Amergy Solar

What Amergy Solar does

Amergy Solar LLC is a privately held, founder-controlled solar and battery storage development platform headquartered in Monmouth Junction, New Jersey. Founded in 2009 by CEO Bill Wang as a residential solar business, the company has evolved into a vertically integrated clean energy platform that originates, develops, finances, builds, owns, and operates distributed solar PV and battery energy storage systems (BESS) across commercial, industrial, community solar, and institutional customer segments in New Jersey, New York, and California. The company reports a solar development pipeline of nearly 50 MW and approximately 400 MW of battery storage development rights secured or under agreement, anchored by completed projects including a 2 MW four-school New Jersey portfolio (December 2024), a 2 MW Branchburg commercial rooftop (May 2025), a New York City commercial rooftop (June 2026), and a 6.5 MW New Jersey community solar portfolio currently under construction.

Amergy's core offering combines three product lines (Community Solar, C&I Solar, and BESS) with five integrated service capabilities (Development & Origination, EPC Management, Financing & Ownership, Asset Operations & Maintenance, and Tax-Equity & ITC Monetization). The platform deploys HIT photovoltaic modules with remote performance tracking, and supports three customer-facing financing structures: Power Purchase Agreements (PPAs), Solar Leases (20-35 year tenors), and Direct Purchase. Amergy generates revenue through a mix of subscription-style recurring cash flows from owned and operated assets (PPAs and leases), one-time EPC and system sale fees, and project finance and tax equity transaction fees sourced from institutional investors, lenders, and government partners including NJEDA and Columbia Bank. The company serves a diversified customer base spanning industrial manufacturers, wholesale distributors, ice rinks and sports facilities, schools, community solar subscribers (renters, homeowners, SMBs), and institutional capital partners.

The go-to-market model is enterprise field sales with direct outreach to property owners, C&I customers, and institutional investors, supplemented by a developer and EPC partner channel for pipeline acquisition and a community solar subscriber recruitment motion in NJ, NY, and CA. Amergy's leadership team comprises founder/CEO Bill Wang, COO Vanessa Yao, CIO Jim DeCicco (formerly EVP at a NYSE-listed real estate firm), CCO Frank DeCicco, and VP of Operations Heather Keim. The business is described as having transitioned from a loss-making residential operator to consistent profitability under the current management team, though no revenue, ARR, or valuation figures are publicly disclosed. Strategic positioning emphasizes aligned long-term asset ownership, federal 30% ITC plus accelerated MACRS depreciation monetization, and first-mover status under the NJEDA New Jersey Clean Energy Loans program as a New Jersey-certified minority-owned company.

Name

Amergy Solar

Legal name

Amergy Solar LLC

Website

https://amergysolar.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Amergy Solar is a New Jersey-based, founder-controlled developer, owner, and operator of distributed solar PV and battery energy storage systems for commercial, industrial, community solar, and institutional customers across New Jersey, New York, and California.

Ownership category

akta.pro rank

Product category

Commercial Solar Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Commercial solar development
• Battery energy storage
• Community solar programs
• Solar project financing
• Renewable energy infrastructure

Headquarters

HQ city

Princeton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Power Purchase Agreement (PPA): Amergy builds, owns, and operates solar systems on customer properties. Customers pay for clean electricity generated at rates lower than utility bills, with zero upfront capital required. Amergy claims federal ITC and MACRS depreciation benefits and prices them into the rate.
2. Solar Lease (Roof/Land Lease): Amergy builds, owns, and operates solar systems on customer properties. Property owners receive steady rental income for hosting the system with no capital outlay or involvement required. Lease terms typically span 20-35 years.
3. Direct Purchase / System Sale: Customers buy solar systems outright or with financing. They own the system, collect tax savings (30% ITC plus accelerated MACRS), and keep 100% of energy bill savings. Customers include industrial manufacturers, cold-storage facilities, ice rinks, retail centers, and municipal subscribers.
4. Project Finance & Tax Equity: Amergy structures tax equity, ITC transferability, and debt for project financing. Works with institutional investors, lenders, and tax equity partners to close sophisticated project financings. Capital deploys at notice-to-proceed with unlevered project IRRs sized to current market.
5. Asset Ownership & Operations: Long-term ownership of solar and storage assets generating contracted cash flows. Amergy maintains asset operations, monitoring, and maintenance for decades of dependable performance, distributing cash flows to investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Amergy Solar is a vertically integrated solar and battery storage development platform that develops, finances, builds, owns, and operates clean energy assets. The company delivers turnkey commercial, industrial, community solar, and energy storage projects under multiple financing structures including Power Purchase Agreements (PPA), Solar Leases, and Direct Purchase. Core capabilities span project origination, EPC management, tax equity structuring, long-term asset ownership, and operations and maintenance.

