Suncrest Solar makes big residential play with US service expansion

Facebook
Twitter
LinkedIn
Reddit
Email

US solar installer Suncrest Solar has marked a big play in the residential market by expanding into northern California and launching into two new US states.

Suncrest is to establish nine new offices in California, South Carolina and Utah to further the expansion, while its ProAlliance partner programme – which allows other sales-based industries to incorporate solar products into their offering – will also be launched into additional markets.

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

The Salt Lake City-headquartered firm had previously only operated in southern California, but has elected to branch out after recording sales growth of more than 400% in the last year.

“Our people are clearly energized by the mission of bringing homeowners a lower-cost electric service alternative with clean, renewable energy. Residential customers in these new markets are hungry for renewable energy, and we look forward to meeting the ready pool of qualified sales candidates in those locations,” Josh Hatch, senior VP of sales at Suncrest Solar, said

The expansion comes two months after Suncrest closed its maiden tax equity fund in which it partnered with US banks KeyBank and Silicon Valley Bank. The result was a flexible fund which, while no definitive value was revealed by the company, Suncrest said would support “nearly unlimited growth” through 2016.

Suncrest has also received the backing of middle-market private equity firm Sorenson Capital and US capital management giant Tenaska, both of which are primary shareholders in the installer.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece