Solet Technics
Solet Technics is a Lithuanian solar EPC and equipment retailer, founded in 2011, offering turnkey photovoltaic installations, own-brand modules, energy storage, EV chargers, and heat pumps for residential, commercial, public-sector, and agricultural customers across Lithuania and into Moldova.
- Company typePrivate
- Founded2011
- HeadquartersVilnius, Lithuania
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Solet Technics does
Solet Technics (legal entity UAB Solet) is a Lithuanian solar energy solutions provider founded in 2011 and headquartered in Vilnius, operating nationwide through service teams in six cities (Vilnius, Kaunas, Klaipėda, Šiauliai, Alytus, Marijampolė). The company is part of the MG AB Precizika enterprise group, which contributes more than 50 years of manufacturing heritage and supports Solet's own-brand Solet Photovoltaics solar modules, a Lithuanian Product of the Year award winner. Solet designs, sells, and installs grid-tied, hybrid, and off-grid photovoltaic systems, with cumulative installed capacity exceeding 50 MW across more than 5,000 customers. The product portfolio spans solar modules (own Solet brand plus Trina, Longi, Q.CELLS, Astronergy, Jinko), inverters (SolaX, Huawei, Sungrow, SolarEdge, Victron, SMA, Fronius, Sigenergy, Deye, Fimer), energy storage batteries, EV chargers (Wallbox, Elintas), heat pumps (NIBE, Gorenje, Cooper&Hunter, Midea), and mounting structures (Corab). A compact 800W balcony/mini solar line (€392-€500) extends reach into the apartment prosumer segment.
The business model combines a direct e-commerce storefront with field sales-led turnkey installation services. Revenue streams fall into three categories: hardware sales (individual components and pre-configured kits), professional services (design, permitting, APVA subsidy navigation, turnkey installation, ongoing maintenance), and managed services via Citizen Energy Communities and solar parks. Customer segments span residential homeowners (primary), commercial enterprises (primary, including retail chains, factories, and farms), the public sector (schools, care homes, municipalities), and agriculture. Pricing ranges from sub-€500 balcony kits to €2,000+ hybrid residential kits and large commercial installations, with the company securing named contracts at HELLA Lithuania (345 kW), KOOPS (13 retail rooftops), Skuodo vandenys (89 kW + 50 kWh storage), and a 200 kW ground-mount for a social care home, among others. Financing up to 120 months and APVA subsidy assistance (up to €1,190 per residential install) are integral to the value proposition. Recent moves include adjacent product expansion into heat pumps and EV charging, the launch of Citizen Energy Communities and solar parks, and a documented cross-border expansion into Moldova.
Solet Technics firmographics
Firmographics- Name
- Solet Technics
- Legal name
- UAB Solet
- Website
- https://solet.lt
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Solet Technics is a Lithuanian solar EPC and equipment retailer, founded in 2011, offering turnkey photovoltaic installations, own-brand modules, energy storage, EV chargers, and heat pumps for residential, commercial, public-sector, and agricultural customers across Lithuania and into Moldova.
- Ownership category
- akta.pro rank
Solet Technics industry classification
Industry- Product category
- Solar Energy Systems and Installation
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Lighting & Wiring Equipment (3640)
- akta.pro primary industry
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
- akta.pro secondary industries
- Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK), Solar Design, Engineering & Performance Software (PV Modeling, Digital Twins, Monitoring) (EUAMABAH)
Keywords
Where Solet Technics is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices6 records
Markets served
Solet Technics business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Solar Equipment Sales: Sale of solar panels, inverters, mounting structures, energy storage batteries, and complete solar kits through e-commerce and direct sales. Products include own-brand Solet Photovoltaics modules as well as third-party brands (Trina Solar, SolaX, Huawei, Sungrow, etc.).
- Installation Services: Full turnkey installation services ('iki rakto') including project design, permits, mounting, electrical connection, and commissioning. Includes ongoing maintenance and servicing.
- Solar Park Operations: Citizen Energy Communities (Piliečių energetikos bendrijos) and solar parks allowing collective investment in solar generation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Balcony/Mini Solar Kits - 800W systems for apartment residents |
| Unit Pricing | Pay-as-you-go | Complete Solar Kits - Grid-tied and hybrid systems 4-8 kW |
| Unit Pricing | Pay-as-you-go | Individual Components - Solar modules, inverters, batteries |
| Other | Multi-year contract | Installation Services |
| Unit Pricing | Quote-based | Heat Pump Systems |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Solet Technics product offering
Product offeringCore offering
Solet Technics designs, supplies, and installs turnkey solar photovoltaic power plants for residential and commercial customers in Lithuania. Offerings span own-brand Solet Photovoltaics solar modules (manufactured in Lithuania), grid-tie and hybrid inverters, energy storage batteries, mounting structures, and complete pre-configured solar kits in 4-8 kW residential sizes up to multi-hundred-kW commercial systems. The company handles full project lifecycle from design and permitting through installation, grid connection, and ongoing maintenance, including APVA government subsidy processing and citizen energy community aggregation.
