Crossroads Solar

Overview
Current-gen renewables?
Product stageSegments
Seed
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Solar equipment manufacturers
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Crossroads Solar is a solar panel manufacturer based in South Bend, Indiana. The company produces monocrystalline solar panels in its 60 and 72 cell series, backed by a 25-year performance warranty. Crossroads Solar takes pride in manufacturing its panels in the US and sourcing supplies from local industries where possible. Additionally, the company provides employment opportunities for former felons, allowing them to reintegrate into society.

Crossroads Solar's direct labor costs are significantly higher compared to other manufacturers, allowing the company to meet the domestic content threshold of 40% as per the Inflation Reduction Act (IRA) guidance, despite using imported solar cells. In 2022, Crossroads Solar achieved an annual manufacturing capacity of 12 MW. With the assistance of IRA credits, the company plans to expand its operations by opening an additional production line, targeting an annual capacity of 40 MW.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
251 E. Sample Street Suite 100 South Bend IN USA
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 499.5 k
Last Funding:
USD 499.5 k (Seed; Mar 2024)
Last valuation:
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Company profile
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