Project Solar Raises USD 23M Series A Funding – EQ Mag Pro
Project Solar, a Lehi, UT-based e-commerce brand for solar installations, raised $23M in Series A funding.
The round was led by Left Lane Capital.
The company intends to use the funds to scale their digital-first, direct-to-consumer offering in additional markets, and further invest in the development of its solar installation technology stack that sits across the entire solar process – from automated quoting to project management.
Co-founded by Founders Trevor Hiltbrand and Matthew Smith, Project Solar is a commission free solar sales, design, permitting and procurement company offering a digitally powered automated solar quoting and checkout experience, paired with full installation services through their proprietary network of contractors.
With just a few inputs from customers, Project Solar instantly calculates a needed system size and corresponding price for a home’s current electrical usage, all without talking to a sales rep.
The installers within the network are vetted and fully managed by the company, offering the customer the benefit of local labor and serviceability, while maintaining the warranty benefits, scale, and pricing advantages of a large national brand.
Project Solar is on track to having 30 megawatts of solar installed this year, with the goal of installing 150 megawatts during 2023.
Source: PTI
