Columbia Masterworks Records

Project Solar Raises $23 Million Series A to Expand its Low-Cost Digital Solar Offering

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Saturday, August 6, 2022 - 12:13am

Nationally, our customers see an average ROI of 18% in the first year," says Trevor Hiltbrand, CEO and Co-Founder of Project Solar.

Key Points: 
  • Nationally, our customers see an average ROI of 18% in the first year," says Trevor Hiltbrand, CEO and Co-Founder of Project Solar.
  • Project Solar sells at an average of $2.20/watt while the national average sale price for residential solar hovers around $3.90/watt (source NREL ).
  • "Solar has never been more attractive from an investment perspective, nor more needed from an environmental perspective," says Matthew Smith, President and Co-Founder of Project Solar.
  • Project Solar is on track to having 30 megawatts of solar installed this year, with the goal of installing 150 megawatts during 2023.