Sungevity
Sungevity is a U.S. residential solar services company that designs and installs home rooftop PV systems using proprietary remote solar design technology, serving individual homeowners across multiple U.S. states including Hawaii.
- Company typePrivate
- Founded2020
- HeadquartersOakland, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Sungevity does
Sungevity is a U.S.-based residential solar services company founded in 2007 and headquartered in Oakland, California. The company developed and operated remote solar design and installation services for home solar electric systems, using proprietary remote-assessment technology (aerial and satellite imagery-based design tools) to size, price, and propose rooftop PV systems to homeowners without requiring an initial on-site visit. Its core go-to-market was a digital lead generation and remote sales funnel targeting individual U.S. residential customers rather than commercial or utility-scale buyers.
The company's business model combined a project-based installation revenue stream with longer-duration solar lease and power purchase agreement (PPA) structures, evidenced by the $50M December 2015 round led by Apollo and MidCap, which are providers of structured credit financing typically used to fund customer-side solar finance portfolios. Sungevity was previously listed on NASDAQ under the ticker SGVT and is now reported as delisted, with 501-1000 employees per input data. Across its operating history the company completed 11 disclosed funding rounds totaling roughly $324M and executed four acquisitions between August 2017 and September 2018 (Solar Spectrum, Horizon Solar Power, Hawaii Energy Connection, and E-Gear) consistent with a regional roll-up and product-line extension strategy.
Sungevity firmographics
Firmographics- Name
- Sungevity
- Legal name
- Socolive TV
- Website
- https://sungevity.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Sungevity is a U.S. residential solar services company that designs and installs home rooftop PV systems using proprietary remote solar design technology, serving individual homeowners across multiple U.S. states including Hawaii.
- Ownership category
- akta.pro rank
Sungevity industry classification
Industry- Product category
- Residential Solar Installation
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)
Keywords
Where Sungevity is headquartered
LocationHeadquarters
- HQ city
- Oakland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sungevity business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Advertising Revenue: The platform generates revenue through advertising partnerships. The platform is positioned as free for users but features ads from partner brands. Despite marketing a 'clean ads' commitment with minimal pop-up interference, the platform maintains advertising relationships with gambling/casino platforms (8XBET).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Access - Full HD Streaming |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
Sungevity product offering
Product offeringCore offering
Sungevity develops remote solar designs and provides installation services for home solar electric systems. The company sells and installs residential rooftop photovoltaic systems to homeowners, using remote design tools to generate system plans and then dispatching installation crews to deploy the panels. The business encompasses project sales, system design, permitting, and on-site installation of solar electric equipment for residential properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Remote Solar Design Service
- Home Solar Electric System Installation
Quantifiable outcome
- 1.2 million average visits, outperforming competitors like Cakhia TV (1M), Caheotv (800k), Vaoroi (800k), and RakhoiTV (800k)
Companies that use Sungevity
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Sungevity technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Sungevity partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- 8XBETminor8XBET is a gambling/betting platform that partners with Socolive TV for cross-promotional activities. The partnership involves banner advertisements on Socolive's website and redirect links. This partnership represents advertising revenue generation for Socolive while providing 8XBET access to Socolive's large user base of sports enthusiasts.
Scale indicators6 records
Recent moves6 records
Expansion highlights2 records
Sungevity competitors and assessment
Company assessmentOthers
- Aurora Solar: Cloud-based solar design and sales platform used by residential and commercial installers. Enabling/adjacent peer to Sungevity's remote design approach rather than a direct competitor in installation.
- Enphase Energy: Microinverter and energy storage system provider widely used in residential solar installations. Enabling/adjacent peer that benefits from the same residential solar adoption curve Sungevity targets.
Broad incumbents
- Tesla Energy (formerly SolarCity): Residential and commercial solar plus energy storage offering, integrated with Tesla's broader EV and battery ecosystem. Scaled incumbent that defined the modern residential solar lease model SolarCity pioneered.
Direct peers
- Blue Raven Solar: U.S. residential solar installer offering in-house financing options. Direct peer to Sungevity in target customer and installer-led sales motion, with strong presence in the western U.S.
- Sunrun: U.S. residential solar lease/PPA originator and installer, now including Vivint Solar. Direct competitor to Sungevity in rooftop solar subscription models and customer financing structures.
- Trinity Solar: Privately held U.S. residential solar installer with multi-state operations. Comparable in business model (rooftop solar installation for homeowners) and similar scale tier to Sungevity.
- Momentum Solar: Direct-to-consumer residential solar installer operating across multiple U.S. states. Closely comparable to Sungevity in customer segment, sales motion, and installation-led service model.
- Vivint Solar: Residential solar lease/PPA installer. Direct peer to Sungevity in target customer (homeowners), financing structure (PPA/lease), and go-to-market (in-home consultation). Subsequently acquired by Sunrun.
- Sunpro Solar (now ADT Solar): Residential solar installer with door-to-door sales motion and PPA/loan offerings. Direct competitor to Sungevity in customer acquisition channels and contract structures.
- SunPower: Vertically integrated solar manufacturer and residential installer. Comparable to Sungevity in the residential solar channel while adding upstream module manufacturing capability.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Sungevity social profiles
Digital presenceSungevity financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sungevity leadership team
Management profileNumber of profiles
Sungevity funding detail
Funding detailFunding overview
Funding rounds11 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sungevity M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sungevity
What does Sungevity do?
Sungevity develops remote solar designs and provides installation services for home solar electric systems. The company sells and installs residential rooftop photovoltaic systems to homeowners, using remote design tools to generate system plans and then dispatching installation crews to deploy the panels. The business encompasses project sales, system design, permitting, and on-site installation of solar electric equipment for residential properties.
Is Sungevity a public or private company?
Sungevity is a private company. It is classified as venture growth investor backed and is currently operating.
When was Sungevity founded?
Sungevity was founded in 2020. It employs 501 to 1,000 people.
Where is Sungevity based?
Sungevity is headquartered in Oakland, United States, in the North America region.
How does Sungevity make money?
One revenue line is on record: advertising Revenue.
Who are Sungevity's main competitors?
Others on record are Aurora Solar and Enphase Energy. Tesla Energy (formerly SolarCity) is listed as a broad incumbent. Direct peers are Blue Raven Solar, Sunrun, Trinity Solar, Momentum Solar, Vivint Solar, Sunpro Solar (now ADT Solar) and SunPower.
Does Sungevity have an API?
No public API is recorded for Sungevity.
What industry is Sungevity in?
Sungevity's product category is Residential Solar Installation. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro). Its NAICS code is 221114 and its SIC code is 4991.