OneRoof Energy was an American solar energy financing company that provided leasing options for homeowners seeking to have photovoltaic solar panels installed. OneRoof energy was a public company that traded on the TSX Venture Exchange under the symbol ON between 2011 and 2020. The company began to wind down operations in 2017 as it sold its portfolio to Greenbacker Residential Solar LLC for $8 million in cash.[1]
| Company type | Public company |
|---|---|
| TSX Venture Exchange: ON | |
| Founded | 2011 |
| Headquarters | |
Key people | David Field, CEO Dan Halvorson, CFO |
| Website | http://www.oneroofenergy.com/ |
At one point, OneRoof Energy had offices in five states, including its headquarters in San Diego, California, and offices in Phoenix, Arizona, Honolulu, Hawaii, Newton, Massachusetts, and Lake Success, New York.[2]
History
editOneRoof Energy was a California-based startup that was founded in 2011 and went public in December 2012. In February 2013, OneRoof Energy announced the creation of a $100 million fund backed by Morgan Stanley to assist in the company's rooftop solar panel financing operation.[3]
According to the reports in December 2016, OneRoof Energy announced that it would be winding down its operations.[4]
Business Offerings
editResidential Solar Leasing
editOneRoof Energy partnered with traditional energy retailers to offer customers a menu of solar energy system leasing options through its SolarSelect program. They had partnered with Frys Electronics. [5]
SunOpps
editSunOpps was an online portal from OneRoof Energy designed to allow users to customize financing options, track installation progress, and monitor performance of their solar system for increased energy efficiency.[citation needed]
References
edit- ^ Wesoff, Eric (March 8, 2017). "OneRoof Energy officially on its way out, starts selling solar project assets". Solar Power World Online.
- ^ Wesoff, Eric. "Solar Financier OneRoof Now Public on TSX via Reverse Merger". Greentech Media.
- ^ Wang, Ucilia. "Startup OneRoof Energy Secures $100M Fund For Solar Homes".
- ^ "OneRoof Energy Cuts Staff, Winds Down Operations". San Diego Business Journal. Retrieved 2017-11-01.
- ^ "(CNW) OneRoof Energy Group, Inc. Announces First Quarter 2014 Financial Results". Wall Street Journal.