EverBright
EverBright is a U.S. residential solar and battery financing company, wholly owned by NextEra Energy, that offers zero-upfront PPAs, leases, and installment contracts to homeowners and an integrated design-to-financing software platform to solar installer partners across 16 states.
- Company typePrivate
- Founded2021
- HeadquartersNewport Beach, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What EverBright does
EverBright is a residential solar and battery financing company founded in 2021 as a wholly-owned subsidiary of NextEra Energy, Inc. (a Fortune 200 utility and the world's largest generator of wind and solar energy). The company originates Power Purchase Agreements (PPA — EverFixed, EverFlex, and California-specific Shift PPA), solar leases, and Retail Installment Contracts (RIC / EverOwn) for U.S. homeowners, typically on 25-year terms with zero upfront cost. It also operates a B2B software platform (engine.goeverbright.com) that gives solar installers and sales professionals an integrated environment for lead management, system design with HD imagery and automated shade analysis, white-label proposal generation, soft-credit pre-qualification, e-signature, and milestone-based payment processing. The platform's design and proposal capabilities came in via the February 2022 merger with Sighten, Inc.
EverBright serves two primary customer segments in parallel. On the consumer side, individual homeowners in 16 active U.S. states access financing directly through goeverbright.com and manage their agreements through the MyEverBright mobile and web app. On the partner side, small and mid-sized solar installers use EverBright's platform to design, finance, and close residential installations; named partners include Avvio Solar, Generation Solar, Green Light Solar, and Highlands Energy. Multiple wholly-owned financing LLCs (EverBright R1, R2, and Financing 2023) sit underneath the operating company, each holding separate NMLS IDs to support the portfolio. Battery storage is sold as an add-on or as part of the bundled Shift PPA, reflecting the post-NEM 3.0 shift toward storage in California.
The business model is a hybrid of recurring long-duration consumer receivables and B2B platform usage. Revenue is generated through (a) monthly payments from homeowners under PPA, lease, and RIC contracts that typically span 25 years, (b) implicit yield on systems EverBright owns and resells power from, and (c) platform and processing fees paid by installer partners. Pricing is not publicly disclosed; contract rates include annual escalators on PPAs and zero upfront cost across all consumer options. EverBright emphasizes a 25-year performance guarantee, free repairs and replacement, and an A+ BBB rating as customer-facing differentiators, while its strategic differentiation rests on the combination of NextEra's balance sheet, the Sighten-derived design software, and the multi-channel installer network.
EverBright firmographics
Firmographics- Name
- EverBright
- Legal name
- EverBright, LLC
- Website
- https://goeverbright.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- EverBright is a U.S. residential solar and battery financing company, wholly owned by NextEra Energy, that offers zero-upfront PPAs, leases, and installment contracts to homeowners and an integrated design-to-financing software platform to solar installer partners across 16 states.
- Ownership category
- akta.pro rank
EverBright industry classification
Industry- Product category
- Residential Solar Financing
- NAICS
- Solar Electric Power Generation (221114), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- DER Financing, Leasing & Billing Platforms (TPO, PPA, On-Bill) (EUAMAJAJ)
- akta.pro secondary industries
- Retail & Community PPAs (Community Solar/Shared Renewables) (EUAGADAC), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)
Keywords
Where EverBright is headquartered
LocationHeadquarters
- HQ city
- Newport Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
EverBright business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Power Purchase Agreement (PPA) Revenue: Homeowners pay a set rate per kWh for electricity produced by solar panels owned by EverBright. Payments are based on projected average monthly energy production (EverFixed) or actual power generation (EverFlex). Contracts typically span 25 years with annual rate escalators. EverBright retains ownership of the system and handles maintenance.
- Solar Lease Revenue: Homeowners make monthly payments for use of the solar system based on total system cost rather than energy production. Available in states where PPAs are unavailable. EverBright owns and maintains the system. 25-year contract terms.
- Retail Installment Contract (RIC) Revenue: Homeowners finance and own the solar system through installment payments over time (typically 10-25 years). Customer assumes ownership and maintenance responsibilities but may be eligible for tax credits and increased property value. EverBright provides financing.
