Evergreen Solar
Evergreen Solar Inc. is a privately held residential solar installer headquartered in Pawtucket, Rhode Island, serving homeowners in MA, RI, CT, NJ, and PA with QCell panels, Enphase micro-inverters, and bundled roof-plus-solar financing under a no-pressure inside-sales model.
- Company typePrivate
- Founded2020
- HeadquartersProvidence, United States
- Headcount11–50
- GTM typeB2C
- OfferingHardware or Manufacturing
What Evergreen Solar does
Evergreen Solar Inc. is a privately held residential solar installation company headquartered in Pawtucket, Rhode Island, founded in 2020 by Brian Fabiano. The company sells and installs grid-tied photovoltaic systems for homeowners in the Northeast United States (Massachusetts, Rhode Island, Connecticut, New Jersey, and Pennsylvania), using QCell 435W black-on-black panels manufactured in Georgia and Enphase IQ-8 micro-inverters deployed per panel for individual monitoring, paired with 25-year equipment and performance warranties.
The core offering consists of three solar financing structures: direct ownership ($0 down, eligible for the 30% federal tax credit), monthly leases (fully transferable at sale), and Power Purchase Agreements. The company has expanded this base with the Solar+ Bundles program (2025) and the Roof + Solar Bundle (2025), which integrate roof replacement, hot tubs, siding, and windows into a single project with unified warranties (50-year roof, 25-year solar) and consolidated financing. The Incentive-Backed Solar program automates federal incentive application directly into the customer's plan.
Evergreen Solar operates a direct-to-consumer, education-led inside-sales model: a small team of Solar Pros runs a three-step process (Discovery Call, System Design, Savings Review) with no door-to-door sales force, standardized transparent pricing, and fixed proposal terms. Marketing is primarily digital (SEO, Google/Meta/TikTok/Microsoft Ads), supplemented by referral channels such as the Green Paws Initiative with animal rescue partners and the One Tree Planted environmental partnership. The company claims 2,000+ projects completed, an average 42% reduction in customer electricity spend, and 30-50% Day 1 savings versus typical utility bills.
Evergreen Solar firmographics
Firmographics- Name
- Evergreen Solar
- Legal name
- Evergreen Solar Inc.
- Website
- https://goevergreen.solar
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Evergreen Solar Inc. is a privately held residential solar installer headquartered in Pawtucket, Rhode Island, serving homeowners in MA, RI, CT, NJ, and PA with QCell panels, Enphase micro-inverters, and bundled roof-plus-solar financing under a no-pressure inside-sales model.
- Ownership category
- akta.pro rank
Evergreen Solar industry classification
Industry- Product category
- Residential Solar Installation
- NAICS
- Roofing Contractors (23816)
- SIC
- Asphalt Paving & Roofing Materials (2950)
- akta.pro primary industry
- Solar Roofing & Roof-Mounted PV Systems (IMADAFAO)
- akta.pro secondary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
Keywords
Where Evergreen Solar is headquartered
LocationHeadquarters
- HQ city
- Providence
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Evergreen Solar business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Solar Panel System Sales and Installation: Revenue generated from selling and installing solar panel systems to homeowners. Offers multiple financing structures including ownership (with or without $0 down), leasing, and Power Purchase Agreements (PPAs). Customers replace their electric bill with a lower, locked-in solar payment.
- Solar Leasing: Monthly lease payments for solar panel systems. No money down required. Lower monthly payment than ownership option but panels do not transfer to homeowner at end of term. Fully transferable to new homeowners.
- Power Purchase Agreements (PPAs): Customer purchases electricity generated by panels at a fixed rate from Evergreen. Does not own panels. Rate is typically lower than utility company rates.
