Project Solar

Overview
Current-gen renewables?
Product stageSegments
Growth
?
Renewable energy installers
?

Project Solar is a residential solar company that operates on a direct-to-consumer model, providing transparent and consistent pricing nationwide without any sales commissions. Their pricing structure is based on a flat pricing model that ensures equity for all customers, irrespective of utility rates or incentives. The company utilizes a sliding scale price-per-watt (PPW) model, which ensures proportional costs across a range of system sizes. For DIY installations, systems larger than 13 kW are priced at USD 1.80 per watt, while smaller systems begin at USD 2.10 per watt for 4 kW installations. Full-service installations are offered for an additional USD 0.50-USD 0.70 per watt, depending on location.

Project Solar employs advanced design software, such as Aurora Solar and LIDAR technology, to optimize panel placement on rooftops, taking into account factors like shading, irradiance, orientation, obstructions, and fire-code setbacks. The company also offers battery storage solutions, including the Enphase IQ 5P Batteries and Tesla Powerwall 2, although they are not always recommended due to their high cost and limited warranty periods.

For customers seeking more affordable backup power options, Project Solar provides the Power Bank Solar Battery Kit, a portable battery that can be charged using solar energy or grid power. The company partners with lenders to offer financing options without prepayment penalties and accepts third-party financing, including Home Equity Line of Credit (HELOC) options.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Lehi UT USA
Founded year:
2016
Employees:
51-100
IPO status:
Private
Total funding:
USD 23.0 mn
Last Funding:
USD 23.0 mn (Series A; Aug 2022)
Last valuation:
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Company profile
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