BetterWatts
BetterWatts Insurance Company underwrites 30-year warranty and insurance policies for residential solar panels, battery storage, and home micro-grid systems across the continental United States, distributing through direct sales and exclusive partnerships with installers OREQA and Suntria.
- Company typePrivate
- Founded2023
- HeadquartersTempe, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What BetterWatts does
BetterWatts Insurance Company, Inc. is a private, US-based insurance carrier that underwrites long-duration (30-year) warranty coverage for residential solar, battery storage, and home micro-grid systems. The company structures coverage as personalized, quote-based policies that cover defects in materials and workmanship on major components (batteries, panels, inverters) and include parts, labor, roof penetration protection, and a transferable warranty that follows the home through resale. The product suite is assembled as modular coverage layers (roof penetration add-on, transferable home warranty, claims processing, nationwide support) all anchored on a single 30-year limited warranty core product.
The company is a wholly-owned subsidiary of EverPower.AI, founded in 2023, headquartered in Scottsdale, Arizona, and operates with a 1-10 employee team serving homeowners nationwide across the continental United States. Distribution is hybrid: a direct-to-consumer motion through the website, phone (877-760-5040), and email ([email protected]), combined with exclusive partnerships with residential energy installers OREQA (home battery micro-grids) and Suntria (residential solar) who recommend BetterWatts coverage during the installation sales process.
Revenue is generated through recurring annual premiums on multi-year policies. Pricing is not publicly disclosed and is determined per customer based on system size, components, and homeowner specifics. As of the available data, the company is operating with minimal disclosed capitalization (a single $500K seed round led by Finaventures in January 2023) and no public metrics on customer count, premium volume, or claims loss ratios.
BetterWatts firmographics
Firmographics- Name
- BetterWatts
- Legal name
- BetterWatts Insurance Company, Inc.
- Website
- https://betterwatts.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- BetterWatts Insurance Company underwrites 30-year warranty and insurance policies for residential solar panels, battery storage, and home micro-grid systems across the continental United States, distributing through direct sales and exclusive partnerships with installers OREQA and Suntria.
- Ownership category
- akta.pro rank
BetterWatts industry classification
Industry- Product category
- Home Energy Insurance
- akta.pro primary industry
- Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF)
- akta.pro secondary industries
- Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates) (EUAMAGAN), Resilience & Backup Power Solutions (Critical Facilities, Islanding) (EUAMAJAK)
Keywords
Where BetterWatts is headquartered
LocationHeadquarters
- HQ city
- Tempe
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BetterWatts business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Home Energy Insurance/Warranty: BetterWatts generates revenue through insurance premiums for 30-year warranty coverage on home solar and battery systems. Upon signing up, clients receive personalized policies tailored to their unique needs and the specifics of their battery-backed systems. Revenue is derived from ongoing premium payments, likely annual, for comprehensive coverage including parts, labor, and roof penetration protection.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Tailored 30-year warranty coverage for battery-backed energy systems |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
BetterWatts product offering
Product offeringCore offering
BetterWatts provides 30-year insurance and warranty coverage for residential renewable energy systems, specifically battery-backed solar panels, inverters, and home micro-grid installations. Homeowners receive personalized policies covering parts, labor, and roof penetration protection, with transferable coverage that follows the home when sold. The offering is backed by BetterWatts Insurance Company, Inc., providing financial stability independent of market conditions.
Product overview
BetterWatts offers a single unified warranty product—a 30-year limited home energy insurance policy—designed specifically for battery-backed solar power system owners. The core offering includes comprehensive protection for major system components (batteries, panels, inverters) with parts and labor included. Key modules include roof penetration warranty, transferable coverage to subsequent homeowners, and nationwide support. The company operates exclusively in home energy insurance and is a wholly-owned subsidiary of EverPower.AI.
Differentiator
Problem solved
Functional benefit
Products and services
- 30-Year Limited Warranty Coverage Comprehensive 30-year warranty covering major solar and battery system components (batteries, panels, inverters) against defects in materials and workmanship under normal use, including parts, labor, and limited travel for service. Designed for residential homeowners who have invested in battery-backed solar power systems.
