Sol Systems
Sol Systems is a Washington, DC-based clean energy developer and SREC aggregator founded in 2008, serving corporate energy buyers, landowners, and solar system owners through utility-scale solar development, SREC trading, and renewable energy procurement across 8+ U.S. state markets.
- Company typePrivate
- Founded2008
- HeadquartersWashington, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Sol Systems does
Sol Systems is a Washington, DC-based clean energy project developer and independent power producer founded in 2008, operating across four interlocking business lines. First, it aggregates and trades Solar Renewable Energy Certificates (SRECs) across at least eight U.S. state markets (DC, MD, PA, VA, NJ, MA, OH, DE), serving residential and commercial solar system owners through four contract products — Sol Upfront (15-year lump sum), Sol Annuity (3-5 year fixed rate), Sol Brokerage (variable market rate, 7% take rate), and Sol Profit Share (hybrid with NGO donation) — managed via the Sol Systems Dashboard integrated with 15+ remote monitoring platforms. Second, it develops, finances, and operates utility-scale solar projects, with major assets including the 186 MW-dc Tilden Solar Project, 342-354 MW Eldorado Solar Project (the company's first agrivoltaic installation), the 250-330 MW Wolf Creek Renewable Energy Center, plus Blossom Solar (Ohio) and Nightfall Solar (Texas) totaling over $1.34 billion in recent project investment. Third, it provides clean energy procurement and PPA origination services to corporate energy buyers including Microsoft and Google. Fourth, it operates development partnerships with landowners and EPC firms (notably Solv Energy). Revenue derives from SREC transaction spreads, developer fees and project equity returns, PPA origination, and ancillary community impact programs; the company is privately held following a 2021 KKR investment, with 140+ employees as of 2026.
Sol Systems firmographics
Firmographics- Name
- Sol Systems
- Legal name
- Sol Systems, LLC
- Website
- https://solsystems.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Sol Systems is a Washington, DC-based clean energy developer and SREC aggregator founded in 2008, serving corporate energy buyers, landowners, and solar system owners through utility-scale solar development, SREC trading, and renewable energy procurement across 8+ U.S. state markets.
- Ownership category
- akta.pro rank
Sol Systems industry classification
Industry- Product category
- Renewable Energy Development & SREC Trading
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)
- akta.pro secondary industries
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH)
Keywords
Where Sol Systems is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sol Systems business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Utility-Scale Solar Development: Sol Systems develops, owns, and operates utility-scale solar projects across the United States, including the 186 MWdc Tilden Solar Project, 342 MWdc Eldorado Solar Project, 250-330 MW Wolf Creek Renewable Energy Center, Blossom Solar in Ohio, and Nightfall Solar in Texas. Projects are funded through construction financing facilities and generate revenue through electricity sales and SREC monetization.
- SREC Aggregation and Trading: Sol Systems aggregates SRECs from residential, commercial, and utility-scale solar systems and trades them in state markets. The company offers multiple contract structures including Sol Brokerage (market-based), Sol Annuity (fixed price), Sol Upfront (lump-sum prepayment), and Sol Profit Share (fixed plus profit share). Revenue comes from the spread between acquisition and sale prices, plus transaction fees.
- Clean Energy Procurement Services: Enterprise customers engage Sol Systems for clean energy procurement advisory and power purchase agreement (PPA) arrangements. Sol Systems develops solar projects to supply renewable energy to corporate buyers.
- Development Partnerships: Partnership model where Sol Systems works with landowners and other partners to develop solar projects on available land, with Sol Systems providing project financing, development expertise, and grid interconnection.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Washington DC SREC Sol Upfront: $1,332.50 per kW for 15 years |
| Subscription | Monthly | Washington DC SREC Sol Annuity (3-year): $316 per SREC |
| Subscription | Annual | Washington DC SREC Sol Annuity (5-year): $270 per SREC |
| Transaction based/ take rate | Monthly | Washington DC SREC Sol Brokerage: $373.25 per SREC |
| One time/ perpetual license | Multi-year contract | Maryland SREC Sol Upfront: $149.75 per kW for 15 years |
| Subscription | Monthly | Maryland SREC Sol Annuity: $27 per SREC |
| Transaction based/ take rate | Monthly | Maryland SREC Sol Brokerage: $42.50 per SREC |
| Transaction based/ take rate | Monthly | Ohio SREC Sol Brokerage: $3.25 per SREC |
| One time/ perpetual license | Multi-year contract | Pennsylvania SREC Sol Upfront: $118.25 per kW for 15 years |
| Subscription | Monthly | Pennsylvania SREC Sol Annuity: $17.50 per SREC |
| Subscription | Monthly | New Jersey SREC I Sol Annuity: $115 per SREC |
| Transaction based/ take rate | Monthly | New Jersey SREC I Sol Brokerage: $172.25 per SREC |
| Subscription | Monthly | New Jersey SREC II Sol Annuity: $79 per SREC |
| Subscription | Monthly | New Jersey TREC Sol Annuity: $86.20 per SREC |
| Transaction based/ take rate | Monthly | Massachusetts SREC II Sol Brokerage: $221.25 per SREC |
| One time/ perpetual license | Multi-year contract | Massachusetts Class I REC Sol Upfront: $166 per kW |
| Subscription | Monthly | Massachusetts Class I REC Sol Annuity: $30 per SREC |
| Transaction based/ take rate | Monthly | Massachusetts Class I REC Sol Brokerage: $37.25 per SREC |
| One time/ perpetual license | Multi-year contract | Virginia SREC Sol Upfront: $125.75 per kW for 15 years |
| Subscription | Monthly | Virginia SREC Sol Annuity: $19 per SREC |
| Transaction based/ take rate | Monthly | Delaware SREC Sol Brokerage: $9 per SREC |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Sol Systems product offering
Product offeringCore offering
Sol Systems develops, owns, and operates utility-scale solar and storage projects across the United States and aggregates/trades Solar Renewable Energy Certificates (SRECs) from residential, commercial, and utility-scale solar system owners across eight state markets. The company also provides corporate clean energy procurement services, including power purchase agreement (PPA) structuring, and operates development partnerships with landowners, specializing in agrivoltaic and former mine-site solar installations.
Product overview
Sol Systems is a clean energy project developer and independent power producer offering a unified platform combining SREC aggregation services, development partnerships, landowner programs, and corporate clean energy procurement. The core product is the Sol Systems Dashboard, a customer portal for SREC management. The company offers four SREC contract products: Sol Upfront (15-year lump-sum prepayment), Sol Annuity (3-year fixed-rate guarantee), Sol Brokerage (variable market-rate), and Sol Profit Share (fixed rate plus upside sharing). Supporting services include remote monitoring integration with 15+ solar monitoring platforms, state market registration across 8 jurisdictions (DC, MD, PA, VA, NJ, MA, OH, DE), and agrivoltaic solar project development combining energy with agriculture. Sol Systems develops, owns, and operates utility-scale solar and storage projects across Illinois, Ohio, and Texas, having financed and developed multiple gigawatts of solar capacity.
Differentiator
Problem solved
Functional benefit
Products and services
- Sol Systems Dashboard
- Sol Upfront One-time lump-sum prepayment SREC contract providing immediate cash for 15 years of SREC production with all price and policy risk eliminated.
- Sol Annuity Fixed-rate SREC contract offering guaranteed payments per SREC regardless of market fluctuation for predictable revenue.
- Sol Brokerage Variable-rate SREC contract selling at highest possible market rate, allowing customers to take full advantage of rising market prices.
- Sol Profit Share Hybrid SREC contract providing guaranteed fixed payments plus additional profit when market prices rise above a set threshold.
- SREC Aggregation Services Aggregation and trading of Solar Renewable Energy Certificates across multiple state markets including Washington DC, Maryland, Pennsylvania, Virginia, New Jersey, Massachusetts, Ohio, and Delaware.
- Development Partnerships Partnership programs for developing solar and storage projects, including landowner lease arrangements and development financing for utility-scale clean energy infrastructure.
- Clean Energy Procurement Corporate procurement solutions for renewable energy, including power purchase agreements (PPAs) and renewable energy certificate procurement to help organizations meet sustainability goals.
- Agrivoltaic Solar Projects Solar installations that combine energy generation with agricultural production, promoting sustainability, biodiversity, and community engagement through dual-use land practices.
- SREC State Market Services State-specific SREC registration, compliance, and reporting services covering Washington DC, Maryland, Pennsylvania, Virginia, New Jersey, Massachusetts, Ohio, and Delaware markets.
