Solar One is a rapidly growing commercial solar development firm seeking $1.5 to $6MM in construction capital for existing contracts.
We currently have 6 contracts that make up a combined $11MM in gross revenue. All clients are either Moodys rated or at minimal have Class A credit with strong balance sheets.
Contracts with these clients are structured to where Solar One bears the cost of equipment and labor (all construction costs) through the permitting, construction and utility interconnection phases and then each client will take us out within 10-30 days after construction is complete. Most of these projects will take 5-12 weeks to complete once permits are instated and all equipment is on site.
For the last 2 years we have closed out on an avg of $2.6MM in gross contracts, but we have consistently been filling our sales pipeline which has caused us to outgrow our existing banking relationship.
In addition to these $11MM, we have another roughly $4.5-$5MM of projects that we are wrapping up construction on.
As President, I have 18yrs in the energy sector and 9 of those being in commercial solar.
My partner Aaron Wilson (CEO) has 14yrs in commercial and utility scale solar (structuring, financing, and building). Our third partner, David Wilson (In-house counsel) has owned a law firm for over 30yrs and has been involved in solar for 12yrs.
I/we look forward to having discussions with potential investment partners here in the near future.
Thank you for your interest,
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