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elementaryOS is licensed under GPLv3. You may absolutely sell hardware that comes with it pre-installed, so long as any modifications you have made to the software are also released under GPLv3. There are non-commercial licenses, but they are not free and open source.
But making an installer is hard to do from scratch. So you may want to modify an existing one, such as the one that elementaryOS uses, or the general-purpose calamares framework, in which case your installer is bound by the terms of their license to the extent you modified or are redistributing their code.
But making an installer is hard to do from scratch. So you may want to modify an existing one, such as the one that elementaryOS uses, or the general-purpose calamares framework, in which case your installer is bound by the terms of their license to the extent you modified or are redistributing their code.