Diamond Renewable Energy

What Diamond Renewable Energy does

Diamond Renewable Energy is a private Canadian solar installation company headquartered at 247 Tiffin Street, Barrie, Ontario, founded in 2017 and operating with 11-50 employees. The company designs and installs solar photovoltaic (PV) systems for residential and commercial customers across Barrie and Central Ontario, acting as a turn-key provider that handles system design, permitting, hydro-supplier applications, ESA certification, and grid connection. Its product portfolio spans Residential Solar Installation, Commercial Solar Installation, Net-Metering Systems (grid-connected with utility credits), Off-Grid Systems (solar + battery for properties without grid access), Emergency Power Systems (battery backup during outages), and Hybrid Solar Systems that combine net-metering with integrated battery backup. Underlying technology components are sourced from third-party manufacturers; Diamond Renewable contributes the system integration, installation labor, and project management rather than proprietary hardware or software.

The company operates a consultative, sales-led go-to-market anchored on a free site visit and a custom cost/savings/ROI proposal, with direct-to-consumer reach into homeowners and direct-to-business reach into commercial accounts. It also engages builders and roofers as referral partners to integrate solar into new construction projects. Revenue is generated primarily through one-time hardware sales and installation fees per project, supplemented by repair and maintenance services; pricing is not publicly disclosed and is quote-based. Distribution is purely regional and direct — there is no reseller, marketplace, or national footprint — and the company relies on its website, awards-based credibility (2020 Consumer Choice Award and 2020 Simcoe Readers' Choice Award for Best Solar Installer), and direct phone/email outreach rather than broad digital marketing campaigns. The founder-owned business has no disclosed institutional investors, parent company, or external funding in the available data.

Name

Diamond Renewable Energy

Legal name

Diamond Renewable Energy

Website

https://diamondrenewable.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Diamond Renewable Energy is a Barrie, Ontario-based turn-key solar PV installer founded in 2017, serving residential and commercial customers across Central Ontario with net-metering, off-grid, and battery backup systems via a direct consultative sales model.

Ownership category

akta.pro rank

Product category

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 industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Solar panel installation
• Residential solar systems
• Commercial solar installation
• Net-metering systems
• Off-grid solar solutions

Headquarters

HQ city

Barrie

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Solar System Hardware Sales & Installation: One-time sale and installation of solar panel systems for residential and commercial properties. The company handles the complete turn-key installation including design, permitting, ESA certification, and grid connection. Revenue is generated as a one-time upfront payment for the solar system and installation services.
2. Emergency Power / Battery Backup Systems: Sale and installation of battery backup and hybrid solar systems, either as standalone emergency power solutions or integrated with net-metering solar systems. One-time hardware and installation revenue.
3. Off-Grid Solar Packages: Pre-configured off-grid solar packages for cottages, RVs, and remote properties, with custom system design for specific solar needs. One-time hardware and installation revenue.
4. Solar Repair and Maintenance Services: Troubleshooting and repair services for failed devices or damaged solar equipment. Service-based revenue for maintenance and repair work.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Diamond Renewable Energy designs, sells, and installs turn-key solar photovoltaic (PV) systems for residential and commercial customers in Barrie and Central Ontario. The company handles the entire process from initial consultation, system design, and permitting, through ESA certification and final installation, with offerings spanning grid-connected net-metering, hybrid solar + battery backup, and fully off-grid solar systems.

Product overview

Diamond Renewable Energy offers a portfolio of turn-key solar installation services for residential and commercial customers across Canada. The core product lineup includes Residential Solar Installation (home solar panel systems that increase property value and eliminate hydro costs), Commercial Solar Installation (business solar systems with tax benefits and 25-year warranties), Emergency Power Systems (battery backup for outage protection), Net-Metering Systems (grid-connected solar with utility credit programs), Off-Grid Systems (fully independent solar with battery storage for properties without grid access), and Hybrid Solar Systems (combining net-metering with integrated battery backup). All services follow a turn-key approach where the company handles everything from initial consultation through design, applications, permits, and ESA-certified installation.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Solar Installation Turn-key solar panel installation service for residential homeowners, covering system design, ESA certification applications, and installation. Benefits include increased home value, elimination or reduction of rising hydro costs, and environmental sustainability.
• Commercial Solar Installation Solar panel installation service for commercial businesses, featuring reduced operating costs, quick ROI through hydro savings, eligibility for the Advanced CCA tax rebate from the Canada Revenue Agency, and 25-year warranty coverage.
• Emergency Power Systems Battery back-up emergency power systems that provide electricity during grid outages. The system automatically transfers to battery power when outages occur while solar continues to generate, reducing battery drain and recharging batteries to sustain loads for extended periods.
• Net-Metering Systems Grid-connected solar systems with a net-metering agreement between property owner and local hydro supplier. Excess power feeds back to the grid for credits that carry forward for up to one year, with the system designed to offset annual hydro usage.
• Off-Grid Systems Complete energy independence systems that combine solar panels, batteries, and electrical equipment to store power for on-demand use without a hydro connection. Suitable for cottages, RVs, and properties where grid connection is impractical.
• Hybrid Solar Systems Net-metering solar system with integrated battery back-up. During grid operation, solar feeds electrical loads with excess going to the grid for credits; during outages, automatically switches to battery supply while solar continues to reduce battery drain and charge batteries.

Quantifiable outcome

• Hydro rates have increased 14% annually over the past decade per Ontario Energy Board statistics, making solar investment financially compelling
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• SkyFire Energy: Alberta-based turn-key solar installer serving residential and commercial customers across Western Canada with similar design-install-permit service model, though operating in a different province than Diamond.
• Hespeler Solar: Southern Ontario (Cambridge-area) solar installation company focused on residential and small commercial systems, with directly comparable product mix and Ontario regional overlap.
• Polaron Solartech: Ontario-based turn-key solar installer serving residential and commercial customers in the GTA and surrounding regions, with a directly overlapping service offering, customer base, and turn-key model.
• Can-Save Solar & Energy: Ontario-based solar installer providing residential and commercial solar solutions with a similar turn-key installation model and direct competition in the Ontario market.
• SkyGrid Solar Solutions: Ontario-based solar installer with residential and commercial offerings and a comparable turn-key service model, operating in overlapping Ontario geographies.

Broad incumbents

• Sunrun: Largest U.S. residential solar installer with national scale, strong brand, and capital markets access — a benchmark for what scaled solar installation looks like, though primarily U.S. operations.
• Enbridge (Residential Solar): Major Canadian energy company with a residential solar offering and significantly greater capital, brand reach, and operational scale than Diamond, representing a much larger competitive threat if it expands deeper into Ontario residential solar.

Others

• SolarEdge Technologies: Manufacturer of solar power optimizers and inverters whose equipment is commonly integrated by residential installers like Diamond — an enabling technology supplier in the same solar value chain.
• Enphase Energy: Leading manufacturer of solar microinverters and battery systems — a key upstream technology supplier whose products Diamond integrates, and a potential future partner or competitor as it expands into installer-adjacent services.

Emerging players

• Mitsubishi Electric — Trane / Horizon Solar: Various multi-province and emerging Canadian solar installers expanding into Ontario with stronger digital marketing and capital bases, posing a competitive threat to local installers like Diamond.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Diamond Renewable Energy