Quantifiable outcome
- Tilden Solar Project: 186 MW-dc capacity, powers 35,000 homes annually, generates 319 GWh in first year, $20M in community tax revenue and impact investments, 300 construction jobs
- +2 more outcomes
Companies that use Sol Systems
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles4 records
Sol Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
Feature4 records
Sol Systems partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered major, core and minor.
- US SolarmajorSol Systems acquired the 250 MW Wolf Creek Renewable Energy Center from US Solar. US Solar had originated and advanced the project through early development stages, including land acquisition, permitting, and grid connection.
- MicrosoftcoreSol Systems is one of six renewable energy developers that worked with Microsoft to help achieve its 2025 goal of matching 100% of global electricity consumption with renewable energy. Microsoft contracted 40GW of renewable energy across 26 countries. Sol Systems contributed solar project development as part of this partnership.
- SOLV EnergyminorSOLV Energy's annual PowerUp! Scholarship program includes professionals from Sol Systems on the review panel. The scholarship supports high school seniors pursuing clean energy careers.
- Solv EnergycoreSolv Energy has been selected as the EPC (engineering, procurement, and construction) services provider for Sol Systems' 209MW solar project in Uvalde, Texas. This follows their successful delivery of a 342MWdc solar installation in Eldorado, Illinois. Solv Energy has constructed over 20 GW of solar capacity.
- Gas SouthminorSol Systems, Gas South, and Cobb EMC announced a partnership to fund a renewable-energy-themed STEM education program for Cherokee County School District in Georgia. The initiative aims to train educators, develop renewable energy learning tools, and support STEM certification, benefiting over 45 teachers and tens of thousands of students.
- Cobb EMCminorSol Systems, Gas South, and Cobb EMC partnership for STEM education program in Georgia's Cherokee County School District, supporting renewable energy education and workforce development.
- Food Works of Southern ILminorSol Systems and Food Works of Southern IL partnership for the Eldorado agrivoltaic project, with Food Works welcoming Sol Farm Manager Morgan Schmitt to manage agricultural operations on the solar site.
- REI Co-opminorSol Systems and REI Co-op partnered with Florida Atlantic University's Pine Jog Center to expand climate resilience education for high school students in Palm Beach County. The program leverages renewable energy certificates from Sol Systems' solar projects including Silver Palm Solar Energy Center.
- Florida Atlantic University Pine Jog CenterminorPartnership with FAU's Pine Jog Environmental Education Center to develop college-credit residential programs focused on South Florida ecosystems, expanding environmental literacy and climate resilience among youth.
- GooglecoreSol Systems and Google announced a partnership to invest in solar energy projects and community organizations. The partnership includes renewable energy development and community investment programs. Additionally, Sol Systems and Google have partnered on energy efficiency retrofits for rural households in South Carolina.
- KernzaminorSol Systems uses Kernza grain at its Eldorado agrivoltaic project to support environmental and nutritional goals, demonstrating innovative agricultural integration with solar energy.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
Sol Systems competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights5 records
Customer concentration
Sol Systems social profiles
Digital presenceSol Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sol Systems leadership team
Management profileNumber of profiles
Profiles5 records
Sol Systems funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sol Systems M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sol Systems
What does Sol Systems do?
Sol Systems develops, owns, and operates utility-scale solar and storage projects across the United States and aggregates/trades Solar Renewable Energy Certificates (SRECs) from residential, commercial, and utility-scale solar system owners across eight state markets. The company also provides corporate clean energy procurement services, including power purchase agreement (PPA) structuring, and operates development partnerships with landowners, specializing in agrivoltaic and former mine-site solar installations.
Is Sol Systems a public or private company?
Sol Systems is a private company. It is classified as private equity controlled and is currently operating.
When was Sol Systems founded?
Sol Systems was founded in 2008. It employs 101 to 250 people.
Where is Sol Systems based?
Sol Systems is headquartered in Washington, United States, in the North America region.
How does Sol Systems make money?
Four revenue lines are on record. Utility-Scale Solar Development is the primary driver. The others are SREC Aggregation and Trading, clean Energy Procurement Services and development Partnerships.
Does Sol Systems have an API?
No public API is recorded for Sol Systems.
What industry is Sol Systems in?
Sol Systems's product category is Renewable Energy Development & SREC Trading. Its primary akta.pro industry code is EUAMABAJ, Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization), with a secondary code of EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop). Its NAICS code is 221114 and its SIC code is 4911.