Solar Spectrum has merged with Temecula, Calif.-based Horizon Solar Power to create the nation’s fourth largest residential solar system provider. Since 2008, Horizon has been a leading designer and installer of residential and commercial solar systems in Southern California. Frank Kneller, CEO of Horizon Solar Power, will serve as the CEO of the combined business along with a new leadership team. The combined business will be part of the Sungevity family.
Horizon Solar Power is a premier designer and installer of residential and commercial solar systems in California, while Solar Spectrum provides technology-driven solar energy solutions with in-house services for software platform development, project management and customer experience.
“This combination blazes a new path for residential solar as we combine Horizon’s six consecutive years of profitable growth and Solar Spectrum’s best-in-class technology driven customer experience,” said Frank Kneller. “Not only does this merger position Solar Spectrum, which will be operated going forward under its Sungevity brand, as the largest residential solar company in Southern California, but also as one of the fastest growing solar companies in the country. This strong market position, coupled with our financial strength and scalable business model, will enable us to seize market leadership through further share gains and industry consolidation.”
This merger of Solar Spectrum and Horizon will create the second largest provider of residential solar systems in California and the fourth largest in the country. The merger was orchestrated by Solar Spectrum’s shareholders led by Northern Pacific Group which is based in Wayzata, Minnesota.
— Solar Builder magazine