"Tenaska, a strategic energy partner with multiple years of experience in commercial and utility scale solar, has partnered with us in residential solar to help us develop and expand," said Suncrest President John Corliss. "At Suncrest, our mission is to lower our customers' electricity bills and provide solar at no upfront cost while also making a positive impact on the environment. This investment will allow us to expand more quickly and provide more customers the ability to obtain solar and save money."
Suncrest designs, permits and installs solar panels on the roofs of residential electric utility customers. Electricity produced by the solar panels is fed directly into the home. Excess electricity produced by the rooftop panels is sold into the electric grid. Suncrest Solar installed more than 500 solar systems on residential homes last year.
"Suncrest is poised for growth and uniquely positioned to bring solar power to homes across Southern California, the surrounding region and the U.S.," said Greg Kelly, Tenaska's president of development. "The company brings that rare combination of a solid foundation and tremendous growth potential, along with a team in place that can get the job done."
Tenaska is consistently ranked by Forbes magazine as one of the largest privately held companies in the United States, with 9.5 billion in gross operating revenues in 2013. Tenaska possesses 280 megawatts of utility-scale solar projects in California.
In addition to Tenaska's investment, Sorenson Capital, a valued partner of Suncrest since the company's founding, has invested further in the business, a decision that shows Sorenson's confidence in the future of Suncrest. Sorenson's partnership with Suncrest has proven invaluable to the rapid growth and expansion of the company.
Expansion will include seven sales offices in California this year in addition to Suncrest's existing Inland Empire, Orange County and San Diego locations, and 10 more elsewhere in the United States in 2016. Employment in solar energy industry has grown 20 percent since 2012, and California leads the U.S. in the industry, with more than 242,000 solar projects throughout the state.
"This is an exciting time at Suncrest Solar," said Suncrest Senior Vice President of Sales Josh Hatch. "With both Tenaska and Sorenson Capital on board, we can continue to build upon our successful sales platform and quickly expand to 20 markets. We attract the best salespeople in the industry by performing the quickest, highest quality, and most efficient installations in the industry. Combined with our best-in-class IT infrastructure, we exceed our customers' expectations and generate an exceptional number of referrals. As a result, Suncrest is the most attractive option for top talent in the industry."
Reference: www.garvindirect.com
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