Project Solar

Project Solar is a residential solar technology and services company that sells competitively priced solar PV systems (DIY and full‑service installs), partners with vetted local installers, and uses a digital-first model to reduce customer acquisition costs and lower prices for homeowners. [2][5]

High-Level Overview

Project Solar positions itself as a price‑disruptor in residential solar by replacing traditional commission‑based sales with a digital direct‑to‑consumer model and offering both DIY kits and full‑service installation across most of the continental U.S. [1][2][3] The company says it was founded to remove opaque pricing and high commissions from solar shopping and now serves homeowners with turnkey systems, financing, monitoring and 25‑year equipment/workmanship protections through partner installers and equipment warranties. [1][2][3]

For an investment firm (not applicable) — Project Solar is an operating company, not an investment firm; the rest of this profile treats it as a portfolio/company.

For a portfolio company (Project Solar)

• Mission: Make residential solar affordable and transparent by cutting out high commissions and using digital marketing to pass savings to homeowners.[1][2]
  - Investment philosophy: N/A (company operating model emphasizes reinvesting efficiency gains into lower prices and scale rather than a traditional investor play). [1][2]
  - Key sectors: Residential solar PV, battery storage, solar monitoring and residential energy services delivered via a digital sales channel and installer network. [3][5]
  - Impact on the startup ecosystem: Demonstrates a digital‑first, low‑margin/high‑volume play in distributed energy; its model can pressure incumbents on price transparency and push more online procurement and standardized installer networks. [1][2]

For the product/company:

• What product it builds: Sells residential solar PV systems (panel + inverter/optimizers/batteries as applicable), with options for DIY kits or full‑service installation; offers monitoring (Enphase integration) and financing options.[3][5]
  - Who it serves: U.S. homeowners (company operates in 33 states per its site) seeking lower‑cost solar without high‑pressure sales tactics.[2][3]
  - What problem it solves: Tackles high and opaque pricing, commission‑driven upsells, and difficult procurement processes in residential solar by standardizing pricing, using digital quoting, and partnering with vetted installers.[1][2]
  - Growth momentum: Founded 2020, claims rapid expansion to 33 states and reports having delivered substantial customer savings (company cites >$46M saved for customers across its first four years) and growing reviews and press coverage as a low‑price alternative.[2][3]

Origin Story

Project Solar’s origin traces to frustration by co‑founder Trevor Hiltbrand when shopping for rooftop solar in 2016–2017; he encountered wide price variance, opaque quotes, and commission‑based sales that inflated costs, which motivated a deep dive into the industry and ultimately a new direct digital business model co‑founded with Matt (Matthew) Smith.[1][2] The company formally launched in 2020 with a mission to remove middlemen and use digital marketing rather than commissioned salespeople, leading to much lower sticker prices and rapid organic growth through referrals as pricing proved compelling. [1][2]

Core Differentiators

• Transparent, low‑price model: Claims prices roughly ~50% below national averages by removing commissioned sales and standardizing offers via an online quoting flow.[1][5]
  - Digital‑first sales and quoting: Instant/online quotes reduce sales friction and enable scale compared with door‑to‑door or heavy in‑person sales models.[1][5]
  - Dual product offering (DIY + full service): Serves both cost‑sensitive, capable homeowners with DIY kits and those who prefer turnkey installs via vetted local partners.[3][5]
  - Installer partner network and warranties: Uses vetted independent installers for full service and backs installs with long equipment/workmanship warranties (25 years cited by third‑party review sites).[3]
  - Focus on monitoring and customer experience: Integrates monitoring (e.g., Enphase) and provides ongoing system monitoring and support, which improves operations and post‑sale retention.[3][4]

Role in the Broader Tech & Energy Landscape

• Trend alignment: Rides the broader trends of residential electrification, falling PV costs, distributed energy resource (DER) adoption, and consumer demand for transparent online purchasing experiences.[1][2]
  - Timing: Home electrification, rising utility rates in many markets, and improved financing options make a low‑cost online solar alternative compelling for more homeowners now than several years ago.[2][3]
  - Market forces in their favor: Continued declines in module and inverter costs, increasing mainstream familiarity with solar, and policy incentives at state/federal levels support demand for competitively priced residential systems. [2][3]
  - Influence on ecosystem: By pushing transparent pricing and a digital channel, Project Solar increases price pressure on traditional aggregator/retailer installers and encourages standardization of procurement, which can lower industry customer acquisition costs and improve consumer trust. [1][5]

Quick Take & Future Outlook

Project Solar’s near‑term opportunity is to continue geographic expansion, deepen finance and battery offerings, and scale its partner installer network while maintaining margin discipline that enables low prices. [2][3] Key trends that will shape its path include federal/state incentives, battery adoption rates, local permitting/inspection bottlenecks (which slow deployments), and competition from vertically integrated installers and national retailers adopting digital sales. [4][5] If it sustains quality through partner installers and preserves transparent pricing, Project Solar could accelerate residential PV adoption among price‑sensitive homeowners and force incumbents to adopt clearer pricing and online sales models. [1][3]

If you’d like, I can:

• Produce a one‑page investor‑style snapshot with estimated unit economics and TAM assumptions (requires financial inputs),
  - Compare Project Solar vs. two national competitors on price, warranty, and service model, or
  - Pull recent customer reviews and installation timelines to evaluate operational consistency.