Solar Power Network

What Solar Power Network does

Solar Power Network (SPN) is a privately-held Canadian company founded in 2009 by Peter Goodman and headquartered in Toronto that engineers, builds, and operates onsite solar photovoltaic (PV) systems for commercial and industrial building owners across Canada, the United States, Japan, and Australia. Its core offering is an end-to-end onsite solar service covering site survey, preliminary design, economic modeling, engineering, permitting, construction, grid connection, and ongoing monitoring and maintenance, with optional battery storage integration for up to 100% carbon offset. SPN claims a proprietary engineering approach that achieves +120% energy production per square foot versus the industry average and a 95% as-is structural qualification rate on roof structures, positioning performance and site-eligibility as the principal technical differentiators.

The company sells under three engagement structures designed to fit different customer capital profiles: an Asset Purchase (one-time cash sale with full ownership transfer), a Power Purchase Agreement (PPA) where SPN retains ownership and the customer buys electricity at a fixed per-kWh rate, and a Solar Lease (fixed rental payments for system access). The PPA and lease structures create recurring multi-year revenue streams, while asset purchases generate lumpy project revenue. Customer acquisition is driven by direct enterprise field sales supplemented by a website, case studies, and partner-led referrals, with dedicated regional contact channels for North America and Japan.

Solar Power Network has accumulated 678 commercial and industrial buildings and 380MW of contracted and installed generation since inception, making it one of the larger pure-play onsite C&I solar specialists by project count. Customer evidence is concentrated in Ontario (Reko International Group, R.J. Cyr, Lakeshore Cinema, Arlen Tool/PM Plastics, Jamieson Laboratories, Plaza Ontario), with notable Japan installations in Fuji City. The company is founder-owned, has no disclosed institutional or private equity backing, and operates without a public listing.

Name

Solar Power Network

Legal name

Solar Power Network Inc.

Website

https://solarpowernetwork.ca

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Solar Power Network is a privately-held Toronto-based solar EPC founded in 2009 that designs, builds, finances, and operates onsite solar PV and battery storage systems for commercial and industrial building owners across Canada, the US, Japan, and Australia, with 380MW installed across 678 buildings.

Ownership category

akta.pro rank

Product category

Commercial and Industrial Solar Installation Services

NAICS

Solar Electric Power Generation (221114)

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)

Keywords

• Commercial solar installations
• Industrial solar solutions
• Onsite photovoltaic systems
• Solar power purchase agreements
• Rooftop solar engineering

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Purchase: One-time cash purchase model where building owners acquire the solar system outright. Building owner assumes all risks and benefits associated with system ownership, avoiding third-party financing costs.
2. Power Purchase Agreement (PPA): Building owner 'hosts' a solar array on their building. Instead of paying the local utility for electricity, they agree on a fixed electricity rate per kilowatt-hour with Solar Power Network. This provides predictable, fixed electricity costs compared to unpredictable grid prices.
3. Solar Lease: Building owner rents a solar array for regular fixed payments. Leases generally offer lower cost of financing compared to other arrangements, providing predictable ongoing costs for the customer.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Solar Power Network engineers, designs, builds, and operates onsite solar photovoltaic systems for commercial and industrial building owners in Canada, the United States, Japan, and Australia. The offering covers the full lifecycle from site survey and economic modeling through permitting, construction, grid connection, and ongoing monitoring and maintenance, and is delivered through three engagement models — Asset Purchase, Power Purchase Agreement (PPA), or Solar Lease — tailored to customer financial preferences. Optional battery storage enables up to 100% carbon offset for customers.

Product overview

Solar Power Network is a solar energy solutions provider offering a comprehensive onsite solar installation service for commercial and industrial buildings. Their core offering consists of end-to-end solar system services (design, build, operate) combined with three flexible financing models: Asset Purchase (cash buy), Power Purchase Agreement (PPA), and Solar Lease. The company operates across Canada, United States, Japan, and Australia, serving building owners who want to generate their own clean power. They engineer solutions for rooftops, carports, and green spaces, helping businesses reduce electricity costs, carbon emissions, and grid dependence.

Differentiator

Problem solved

Functional benefit

Products and services

• Onsite Solar Installation Services

Quantifiable outcome

• Reduces electricity costs through fixed-rate solar power for the life of the installation
• +3 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• SilfabcoreTechnology or IntegrationSilfab is a manufacturer of high-efficiency solar panels based in Mississauga, Canada. Solar Power Network uses Silfab panels extensively across their installation projects, including Reko International Group (4,224 panels), R.J. Cyr (988 panels), Lakeshore Cinema (1,092 panels), Arlen Tool/PM Plastics (1,688 panels), and Jamieson Laboratories (2,300 panels).
• Q CELLScoreTechnology or IntegrationQ CELLS appears as a partner logo in Solar Power Network's partner section, indicating an established working relationship in the solar technology space. Q CELLS is a major solar module manufacturer.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Borrego Solar: Borrego Solar is a US-based commercial and industrial solar EPC and PPA provider — a direct competitor to SPN with a similar DBOO model, in-house financing (lease/PPA), and broad utility-scale + rooftop portfolio.
• REC Solar (Solar Landscape): REC Solar (now part of Solar Landscape) is a commercial and industrial solar EPC and PPA originator for commercial building owners — directly comparable to SPN's rooftop solar, third-party ownership, and PPA structure.
• Ameresco: Ameresco is a publicly-listed energy services and renewable EPC firm developing C&I solar, storage, and energy efficiency projects for building owners — comparable to SPN's end-to-end onsite solar + storage value proposition.
• Pivot Energy: Pivot Energy develops, finances, and operates C&I and community solar projects with PPAs across North America — closely aligned with SPN's DBOO model and multi-state/multi-country roll-out strategy.
• AP Solar / Goldray Industries solar arm: AP Solar Energy is an Alberta-based solar EPC focused on commercial and industrial buildings, operating in the same Canadian market with similar rooftop and PPA offerings as Solar Power Network.

Broad incumbents

• SunPower: SunPower is a larger US-based solar installer and financier offering residential and commercial rooftop PV plus PPA/lease products — overlapping with SPN's C&I rooftop + financing model but at meaningfully greater scale.
• Enphase Energy: Enphase is a leading microinverter/MLPE and battery storage supplier — directly enables the same C&I rooftop + storage architecture SPN designs and is a natural partnership/comparison for onsite PV + battery solutions.
• Canadian Solar: Canadian Solar is one of the world's largest solar module manufacturers with C&I and utility project development — comparable to SPN's C&I solar development footprint and uses similar panel supply chain partners.
• Tesla Energy (Solar/Powerwall): Tesla's energy business offers commercial and industrial-scale solar and battery storage (Powerwall, Megapack) — an adjacent incumbent spanning the same onsite generation + storage value proposition as SPN.

Others

• Hanwha Q CELLS: Hanwha Q CELLS is a major solar panel manufacturer and an existing SPN partner (Q CELLS logo appears on partner page) — directly relevant as a module supplier and benchmark for panel procurement economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/solar-power-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Solar Power Network