- Roof + Solar Bundle: Integrated roof replacement and solar installation as a single project. Roof cost incorporated into overall solar project financing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | $0 Down Solar Programs |
| Hybrid | Monthly | Roof + Solar Bundle |
| Subscription | Monthly | Solar Lease Option |
| One time/ perpetual license | Multi-year contract | Solar Ownership/Purchase |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Evergreen Solar product offering
Product offeringCore offering
Evergreen Solar sells and installs residential rooftop solar panel systems for homeowners in the Northeast US using premium QCell 435W panels and Enphase IQ-8 micro-inverters with 25-year warranties. Customers can finance through ownership ($0 down, 1.49% APR), leasing, or Power Purchase Agreements (PPAs). The company also bundles solar with roof replacement and other exterior home upgrades (Solar+ Bundles) and handles federal incentives directly through its Incentive-Backed Solar program.
Product overview
Evergreen Solar is a residential solar installation company offering a comprehensive solar-as-a-service portfolio anchored by QCell solar panels and Enphase IQ-8 micro-inverters. The core offering consists of solar panel installation services with premium equipment and 25-year warranties. The company differentiates through bundled offerings: Solar+ Bundles combine solar with exterior home upgrades (roofing, hot tubs, siding, windows), while the Roof + Solar Bundle integrates full roof replacement into the solar project. The Incentive-Backed Solar program automates federal incentive delivery directly into customers' plans. All installations include system monitoring via app. The company operates across the Northeast US (MA, RI, CT, NJ, PA) using a no-pressure, education-focused sales approach with fixed pricing and $0 down financing options.
Differentiator
Problem solved
Functional benefit
Brands
- Solar+™: Bundled home improvement services combining solar with roofing, hot tubs, siding, windows, and other exterior upgrades.
- Incentive-Backed Solar™
- Green Paws Initiative
Products and services
- QCell 435W Solar Panels Premium black-on-black solar panels manufactured in Georgia, USA, with high efficiency ratings and a comprehensive 25-year linear degradation warranty guaranteeing long-term electricity production for residential solar installations.
- Enphase IQ-8 Micro-Inverters Micro-inverters installed under each solar panel (rather than a central string inverter), providing superior reliability and individual panel-level monitoring for residential solar systems.
- Roof + Solar Bundle Integrated program that bundles full roof replacement with residential solar installation into a single seamless project, backed by a 50-year roof warranty and 25-year solar warranty and delivered in partnership with Global Roofing.
- Solar+ Bundles Bundled residential offering that combines a solar installation with home exterior projects (roofing, hot tubs, siding, windows, minisplits) into one seamless project supported by solar savings.
- Incentive-Backed Solar Solar program that builds available federal solar incentives directly into the customer's plan, applying savings automatically through program partners so homeowners do not need to file for the 30% federal tax credit themselves.
- System Monitoring App Mobile and web application that lets customers monitor real-time solar production, home electricity usage, and overall system health through individual panel-level tracking after installation.
Quantifiable outcome
- Customers save an average of $4,387 on their systems when compared to local competitors
- +6 more outcomes
Companies that use Evergreen Solar
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles2 records
Evergreen Solar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature5 records
Evergreen Solar partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- One Tree Plantedcore501C3 non-profit environmental charity focused on global reforestation. Works with partners in North America, South America, Asia, and Africa to plant trees, restore forests after fires and floods, create jobs, build communities, and protect habitat for biodiversity. Evergreen plants 100 trees in customer names when they go solar. Partnership has resulted in 28,312 metric tonnes CO2 sequestered, 700 families supported, 2,500 acres restored, and 82 volunteer planting events.
- Green Paws Initiative Partner Shelters and RescuesminorNon-profit animal rescue and shelter organizations in Massachusetts, Connecticut, and Rhode Island. Evergreen donates $500 to the rescue or shelter of customer's choice through charity and fundraising events. Team also donates time and education to help rescues expand their audience for greater impact. Solar power creates win for homeowners (30-50% Day 1 savings), environment, and furry friends in need.
- Global RoofingcoreRoofing company based in Sutton, Massachusetts. Partners with Evergreen Solar as part of the Roof + Solar Bundle program. Handles all roof replacements as part of the integrated solar project, allowing homeowners to work with a single company for both services. Included in comprehensive 50-year roof warranty and 25-year solar warranty.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Evergreen Solar competitors and assessment
Company assessmentBroad incumbents
- SunPower: Established US residential solar manufacturer and installer with a national direct-to-homeowner sales motion. Comparable product offering (premium panels, micro-inverters, 25-year warranties) and overlapping customer profile in the Northeast, though at materially larger scale.
