giving back to the community. He is actively involved in supporting educational initiatives and charitable organizations focused on environmental conservation and social justice.

Career Milestones

1996

Founded Shoals Technologies Group

Established Shoals Technologies, a company focused on electrical balance of systems (EBOS) components for solar energy projects.

2021

Shoals Technologies IPO

Shoals Technologies Group went public on the Nasdaq.

2023

Founded Create Energy

Launched Create Energy, a company aiming to provide comprehensive renewable energy solutions.

Philanthropy & Social Impact

Education

Supporting Educational Initiatives

Unknown

Actively supports educational initiatives.

Environmental Conservation

Environmental Conservation

Unknown

Supports charitable organizations focused on environmental conservation and social justice.

Business Philosophy & Leadership

Notable Quotes

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

Leadership Principles

Innovation

Continuously seeking new and improved methods in solar technology.

Quality

Committing to high standards in product manufacturing.

American Manufacturing

Prioritizing domestic production.