- Platform/SaaS Fees from Partners: Solar installers and sales professionals pay for access to EverBright's platform to manage customer relationships, design systems, create proposals, and process financing. Partners benefit from efficient milestone payment processing and professional document generation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | EverFixed PPA - Fixed monthly payments based on estimated annual kWh production |
| Usage-based | Monthly | EverFlex PPA - Performance-based payments for actual energy production |
| Subscription | Monthly | Shift PPA - California-specific PPA with non-backup battery |
| Subscription | Monthly | Solar Lease - Monthly payments based on total system cost |
| One time/ perpetual license | Monthly | Retail Installment Contract (RIC/EverOwn) - Customer-owned financing |
| Subscription | Monthly | Battery Storage Add-on |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
EverBright product offering
Product offeringCore offering
EverBright provides residential solar and battery financing solutions to homeowners through Power Purchase Agreements (PPAs), solar leases, and Retail Installment Contracts (RICs/EverOwn), typically with zero upfront cost and 25-year terms. The company also operates a B2B cloud-based platform that enables solar installers and sales professionals to design solar systems, generate proposals, process financing applications, and manage projects end-to-end. Founded in 2021 by NextEra Energy, the company owns and maintains the solar systems for PPA/lease customers and offers proprietary design and proposal software acquired through the 2022 merger with Sighten.
Product overview
EverBright is a solar financing solutions company founded in 2021 (backed by NextEra Energy, a Fortune 200 company) that operates both as a B2C financing provider and a B2B software platform. The consumer-facing offerings include Home Solar Solutions and Home Battery Solutions, available through multiple financing structures: Power Purchase Agreements (EverFixed PPA, EverFlex PPA, Shift PPA), Solar Lease, and Retail Installment Contracts (EverOwn). The MyEverBright App provides customers with performance tracking, billing, and support. For installer partners, the EverBright Partner Platform (engine.goeverbright.com) offers an all-in-one solution combining sales lead management, solar system design, custom white-label proposals, and project operations. The Design Desk provides free professional design services. The platform's capabilities were significantly enhanced through the 2022 merger with Sighten, which brought proprietary solar design and proposal software into the ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Solar Solutions Residential solar financing and installation offering zero upfront costs through PPA, lease, or retail installment contract (RIC) options, with performance guarantees and 25-year service protection for homeowners.
- Home Battery Solutions Battery storage systems bundled with solar to provide backup power during outages, enable energy storage for nighttime use, and maximize utility bill savings through time-of-use optimization.
- MyEverBright App Customer-facing mobile and web application enabling homeowners to track solar and battery performance, manage agreements, view billing, make payments, and access support.
- EverBright Partner Platform Cloud-based B2B platform for solar installers and sales professionals providing lead management, solar system design, white-label proposals, financing processing, and project milestone tracking.
- Power Purchase Agreement (PPA) Third-party-owned financing product where EverBright owns, installs, and maintains the solar system; the homeowner purchases the power generated at a fixed $/kWh rate with an annual escalator, typically over 25 years.
- Solar Lease Third-party-owned financing where EverBright owns and maintains the solar system and the homeowner pays monthly based on the total system cost rather than its production; available in states where PPAs are not offered; 25-year term.
- Retail Installment Contract (RIC / EverOwn) Customer-owned financing product where the homeowner finances the purchase of the solar system over time (typically 10-25 years), owns the equipment, and is eligible for tax credits and increased property value.
- Design Desk Free professional solar design service for installer partners that produces complete solar proposals, with designs returned in under 30 minutes using HD imagery, production validation, and automated shade analysis.
- Shift PPA California-specific PPA that pairs solar panels with a non-backup self-consumption battery to capitalize on California's time-of-use rates under the NEM 3.0 net billing structure; 25-year term.
Quantifiable outcome
- Solar panels can increase home value by approximately 4.1%
- +4 more outcomes
Companies that use EverBright
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
EverBright technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
EverBright partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SightencoreSighten merged into EverBright, combining EverBright's flexible financial products with Sighten's proprietary solar design and proposal software. Sighten had provided innovative solar software supporting the entire sales workflow from initial lead to installation for over a decade. The merged company offers an all-in-one, easy-to-use platform for installers and homeowners. Mariya Nomanbhoy, former COO of Sighten, became EverBright's COO following the merger.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
EverBright competitors and assessment
Company assessmentDirect peers
- PosiGen: Residential solar, battery, and energy efficiency provider targeting middle-income homeowners with lease and PPA structures. Comparable in target customer segment and zero-upfront financing model.