Quantifiable outcome
- 30-year comprehensive warranty coverage on major system components
- +1 more outcomes
Companies that use BetterWatts
Customer profileSegments2 records
Ideal customer profiles1 record
BetterWatts technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
BetterWatts partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- OREQAcoreBetterWatts has an exclusive and strategic partnership with OREQA, the World leader in Home battery Micro-grids, renowned for breakthrough sustainable energy solutions for complete home independence from the Utility. The collaboration combines Oreqa's breakthrough technology with BetterWatts' specialized solar insurance to offer a unique, end-to-end solution for individuals and businesses seeking seamless transition to independent and resilient energy.
- SuntriacoreBetterWatts has an exclusive and strategic partnership with Suntria, a leading installer renowned for excellence in sustainable energy solutions. The collaboration combines Suntria's expertise in top-notch energy installations with BetterWatts' specialized insurance coverage to provide homeowners with a seamless residential energy transition experience.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
BetterWatts competitors and assessment
Company assessmentBroad incumbents
- Hippo Insurance: Tech-enabled homeowners insurance carrier that bundles home warranties and equipment breakdown coverage. Adjacent insurance-tech model that could expand into home energy coverage.
- Sunrun: Largest US residential solar installer offering integrated long-term warranty and service plans on installed systems. Comparable as a residential solar warranty provider with direct installer economics.
- American Home Shield: Largest US home warranty provider covering appliances, systems, and electronics. Comparable business model of subscription home warranty protection; potential competitor if it adds solar/battery coverage.
- Lemonade: Digital-first insurance carrier offering homeowners and renters policies with embedded coverage options. Comparable as a digital-first insurance innovator that could launch solar/battery add-ons.
- Sunnova Energy: National residential solar and storage provider with 25-year warranty coverage and service agreements. Comparable long-duration warranty product tied to solar/battery installations.
- Choice Home Warranty: National home warranty provider selling annual service contracts similar to BetterWatts' recurring premium model. Direct model-level comparability even if current product scope is broader.
- Cinch Home Services: Home warranty carrier offering bundled appliance, HVAC, and electronics protection on annual subscription terms. Comparable recurring-premium model for residential systems and appliances.
- HomeServe: Large home warranty and repair services provider with utility-partner distribution covering electrical, HVAC, and emerging home infrastructure lines. Comparable as a home warranty incumbent that could expand into battery coverage.
Emerging players
- Enphase Energy: Solar inverter and battery manufacturer with industry-leading 25-year equipment warranties on its microinverters and IQ batteries. Comparable as a technology provider whose embedded warranty competes with BetterWatts' aftermarket coverage.
Direct peers
- Solar Insure: Specialty insurance provider dedicated to residential and commercial solar systems, offering coverage similar to BetterWatts for defects, workmanship, and roof penetration. Most direct comparable in product scope and customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
BetterWatts financial estimates
Financial estimateRevenue estimate
Valuation estimate
BetterWatts leadership team
Management profileNumber of profiles
Profiles1 record
BetterWatts funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BetterWatts M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BetterWatts
What does BetterWatts do?
BetterWatts provides 30-year insurance and warranty coverage for residential renewable energy systems, specifically battery-backed solar panels, inverters, and home micro-grid installations. Homeowners receive personalized policies covering parts, labor, and roof penetration protection, with transferable coverage that follows the home when sold. The offering is backed by BetterWatts Insurance Company, Inc., providing financial stability independent of market conditions.
Is BetterWatts a public or private company?
BetterWatts is a private company. It is classified as corporate owned and is currently operating.
When was BetterWatts founded?
BetterWatts was founded in 2023. It employs 1 to 10 people.
Where is BetterWatts based?
BetterWatts is headquartered in Tempe, United States, in the North America region.
How does BetterWatts make money?
One revenue line is on record: home Energy Insurance/Warranty.
Who are BetterWatts's main competitors?
Broad incumbents on record are Hippo Insurance, Sunrun, American Home Shield, Lemonade, Sunnova Energy, Choice Home Warranty, Cinch Home Services and HomeServe. Enphase Energy is listed as an emerging player. Solar Insure is listed as a direct peer.
Does BetterWatts have an API?
No public API is recorded for BetterWatts.
What industry is BetterWatts in?
BetterWatts's product category is Home Energy Insurance. Its primary akta.pro industry code is HSAPAQAF, Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers), with a secondary code of EUAMAGAN, Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates).