Published on March 29th, 2014 | by Cynthia Shahan2
Soligent & SunWize Become Soligent Distribution
March 29th, 2014 by Cynthia Shahan
Soligent and SunWize have decided to integrate and combine their operations in order to reportedly become the largest provider of solar distribution and dealer services in the US. Their combined portfolio of offerings involve financing and value-added services for solar installers, energy efficiency firms, electrical contractors, and roofing companies. The company’s new name is Soligent Distribution.
“Soligent and SunWize, both pioneers in the industry, have been delivering solar solutions to the market for over twenty years. We are thrilled to be combining our capabilities and areas of expertise to better meet the needs of solar dealers and, ultimately, the end customer,” said Jonathan Doochin, CEO of Soligent. “Our motto is ‘We stand for dealers’ and with this transaction we will deliver innovative products and services that drive our customers’ businesses forward.”
“The first two decades of the solar industry revolved around advancing the state of technology and lowering the cost of equipment,” said David Kaltsas, SunWize President and COO. “The next ten years will be about developing innovative services for getting solar to market more easily. By teaming up, we will be able to create and deliver new sustainable energy solutions to meet the needs of an expanding customer base across new markets.”
The solar industry is at a historical inflection point. Approximately 6 GW of residential, commercial and utility-scale solar capacity are expected to be added in 2014, a 26% increase over the record established in 2013, according to GTM Research. Meanwhile, the costs of solar systems have dropped by approximately 50% since 2010.
As a result, the channels for bringing solar technology to market will experience a rapid evolution. Thousands of contractors, electricians and other experts in new and existing markets will add solar as a core part of their business, while established solar installers and developers will optimize their internal operations and business plans to more effectively leverage their skills. Streamlined methods for buying, shipping and installing equipment will be required, along with cloud-based systems for managing systems over their lifetime. New financial and ownership models are being developed to serve an increasingly diverse base of end-users.
Soligent is at the forefront of developing services and technologies for making solar dealers more competitive. Earlier this year, Soligent introduced Solar Engine, an integrated set of services, as a first step in addressing these needs. Solar Engine allows independent solar installers, energy efficiency firms, electrical contractors and roofing companies to leverage Soligent’s in-house expertise, technology and extensive network of financial partners and solar professionals to prepare permits and bids, execute projects, obtain financing, manage materials and eliminate other “soft” costs.
By adopting Solar Engine, customers can increase their profitability by an estimated 10% on average while substantially reducing the time-to-completion for residential and commercial solar projects. For more on Solar Engine, please click here.
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