Horizon Solar Power and Solar Spectrum Announce Merger Agreement
Get ready for a new solar experience powered through the merging of a great customer experience and industry-leading technology solutions.
Following a monumental and memorable solar eclipse, we’re proud to announce another solar event that will have a similar effect across our industry and nation. Through the merging of Horizon Solar Power (Horizon) and Solar Spectrum – now part of the Sungevity family, we’re setting a new standard in the residential solar market. Our new partnership will provide homeowners and businesses across the country the highest quality solar solutions, supported by best-in-class technology and delivered through a customer experience eclipsed by no other provider in the nation.
Under the merger, the two companies will preserve their unique brand identities while partnering to fulfill a collective vision to be the nation’s leading and most progressive solar solutions leader. Here are some highlights of the merger:
- The merger of Solar Spectrum and Horizon will create the second largest provider of residential solar systems in California and the fourth largest in the country.
- Leveraging Solar Spectrum’s very strong proprietary technology platform and Horizon’s broad span of capabilities and exemplary service support, the merger will better position both companies to expand its footprint across America and provide customers with the very best in solar solutions, backed by the highest engineering standards and customer experience practices.
We understand that with excitement and change also comes questions. In anticipation, we’ve assembled the following series of questions about the merger, along with the most up-to-date answers available.
Why did the companies merge?
The partnership between Horizon and Solar Spectrum was a natural fit from the onset. Both organizations recognized by combining the two companies, each with unique and valuable attributes, there would be tremendous synergy with minimal overlap. One example of this synergy lies with each company’s strategic sales approach. While Solar Spectrum has a developed a successful sales strategy focused on inside sales, Horizon has experienced similar success with its outside direct sales model. By utilizing learnings and best practices from both strategies, tremendous opportunity exists for both organizations to dramatically drive increased sales volume while delivering an integrated and greatly enhanced customer experience.
Who are Solar Spectrum and Horizon Solar Power?
Solar Spectrum provides technology-driven solar energy solutions to residential and commercial customers. Its asset-light business model focuses on value-added in-house services for software platform development, project management and customer experience. This focus is enabled by a strong, scalable network of third-party providers for the provision of hardware, installation services and financing. Solar Spectrum’s competitive model delivers greater value directly to its customers.
Since 2008, Horizon Solar Power (Horizon) has served as a premier designer and installer of residential and commercial solar systems in California. Rated an A+ by the Better Business Bureau and a recipient of the 2017 Frost & Sullivan Customer Service Leadership Award, Horizon specializes in providing customized solar systems that precisely fit its customer’s home, energy and savings goals. Backed by Oaktree Capital Management, a leading global alternative investment management firm, the company has grown to be one of the regions most trusted solar installers through its passionate commitment to providing industry-leading energy savings and customer-centric solar solutions, delivered through superior and dependable service.
What is the name of the combined companies and what is the vision of the partnership?
Solar Spectrum and Horizon Solar Power will continue as separate legal entities working under a shared vision:
To brighten the world with smart, simple and clean energy saving solutions. One customer at a time.
As one of the nation’s leading designer and installer of residential and commercial solar systems, our team understands what it means to play a role in preserving our way of life. Whether helping homeowners realize the cost savings and benefits of solar power, partnering with businesses to become more energy efficient or making a difference in our communities. We’re passionately dedicated to preserving the environment and culture in which we all work, play and love. Singularly committed to delivering clean energy solutions customized to serve every homeowner and business with personal service, creative solar installation options and flexible finance options.
What are the benefits to Horizon and Solar Spectrum customers?
Through this merger, customers can have further confidence and peace-of-mind that they have chosen a company that will be their solar partner into the future and has a sustainable vision that’s committed to providing superior residential and commercial solar solutions.
These are indeed exciting times for Horizon and Solar Spectrum as well as the entire solar industry. Through this merger, we look forward to working together to help homeowners realize the cost savings and benefits of solar power and promote sustainable and clean energy solutions while making a difference in our communities.
For a Brighter Tomorrow.
Look for exciting information in the coming days and weeks. To learn more about the benefits of solar power and to request a free solar quote, click here.
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GET STARTEDMEDIA CONTACTS:
Solar Spectrum
Justin Jordan
(951) 926-1176 ex. 355
justin.jordan@sungevity.com
