National solar services provider SunPower has made minority investments in two more regional solar installers, EmPower Solar and Renova Energy. With these investments, Renova (California) and EmPower (New York) are the newest additions to SunPower’s Dealer Accelerator Program. SunPower previously made minority investments in Freedom Solar Power (Texas) and Sea Bright Solar (New Jersey).
The Dealer Accelerator Program provides high-potential solar dealers with capital financing and business strategy support to accelerate growth and meet the increasing homeowner demand for solar nationwide. Dealers in the program exclusively sell industry SunPower solar systems, offer SunVault battery storage and leverage SunPower Financial offerings for solar financing.
“With an increasing need for more affordable and resilient energy coupled with new federal incentives to adopt clean energy, consumer demand for solar is at an all-time high. Through these investments, SunPower is enabling local dealers to capture this strong demand and grow their business,” said Peter Faricy, CEO at SunPower. “Renova and EmPower share SunPower’s commitment to quality and service, and we look forward to helping them bring the benefits of solar to more people across the country.”
Renova Energy employs over 300 people in Coachella Valley who installed 11.5 MW of solar power in 2021 alone. Named SunPower’s “Residential Regional Top Producer of the Year” in 2019 and winner of a coveted SunPower Intelegant award for installation design in 2020, Renova continues to lead in sales performance and craftmanship as a SunPower elite dealer in California and Arizona.
“Since 2010, SunPower has recognized Renova Energy’s commitment to bringing renewable energy to every rooftop in our current territory,” said Vincent Battaglia, CEO and Founder of Renova Energy. ”This investment comes at the right time for the solar industry to reach new heights, allowing us to continue bringing the most powerful and efficient solar and battery storage technology to homes and businesses in the Southwest.”
EmPower Solar has served Long Island and the greater New York area since 2003, helping generate millions for the region in economic activity each year. In 2020, the company added an operations center in Farmingdale, New York, to support the rapid expansion of its residential solar division and has doubled its workforce since then. In 2021, EmPower Solar installed 7.79 MW of distributed solar and continued to provide five-star service to its existing 5,000+ clients
News item from SunPower