Innovate Energy Group

What Innovate Energy Group does

Innovate Energy Group (IEG) is a privately held, Charlotte, North Carolina-based energy consulting and EPC (Engineering, Procurement, Construction) firm founded in 2022, serving commercial and industrial (C&I) organizations across 48 US states. The company delivers end-to-end C&I solar PV systems—including battery storage integration and IEEE 1547-2018-compliant smart inverters—under an integrated consulting-EPC-financing model that bundles feasibility study, system design, procurement, installation, and post-installation compliance under a single engagement. Its stated installed base is 180+ MW with a 2GW+ development pipeline, and it claims 30+ years of combined clean-energy experience within the team.

IEG's revenue model rests on three pillars: professional-services fees from energy consulting and feasibility studies, project-based one-time EPC fees from solar installation, and managed-services revenue from financing facilitation including Power Purchase Agreements (PPAs) and zero-interest project-financing arrangements. Customer segments are hybrid, anchored by mid-market and enterprise C&I buyers (manufacturers, retailers, warehouse and logistics operators, processors) with high annual energy consumption (200,000+ kWh), supplemented by Illinois-located facilities eligible for state DG rebates and rural small businesses/agricultural producers accessing USDA REAP grants. GTM is a consultative enterprise field-sales motion, fronted by a complimentary 30-minute solar feasibility assessment and 15-minute discovery calls as primary lead-capture mechanisms.

The company's competitive position rests on regulatory navigation capability—federal ITC mechanics (safe harbor, FEOC restrictions, One Big Beautiful Bill updates), MACRS depreciation, SRECs, USDA REAP, Illinois DG rebates of $250-$300/kW, and IRA direct-pay elections—rather than proprietary technology. Referenced customer case studies include a Southeast manufacturer whose IEG-facilitated solar deployment unlocked a contract with a Fortune 500 distribution partner (revenue more than doubled, 50+ new jobs created), Pure Country Weavers, and a 25 MW Holcim US installation in Alpena, Michigan. The firm is independently operated with no disclosed institutional investors or funding rounds and is led by Founder & CEO Stephen Burnham with a 1-10-person team.

Name

Innovate Energy Group

Legal name

Innovate Energy Group

Website

https://ieg.solutions

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Innovate Energy Group is a Charlotte, NC-based energy consulting and EPC firm delivering end-to-end commercial and industrial solar PV systems—including battery storage and financing—across 48 US states, serving manufacturers, warehouses, and other high-energy-use C&I organizations.

Ownership category

akta.pro rank

Product category

Commercial Solar EPC Services

NAICS

Engineering Services (541330), Environmental Consulting Services (54162)

akta.pro primary industry

Corporate & Voluntary Procurement Policy (PPAs, Green Tariffs, 24/7 CFE) (EUAMANAH)

akta.pro secondary industry

Climate Governance, Operating Model & Internal Carbon Pricing Design (EUABAKAF)

Keywords

• Commercial solar EPC
• Energy consulting services
• Solar project financing
• Renewable energy incentives
• C&I solar installation

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Consulting & Advisory Services: IEG provides strategic energy consulting, sustainability strategy development, and regulatory guidance to commercial and industrial clients. Revenue is generated through professional consulting fees for site assessments, feasibility studies, incentive navigation, and project planning.
2. EPC Services (Solar Installation): As an EPC (Engineering, Procurement, Construction) firm, IEG delivers turnkey solar energy system installation for commercial and industrial clients. Revenue is generated through project-based fees for design, procurement of equipment, and installation services.
3. Project Financing Facilitation: IEG offers financing solutions including Power Purchase Agreements (PPAs), zero-interest project financing, and structured financing options that incorporate utility rebates and expected tax credits. The company facilitates financing partnerships to enable clients to deploy solar without large upfront capital outlays.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Innovate Energy Group is an integrated energy consulting and EPC firm that designs, finances, and installs commercial and industrial (C&I) solar energy systems. Its offering bundles complimentary feasibility assessments, solar PV and battery storage system deployment, emergency backup generation, project financing (PPAs and zero-interest options), and advisory on federal and state incentives (ITC, USDA REAP, SRECs, MACRS depreciation, Illinois DG rebates). The company delivers projects across 48 US states for organizations seeking to reduce energy costs, achieve ESG/Scope 2 targets, and leverage stacked clean-energy incentives.

Product overview

Innovate Energy Group is an integrated energy consulting firm that provides end-to-end solar energy solutions for commercial and industrial clients. The company's core offering is C&I Solar Energy Systems, supported by complimentary feasibility assessments. The portfolio includes add-on services for energy storage, emergency backup generation, project financing (including PPAs), and sustainability strategy development. Additionally, the company provides specialized advisory services for federal and state incentives including the 30% ITC, USDA REAP grants (up to 50%/ $1M), Solar Renewable Energy Certificates, depreciation tax bonuses, and Illinois-specific DG rebates. This modular approach allows organizations to customize their solar implementation based on energy needs, budget constraints, and sustainability objectives.

