Security giant ADT enters US rooftop solar market with US$825m Sunpro Solar acquisition

Facebook
Twitter
LinkedIn
Reddit
Email
Rooftop solar is a US$15 billion annual market in the US but only 3% of homes have systems in place. Image: Sunpro Solar.

Home security giant ADT has entered the US rooftop solar PV market with the acquisition of Sunpro Solar, rebranding the company as ADT Solar

The transaction is worth US$160 million in cash plus approximately 77.8 million shares of ADT common stock, meaning a total enterprise value of roughly US$825 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Sunpro founder Marc Jones and the company’s management team are expected to join ADT to help develop the newly formed ADT Solar.

Jim DeVries, ADT president and CEO, called Sunpro “the perfect partner” that unlocked an “integrated home experience that includes security, automation, and energy management”.

“By combining a cash-flow-positive company in the high-growth solar space with ADT’s trusted brand, national footprint, and cross-sell potential, we can expand offerings to our customers and accelerate growth for both ADT and ADT Solar,” said DeVries, adding that residential solar is a US$15 billion annual market but is only found in 3% of US homes.

According to ADT, there are a host of strategic and financial benefits to the transaction, including increasing ADT Solar’s addressable market, brand trust and recognition, ADT’s existing reach allowing for effective customer acquisition and cross-selling, the leveraging of national networks and distribution systems and a positive financial position.

Founded in 2008 has been growing rapidly, according to ADT, with a 90% year-over-year increase in installs in 2020.

Moreover, it is a good time to be getting into the US rooftop solar market, with the US Department of Energy (DOE) seeking to streamline the permitting process for rooftop PV as part of efforts to cut red tape for households and accelerate the rollout of residential solar systems.

The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of the year.

Read Next

June 25, 2025
US EPC contractor SOLV Energy has acquired high-voltage (HV) transmission contractor Arizona-based Spartan Infrastructure.
June 11, 2025
A new report has claimed that creating a Sydney renewable energy zone (REZ) in New South Wales, Australia, could generate up to 21GW of renewable energy from rooftop solar PV.
June 6, 2025
Australia’s Solar Energy Industries Association (SEIA) has called on Australia’s climate change and energy minister, Chris Bowen, to “urgently intervene” on a rule change that could threaten to derail the uptake of rooftop solar PV.
June 6, 2025
ElectraNet has revealed that renewables supplied 100% of South Australia's electricity demand for 27% of 2024, roughly 99 days.
Premium
June 3, 2025
In May 2025, utility-scale and rooftop solar PV dipped by 579GWh month-on-month in Australia’s National Electricity Market (NEM) to 2,861GWh.
May 20, 2025
Solar PV additions have slowed down in the first quarter of 2025 in India, with 6.7GW, according to a report from Mercom India Research.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico