Solvari

Solvari signs module supply contract for 22.3% efficient panels Solvari has signed a new module supply contract featuring advanced cell technology allowing us to boost our module efficiency to 22.3%. This advanced module will increase the power output of our all-in-one solar panel by 12% to 410W, while maintaining the easy-to-handle size, critical to our “Solar Made Easy” mission. In addition, the module's low annual degradation rate of just 0.33% guarantees at least 91% power output at the end of its 25-year warranty. "I’m excited about our new partnership with an established manufacturer who routinely delivers cutting edge technology and proven reliability. By incorporating the latest cell technology into our robust all-in-one solar panel construction, we can provide even greater value to our customers by accelerating Solvari SR’s already ridiculously fast installation times with an even smaller BOM and a higher lifetime energy output." - Samuel Truthseeker, CEO Read more here. https://lnkd.in/gA4UG8yp

Solvari Accepts $1M Purchase Order We are excited to announce we have secured our largest purchase order to date. This $1M order is for our newest 410W Solvari SR solar panels along with their monitoring gateways and pre-stuffed rooftop junction boxes. Solvari’s ease of installation, simplification of business operations, and competitive costs were key factors in winning this order. ? This PO marks a significant milestone for our organization and we believe shows that our solution provides real value in the market by addressing not only hurdles to growth but the pain points to market entry. ? Solvari manufactures an all-in-one solar panel specifically designed for residential applications. By integrating all rooftop components into the panel at our factory, we create a single SKU solar array that installs four times faster than traditional technologies, allowing installation crews to complete multiple jobs in a single day. Learn more about the Solvari Advantage here https://lnkd.in/gWeWb8af

Solvari featured on Superpowers for Good TV Show Solvari's CEO, Samuel Truthseeker, P.E., talked with Devin Thorpe recently. Check it out here. https://lnkd.in/gJDPKrUC

Homeowners are overwhelmingly happy with their solar panels. Read our full blog post here. https://lnkd.in/gCCbF_Cf

Thanks to Maz and Mitch for talking about Solvari fundraising with me.

Solvari's CEO talks about fundraising Learn more about Solvari, its business model, and the backgrounds of its executive team, Samuel Truthseeker, P.E. and Mitchel Bowman, in this in-depth interview hosted by Maz Pawar from SA Capital. https://lnkd.in/gXaE-TWw Solvari contracted SA Capital Partners on 12/2/24 for consulting services to conduct investor outreach to the SA Capital Community. This podcast was developed as a tool to introduce Solvari leadership to that network. SA Capital has been gracious enough to allow Solvari to circulate the podcast more widely. Solvari was provided with only general topics of discussion prior to the podcast. This post is for informational purposes only and is not an offer to sell securities or a solicitation of an investment. Visit our StartEngine page for complete information, including valuation, price per share, and our SEC filings. Remember, investing in startups carries risks, including the loss of principal. You should review all details before investing.

Solvari recently launched our online solar panel store?to provide a retail option for homeowners asking for Solvari's all-in-one solar panels. Customers can now order Solvari SR for DIY projects or have them installed by a contractor of their choice. Read more... https://lnkd.in/gJnEBEGE

We are hiring a Senior Manufacturing Engineer. If this is you, learn more here https://lnkd.in/gaYPPWqb

Soft Costs Bog Down Residential Solar Installers According to SEIA, soft costs, as a portion of system costs, have increased by more than 8% since 2014 (see graph below). It’s no wonder then why it’s so hard to grow your business under these conditions. High soft costs reflect a company’s overall operational inefficiency which can often stem from the complexity of their products. For example, how many resources does your company have for managing the components of your products? How many are doing procurement, warehousing, shipping, system design, training, installation, and customer service??Solvari’s solar panel is designed to tackle soft costs head-on. By simplifying the entire array to a single installable unit, Solvari streamlines your business and eliminates operational inefficiencies that contribute to elevated soft costs. Many residential solar companies have gone out of business in the last two years, in part, due to the rise in soft costs. A good portion of this rise is due to increased operational costs stemming from higher interest rates, increased facility costs, and a tighter labor market. These factors are also impacting organizations that are seeing an increase in sales as they struggle to ramp up their organization to respond. The inability to execute on their commitments in a timely manner slows down revenues, negatively impacts their customer’s experience, and in some cases, even gets them kicked off finance company AVLs. We believe Solvari SR is the only solution available to solar installers that can streamline their business, eliminate their backlog, and increase their revenue without increasing their overhead. Learn more about the Solvari Advantage. https://lnkd.in/gWeWb8af

Advantages of the “SKU Skinny” Methodology “I’m overwhelmed, overworked, and have a flat revenue curve. My costs are increasing, my inventory is a mess, the organization’s needs are getting more complex, and I can’t find skilled labor.” This is indicative of what we hear from owners, CEOs and Operations Managers of residential solar companies. Fortunately, there is a solution: the “SKU Skinny” methodology. By adopting this approach, companies can find relief. For example, those that operationalize around Solvari’s all-in-one solar panel can simplify their business by eliminating the complex processes they currently use to manage a job’s 24 SKUs and 450 components. With “SKU Skinny”, there are far fewer parts and less for crews to learn, making ordering and installation faster, easier, and less error prone. Solvari’s goal is for CEOs to manage less while their company completes more jobs, on time, and within budget. If someone calls in sick, no problem. Solvari SR only takes minutes to learn and is so easy, new crew members can reach a 6kW/hr installation proficiency before they complete their first job. In addition, smaller crews installing Solvari can complete jobs faster than larger crews using traditional technologies. We believe that Solvari’s “SKU Skinny” approach will not only reduce organizational stress but also bring greater predictability to both schedules and revenues, allowing businesses to thrive. Solvari has already demonstrated how quickly and efficiently our systems can be installed, even by those with no prior solar experience. At our facility, a two-person crew of solar veterans installed a 3.3kW Solvari array in just over 17 minutes. In less than five more minutes, that same system was installed by a crew with no prior solar experience. In short, no matter who installs it, Solvari SR is “Solar Made Easy”. Watch both crews doing their installation here. https://lnkd.in/gJv4VVAF