Product overview
Solet Technics is a Lithuanian solar energy solutions provider offering a comprehensive portfolio of products and services. The core offering consists of solar power plant installation (for homes and businesses), own-brand Solet Photovoltaics solar modules, and energy storage systems. The product range extends to complementary areas including EV charging stations, heat pumps (air-to-air and air-to-water), and mounting structures. The company provides full lifecycle services from design and permitting through installation and maintenance, with financing options and government subsidy assistance. Products are available as individual components (modules, inverters, batteries) or as pre-configured complete kits.
Differentiator
Problem solved
Functional benefit
Products and services
- Saulės elektrinės (Solar power plants) - residential and commercial turnkey installations Complete turnkey solar power plant installations for residential and commercial customers in Lithuania, covering system design, certified project management, permit processing, APVA government subsidy handling, mounting, electrical connection, commissioning, and ongoing maintenance.
- Saulės moduliai (Solar modules) Photovoltaic solar modules including own-brand Solet Photovoltaics (monocrystalline 440W with 22.53% efficiency and 30-year warranty; polycrystalline 225W), and third-party brands Trina Solar, Q.CELLS, Astronergy, Longi Solar, and Jinko Solar.
- Galios keitikliai (Power inverters) Solar inverters including grid-tie, hybrid, and off-grid types from brands such as SolaX, Huawei, SolarEdge, Sungrow, ABB/Fimer, Fronius, Victron, SMA, Deye, and Sigenergy.
- Energijos kaupikliai (Energy storage batteries) Energy storage systems for homes and businesses, including lithium-based batteries from Sigenergy (with Premium 314Ah cells and 10,000 cycle lifespan), SolaX, DEYE, and other manufacturers.
- Balkoninės ir mini saulės elektrinės (Balcony and mini solar kits) Compact 800W balcony and mini solar power systems for renters and apartment residents who lack rooftop access, priced from 392 EUR, enabling prosumer status without traditional rooftop installation.
- Saulės elektrinių komplektai (Solar power plant kits) Pre-configured solar power plant kits including grid-tie, hybrid, and autonomous systems with all necessary components in 4-8 kW residential sizes, including specific bundles such as 4 kW single-phase hybrid kit (Solet + Solax) at 2090.30 EUR and 6 kW Trina+Solax kit at 1711.99 EUR.
- Saulės parkai (Solar parks) Solar parks enabling collective investment in solar energy generation through community ownership models.
- Piliečių energetikos bendrijos (Citizen energy communities) Citizen energy community services enabling groups of Lithuanian residents to collectively invest in and benefit from solar energy generation under Lithuania's prosumer framework.
- Projektavimo paslaugos (Design and modeling services) Professional design and modeling services for solar installations, including permit assistance, APVA subsidy application handling, and bureaucratic navigation.
- Montavimo konstrukcijos (Mounting structures) Mounting structures and hardware for solar panel installation on various roof types, supplied by Corab, available as complete kits and individual components including wires, connectors, and accessories.
- Elektromobilių įkrovimo stotelės (EV charging stations) Electric vehicle charging stations from WALLBOX, Elintos, and ABB manufacturers, available in slow, medium, and fast charging variants for residential and commercial applications.
- Šilumos siurbliai (Heat pumps) Heat pumps including air-to-air (air conditioners) and air-to-water systems from brands such as Nibe, Gorenje, Cooper&Hunter, and Midea, distributed alongside solar offerings.
Quantifiable outcome
- Electricity cost reduction through solar generation
- +3 more outcomes
Companies that use Solet Technics
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
Solet Technics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Solet Technics partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, major and minor.
- Solet Photovoltaics (Internal Brand)coreCompany's own solar module brand manufactured in Lithuania for over a decade. Winner of Lithuanian Product of the Year awards.
- SolaX PowercorePrimary inverter partner for hybrid and grid-tied solar systems. Provides X3 series hybrid inverters and energy storage systems.
- Trina SolarcoreSupplier of N-type dual glass solar modules with i-TopCon technology for premium installations.
- HuaweimajorSupplier of SUN series inverters with integrated WiFi monitoring for residential and commercial projects.
- SungrowmajorSupplier of SG series string inverters including SG10RT, SG15RT, and SG20RT models for various system sizes.
- Astronergy (CHSM)majorSupplier of ASTRO N5s series solar modules in 480W black frame configuration for residential installations.