Product overview

Amergy Solar operates as an integrated solar and battery storage development platform combining development, EPC management, financing, ownership, and operations. The platform offers three primary products: Community Solar enabling subscribers to access solar without rooftop installations, C&I Solar for commercial and industrial installations, and BESS for battery energy storage. These are supported by service modules including Development & Origination, EPC Management, Tax-Equity & ITC Monetization, and Asset Operations & Maintenance. The company offers three financing structures: PPA (Pay For The Power), Solar Lease, and Direct Purchase, enabling customers to adopt solar with or without upfront capital.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Solar Community solar program enabling subscribers including renters, homeowners, businesses, and communities to benefit from solar power without installing panels on their own properties. Amergy develops, owns, and operates the community solar projects and delivers bill credits to subscribers across NJ, NY, and CA markets.
• C&I Solar Commercial and industrial solar solutions including rooftop, ground mount, and canopy installations for businesses, schools, industrial manufacturers, cold-storage facilities, retail centers, and other organizations. Provides on-site solar generation to reduce and stabilize energy costs.
• Battery Energy Storage Systems (BESS) Battery energy storage systems delivered both co-located with solar assets and standalone, capturing capacity markets, arbitrage opportunities, and grid services revenue. Approximately 400 MW of battery storage development rights are secured or under agreement.
• Power Purchase Agreement (PPA) Pay-for-power financing structure in which Amergy builds, owns, and operates the solar system on a customer's property. The customer pays a monthly rate for the electricity generated that is lower than the local utility rate, with zero upfront capital required and no maintenance obligations.
• Solar Lease (Roof/Land Lease) Lease structure in which property owners lease unused roof or land to Amergy for 20-35 years. Amergy builds, owns, and operates the solar system while the property owner receives steady rental income without capital outlay or operational involvement.
• Direct Purchase (System Sale) Outright purchase or financed acquisition option in which the customer owns the solar system and collects the federal 30% ITC plus accelerated MACRS depreciation benefits while keeping 100% of the energy bill savings.
• Tax Equity & ITC Monetization Structured equity, debt, and Investment Tax Credit transferability services for institutional investors, lenders, and tax equity partners. Structures tax-equity and back-leverage transactions for project financings to maximize after-tax returns.
• Asset Operations and Maintenance Long-term asset operations, monitoring, and maintenance services delivered across the full life of every solar and storage project, protecting performance, value, and contracted cash flows for decades.

Quantifiable outcome

• Projects completed in 40-50 days versus industry standard of 2-3 months through process automation
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Sunstone CreditminorGTM or Marketing Partner · 30 May 2024Amergy Solar participated in the 2024 Sunstone Credit Partner Summit held May 21-23 at EAST Miami. The summit brought together industry professionals for panels, presentations, and networking opportunities in commercial solar. Amergy engaged with industry peers to exchange ideas and explore potential partnerships within the solar industry ecosystem.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Altus Power: Public C&I and community solar developer, owner, and operator with a vertically integrated platform spanning origination, financing, construction, and long-term asset ownership — the closest analog to Amergy's business model, including C&I PPAs and community solar subscriber programs in the Northeast U.S.
• Pivot Energy: Community solar developer and operator with a developer/owner model across multiple U.S. states. Comparable to Amergy's community solar subscriber business and full-lifecycle development capabilities, and actively competing in Northeast community solar markets.
• Nautilus Solar Energy: C&I and community solar developer/owner/operator with a pipeline-and-platform model structured to develop, finance, and own distributed solar projects across U.S. states. Directly comparable to Amergy's combination of distributed development, project finance, and long-term asset ownership.
• Standard Solar: C&I solar developer, EPC, and long-term asset owner with a financing/leasing platform and operating rooftop/ground-mount portfolio. Operates in adjacent Northeast geographies and serves a similar property-owner and C&I customer base with a comparable full-lifecycle offering.
• Forefront Power: Community and C&I solar developer and asset owner with a development-to-ownership platform backed by Actis. Operates a directly comparable subscription-based community solar and PPA-based C&I business, and competes for similar developer and EPC partnership inflows.
• CleanCapital: Specialty finance and ownership platform that acquires, finances, and operates distributed solar and storage assets. Direct comparison to Amergy's asset-ownership and project-finance streams, with a similar focus on institutional-grade project capital and back-leverage structuring.

Broad incumbents

• Sunrun: U.S. residential solar and storage leader that has expanded into commercial and adjacent markets with broader scale and balance sheet. Comparable as an established owner-operator platform competing for distributed-solar customers and capital, but at materially greater scale and with different primary focus.
• Tesla Energy: Tesla's solar and energy storage business — a large-scale incumbent in distributed generation and behind-the-meter energy products including Solar Roof, Powerwall, and Mega Pack. Comparable as a competitor in the same broader C&I and distributed-storage end-markets, but with significantly broader product and capital base.
• Engie Distributed Solar & Storage: Engie's distributed renewable generation arm operating C&I solar and community-solar projects across multiple U.S. states. Comparable broader-incumbent player with similar distributed-solar and storage development activity at utility-parent scale.
• Clearway Energy Group: NYSE-listed owner and developer of renewable energy generation assets with C&I and utility-scale distributed operations. Comparable as a competing long-term solar/storage asset owner and tax-equity-funded developer but operating primarily at utility scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/amergysolar
• Facebookfacebook.com/AmergySolar
• LinkedInlinkedin.com/company/amergy-solar
• Instagraminstagram.com/amergysolar

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amergy Solar