- Sunnova Energy International: Residential solar and battery service provider offering PPAs, leases, and loan products. Closely comparable business model with nationwide footprint and similar focus on long-term homeowner energy agreements.
- Dividend Finance: Provider of solar loan and PPA financing to residential installers. Comparable as a partner-channel financing platform with similar loan/PPA structures and installer integrations.
- Aurora Solar: Cloud-based solar design and sales platform for residential and commercial installers. Directly comparable as the Sighten-equivalent design and proposal tool EverBright competes with for installer mindshare.
- Mosaic: Solar and home improvement financing platform serving installers and homeowners. Directly comparable as a financing technology provider integrated into the solar sales workflow.
- Sunrun: Largest U.S. residential solar installer and PPA/lease provider. Directly comparable as a residential solar subscription and financing business serving homeowners with similar PPA, lease, and RIC structures.
- GoodLeap (fka Loanpal): Leading point-of-sale financing platform for residential solar and home improvement. Comparable as the dominant solar lender serving installer partners nationwide with similar payment-plan structures.
Emerging players
- OpenSolar: Free, end-to-end solar design, sales, and project management platform. Comparable as an integrated design-to-financing workflow tool targeting the same installer partner base.
Broad incumbents
- FranklinWH / Enphase Energy (financing programs): Enphase offers installer financing programs for residential solar and battery systems. Comparable as a broader energy ecosystem participant intersecting residential solar financing and battery attach economics.
- Spruce Power: Residential solar subscription and ownership platform with a portfolio of long-duration solar contracts. Comparable as an operator of residential solar cash flow streams and subscriber relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
EverBright social profiles
Digital presenceEverBright financial estimates
Financial estimateRevenue estimate
Valuation estimate
EverBright leadership team
Management profileNumber of profiles
Profiles3 records
EverBright subsidiaries and ownership
Company hierarchySubsidiaries4 records
EverBright funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EverBright 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 EverBright
What does EverBright do?
EverBright provides residential solar and battery financing solutions to homeowners through Power Purchase Agreements (PPAs), solar leases, and Retail Installment Contracts (RICs/EverOwn), typically with zero upfront cost and 25-year terms. The company also operates a B2B cloud-based platform that enables solar installers and sales professionals to design solar systems, generate proposals, process financing applications, and manage projects end-to-end. Founded in 2021 by NextEra Energy, the company owns and maintains the solar systems for PPA/lease customers and offers proprietary design and proposal software acquired through the 2022 merger with Sighten.
Is EverBright a public or private company?
EverBright is a private company. It is classified as corporate owned and is currently operating.
When was EverBright founded?
EverBright was founded in 2021. It employs 51 to 100 people.
Where is EverBright based?
EverBright is headquartered in Newport Beach, United States, in the North America region.
How does EverBright make money?
Four revenue lines are on record. Power Purchase Agreement (PPA) Revenue is the primary driver. The others are solar Lease Revenue, retail Installment Contract (RIC) Revenue and platform/SaaS Fees from Partners.
Who are EverBright's main competitors?
Direct peers on record are PosiGen, Sunnova Energy International, Dividend Finance, Aurora Solar, Mosaic, Sunrun and GoodLeap (fka Loanpal). OpenSolar is listed as an emerging player. Broad incumbents are FranklinWH / Enphase Energy (financing programs) and Spruce Power.
Does EverBright have an API?
No public API is recorded for EverBright.
What industry is EverBright in?
EverBright's product category is Residential Solar Financing. Its primary akta.pro industry code is EUAMAJAJ, DER Financing, Leasing & Billing Platforms (TPO, PPA, On-Bill), with a secondary code of EUAGADAC, Retail & Community PPAs (Community Solar/Shared Renewables). Its NAICS code is 221114 and its SIC code is 7371.