Differentiator

Problem solved

Functional benefit

Products and services

• C&I Solar Energy Systems End-to-end design, procurement, and installation of commercial and industrial solar PV energy systems for organizations across 48 US states seeking to reduce energy costs and meet ESG objectives.
• Complimentary Solar Feasibility Study Free 30-minute feasibility assessment evaluating a facility's solar potential, energy-usage profile, and candidate system design, delivered as a consultative entry point for prospective C&I customers.
• Energy Storage Solutions Battery energy storage systems integrated with on-site solar installations to store excess generation for use during peak rate periods or grid interruptions.
• Emergency Backup Generation Standby power generation services providing organizations with reliable electricity during grid outages or other emergency events.
• Project Financing Facilitation Structured financing facilitation including Power Purchase Agreements (PPAs) and zero-interest project financing, structured to stack utility rebates and tax credits while preserving ITC safe-harbor benefits.
• Sustainability Strategy Development ESG-focused energy planning comprising facility energy-profile analysis, sustainability initiative assessment, and customized energy roadmaps aligned with corporate sustainability goals.
• USDA REAP Grant Assistance Advisory and application support for the USDA Rural Energy for America Program (REAP), which can fund up to 50% of project costs with a maximum $1 million award for rural renewable energy projects including solar, wind, and geothermal.
• Illinois Distributed Generation (DG) Rebate Facilitation Facilitation of Illinois utility Distributed Generation rebate applications, interconnection submissions, and net-metering enrollment for C&I solar and battery storage installations up to 5 MW-AC, capturing $250-$300 per kW of solar capacity and $250-$300 per kWh of storage.

Quantifiable outcome

• 180+ MW of clean energy installed across 48 states
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Illinois Utility Providers (ComEd, Ameren, and other utilities)coreStrategic or Co-development PartnerIEG works directly with Illinois utility providers to facilitate Distributed Generation (DG) rebate applications, interconnection submissions, net-metering enrollment, and inspection/Permission to Operate (PTO) processes for commercial solar and battery storage installations. Utilities issue DG rebates of $250-$300/kW directly to clients upon project completion and interconnection approval.
• Fortune 500 / Major Distribution Companies (as sustainability requirement setters)coreStrategic or Co-development PartnerIEG's client success model is directly tied to Fortune 500 companies that mandate renewable energy adoption as a condition for awarding major supply contracts. IEG's solar implementations directly enable its manufacturing clients to qualify for and win these high-value contracts, which can more than double client revenue.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Borrego Solar: Established C&I and utility-scale solar EPC and developer (acquired by Avangrid/Iberdrola). Comparable integrated development and EPC model targeting commercial and industrial customers with on-site solar and storage.
• Pivot Energy: National C&I and community solar developer with EPC execution. Comparable in serving commercial customers seeking solar with financing and incentive capture, and in scaling pipeline-driven growth across multiple states.
• Renu Energy Solutions: Charlotte, NC-based C&I and residential solar EPC and energy storage installer. Most directly comparable peer given shared geography, similar customer segments (manufacturers and commercial facilities), and overlapping turnkey solar offering.
• Verde Solutions: C&I solar EPC firm focused on commercial rooftops, parking canopies, and ground-mount projects. Comparable customer segment (mid-market commercial and industrial) and project-based revenue model.
• DSD Renewables: C&I and community solar EPC and developer (acquired by Qcells/Hanwha). Comparable in delivering integrated solar and storage solutions to commercial customers with national footprint and project finance capabilities.
• Catalyst Power Holdings: C&I clean energy developer offering solar, storage, and financing (PPAs) to commercial customers. Directly comparable in bundled advisory + financing + asset ownership approach for commercial clients.
• Radiant Solar: California-based C&I solar EPC firm serving commercial customers with solar and storage installations. Comparable project-based model and focus on incentive-driven commercial deployments.

Broad incumbents

• M.A. Mortenson: Large national EPC contractor with substantial renewable energy practice including utility-scale solar. Comparable EPC execution capability for solar projects at scale, though broader portfolio.
• Edison Energy: Energy advisory and sustainability consulting firm serving large commercial and industrial customers on procurement, renewables, and ESG strategy. Adjacent to IEG's advisory layer but operates without in-house EPC.
• AES Distributed Energy: Subsidiary of AES Corporation focused on distributed generation, C&I solar, and storage. Broader portfolio and balance sheet than IEG, but overlapping customer base and integrated project model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Xx.com/InnovateEnergyG
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• LinkedInlinkedin.com/company/innovate-energy-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Innovate Energy Group