- Tesla Energy: Tesla's residential solar and Solar Roof business directly competes for the same Northeast homeowner, including the integrated roof + solar use case that is Evergreen's flagship bundle. Comparable customer profile, similar financing structures, and similar premium-equipment positioning.
- Sunrun: Largest US residential solar installer with a national footprint offering solar leases, PPAs, and system sales. Directly comparable to Evergreen's ownership/lease/PPA menu and QCell + micro-inverter-grade equipment stack, but operates at vastly greater scale and across all 50 states.
- NRG Home Solar: Residential solar offering from NRG Energy providing leases, PPAs, and purchases. Directly comparable ownership/lease/PPA menu and price-protection angle to Evergreen's solar payment programs, with backing from a large incumbent energy retailer.
Emerging players
- Palmetto Solar: Residential solar platform combining direct installation with software-enabled lead generation and design tools. Comparable customer profile and equipment stack; relevant as a tech-enabled operator pushing into the same Northeast homeowner segment.
- Lumio (formerly known as known as): Residential solar installer operating in multiple US states with a focus on streamlined customer experience and modern sales motion. Comparable homeowner profile and equipment tier, positioned as a tech-forward challenger in markets overlapping with Evergreen.
Direct peers
- Blue Raven Solar: Fast-growing residential solar installer with a direct sales motion and BluePower+ financing program. Competes for the same homeowner segment with $0-down financing and competitive rate structures, expanding into multiple Northeast states.
- Momentum Solar: Residential solar installer operating across the Northeast and other US regions, offering owned and financed solar systems to homeowners. Directly comparable customer base, similar equipment tier, and overlapping territory with Evergreen in MA, CT, NJ, and PA.
- Freedom Forever: National residential solar installer with regional dealer and direct sales operations across multiple states including the Northeast. Comparable full-service installation offering, financing partnerships, and equipment tier (premium panels and micro-inverters).
- Trinity Solar: Long-standing Northeast-focused residential solar installer headquartered in New Jersey. Closest pure geographic and operating-model peer to Evergreen, with multi-state coverage across the same MA/RI/CT/NJ/PA corridor and a similar door-to-door-led acquisition model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Evergreen Solar social profiles
Digital presenceEvergreen Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evergreen Solar leadership team
Management profileNumber of profiles
Profiles1 record
Evergreen Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evergreen Solar 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 Evergreen Solar
What does Evergreen Solar do?
Evergreen Solar sells and installs residential rooftop solar panel systems for homeowners in the Northeast US using premium QCell 435W panels and Enphase IQ-8 micro-inverters with 25-year warranties. Customers can finance through ownership ($0 down, 1.49% APR), leasing, or Power Purchase Agreements (PPAs). The company also bundles solar with roof replacement and other exterior home upgrades (Solar+ Bundles) and handles federal incentives directly through its Incentive-Backed Solar program.
Is Evergreen Solar a public or private company?
Evergreen Solar is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Evergreen Solar founded?
Evergreen Solar was founded in 2020. It employs 11 to 50 people.
Where is Evergreen Solar based?
Evergreen Solar is headquartered in Providence, United States, in the North America region.
How does Evergreen Solar make money?
Four revenue lines are on record. Solar Panel System Sales and Installation is the primary driver. The others are solar Leasing, power Purchase Agreements (PPAs) and roof + Solar Bundle.
Who are Evergreen Solar's main competitors?
Broad incumbents on record are SunPower, Tesla Energy, Sunrun and NRG Home Solar. Emerging players are Palmetto Solar and Lumio (formerly known as known as). Direct peers are Blue Raven Solar, Momentum Solar, Freedom Forever and Trinity Solar.
Does Evergreen Solar have an API?
No public API is recorded for Evergreen Solar.
What industry is Evergreen Solar in?
Evergreen Solar's product category is Residential Solar Installation. Its primary akta.pro industry code is IMADAFAO, Solar Roofing & Roof-Mounted PV Systems, with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 23816 and its SIC code is 2950.