- SolarEdgemajorSupplier of power optimizers and inverters with integrated WiFi monitoring capabilities.
- Victron EnergymajorSupplier of MultiPlus-II inverters and LiFePO4 batteries for autonomous and hybrid solar systems.
- SigenergymajorSupplier of modern Sigen hybrid inverters and SigenStor BAT energy storage systems with premium 314Ah cells.
- WallboxminorSupplier of electric vehicle charging stations for residential and commercial applications.
- ElintasminorLithuanian supplier of electric vehicle charging stations.
- NIBEminorSwedish supplier of air-to-water heat pumps distributed through Solet.
- GorenjeminorSlovenian supplier of air conditioners and heat pumps, now part of Hisense Group.
- Cooper&HunterminorSupplier of air-to-air heat pumps (air conditioners) for climate control.
- MG AB PrecizikacoreParent company group providing over 50 years of manufacturing experience and shared resources.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Solet Technics competitors and assessment
Company assessmentOthers
- Wallbox: EV charging equipment supplier distributed by Solet; adjacent ecosystem participant enabling Solet's electrification bundling strategy and competing indirectly via integrated solar+EV offerings from other installers.
Regional players
- Enefit Green: Estonian/Baltic renewable energy developer and operator with solar and wind generation across the Baltic States; comparable as a regional renewable-energy counterpart, though operating at much larger utility scale rather than distributed rooftop.
Broad incumbents
- Enphase Energy: Global leader in microinverters and home energy storage (IQ Battery); overlaps with Solet's residential solar+storage offering and increasingly competes at the system-integration layer in Europe.
- SMA Solar Technology: German-headquartered inverter and energy management provider; one of Solet's supplier partners and a broad incumbent whose hybrid inverters and storage solutions compete across the same European residential segment.
- SolarEdge: Global power-optimizer and inverter supplier that Solet resells; competing broadly across European residential and commercial PV market segments with integrated monitoring hardware and software.
- SunPower: Established residential and commercial solar installer and module manufacturer serving European markets; broadly comparable in turnkey rooftop and storage offering, though at significantly larger scale than Solet.
- SolaX Power: Global hybrid inverter and energy storage manufacturer that is one of Solet's primary technology partners; offers overlapping residential and commercial solar+storage solutions across European markets.
Direct peers
- Bateg: Lithuanian solar and electrical installation contractor offering turnkey rooftop PV, storage, and energy services to residential and business customers; directly competes with Solet on Lithuanian installations.
- SoliTek: Lithuanian-based solar PV module manufacturer and installer with overlapping turnkey offering for residential and commercial customers; arguably the closest head-to-head competitor to Solet in the Lithuanian market given the shared domestic manufacturing and installation focus.
Emerging players
- Sigenergy: Emerging European/Chinese provider of hybrid inverters and SigenStor battery systems with premium 314Ah cells; Solet's storage partner and a competitive force in the same residential C&I storage category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Solet Technics social profiles
Digital presenceSolet Technics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solet Technics leadership team
Management profileNumber of profiles
Profiles1 record
Solet Technics funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solet Technics 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 Solet Technics
What does Solet Technics do?
Solet Technics designs, supplies, and installs turnkey solar photovoltaic power plants for residential and commercial customers in Lithuania. Offerings span own-brand Solet Photovoltaics solar modules (manufactured in Lithuania), grid-tie and hybrid inverters, energy storage batteries, mounting structures, and complete pre-configured solar kits in 4-8 kW residential sizes up to multi-hundred-kW commercial systems. The company handles full project lifecycle from design and permitting through installation, grid connection, and ongoing maintenance, including APVA government subsidy processing and citizen energy community aggregation.
Is Solet Technics a public or private company?
Solet Technics is a private company. It is classified as corporate owned and is currently operating.
When was Solet Technics founded?
Solet Technics was founded in 2011. It employs 11 to 50 people.
Where is Solet Technics based?
Solet Technics is headquartered in Vilnius, Lithuania, in the Europe region.
How does Solet Technics make money?
Three revenue lines are on record. Solar Equipment Sales are the primary driver. The others are installation Services and solar Park Operations.
Who are Solet Technics's main competitors?
Wallbox is listed as an others. Enefit Green is listed as a regional player. Broad incumbents are Enphase Energy, SMA Solar Technology, SolarEdge, SunPower and SolaX Power. Direct peers are Bateg and SoliTek. Sigenergy is listed as an emerging player.
Does Solet Technics have an API?
No public API is recorded for Solet Technics.
What industry is Solet Technics in?
Solet Technics's product category is Solar Energy Systems and Installation. Its primary akta.pro industry code is EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro), with a secondary code of EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film). Its NAICS code is 221114 and its SIC code is 3640.