general contractor

Vermont Solar Companies Merger

By Bob Thomas 6 June, 2023 3 mins read

Two top Vermont solar companies announced a merger: iSun in Williston and SunCommon in Waterbury. SunCommon is being purchased by the Williston company for $40 Million. Jeffrey Peck, CEO, said that the merger is a sign of the merging of two powerful forces in the industry. The merger also means that iSun has become publicly traded and is considering building a renewable energy platform. Continue reading for more information about these companies.

EcoWatch recommends Vt Solar Companies with proven track records

If you are looking for the best Vermont solar company, make sure it has a strong track record and is affiliated with the most prominent solar industry associations. There are two industry associations that you can look at: the Solar Energy Industries Association or the North American Board of Certified Energy Practitioners. Also, you can look at the company's size to determine if they have enough staff to handle your Vermont solar installation.

You will need to provide additional services for your solar panel installation. Specialty solar services may be required depending on the needs of your household and your local area. One example is a home that suffers frequent power outages. This could require backup battery solar power storage to provide power during an outage. Perhaps your roof is flat and requires a ballasted array mounting solution. Look for a company offering a wide range solar services and a high EcoWatch Rating.

SunCommon merges with iSun Energy

As we reported earlier, iSun Energy will be merging with SunCommon solar EPC contractor. Together, the companies will serve large and small solar customers. Upon completion of the deal, iSun will double its revenue by 2021. The combined company would have net revenues totalling $51.4 million and positive EBITDA. In addition, iSun will create an employee stock ownership plan.

The merger will create a full-service solar installation business that will serve a variety of customers, including residential, commercial, industrial, and utility markets. The combined company will offer solar electric vehicle charging, which will be available to residential, commercial, industrial, and other markets. The combined company will function as a Public Benefit Corporation. This will allow the parent to obtain B Corp certification. The merger is expected to bring greater market share and expanded reach to both companies.

PlugPV offers tracker solar panels

Tracker mounted solar panels offer the best of both the worlds. One array moves with the sun and another maintains a fixed location throughout the day. The trackers are continually adjusted to maximize sunlight and power output. The trackers keep panels perpendicular to the sun, increasing solar array output by up to 10-25%. Trackers can be moved vertically to protect your panels from nighttime hazards.

Tracker mounted solar panels can also help you to get maximum output in winter. The summer and winter days are shorter so you will need more electricity to heat and cool your home. Solar trackers are able to help maximize your energy output throughout the year. Add a third or fourth more panels and you'll be able to enjoy maximum output year-round. This will also reduce your energy costs.

Catamount Solar, a local company

If you're looking to install a solar panel system in your home or business, consider Catamount Solar. The Vermont-based company is owned by employees and has over a decade of solar industry experience. They also give 5% of their profits away to community organizations and initiatives. The company enjoys a good reputation, affiliations to Solar Energy Industries Association and NABCEP, along with a wide array of products. The company also offers financing at rates as low as 1.99%

As a workers' cooperative, Catamount Solar has worked to foster workplace democracy, economic fairness, and environmental responsibility. All employees of the company are members. They have a set path to becoming member-owners. Employees are also given patronage profits shares that are calculated based upon company profit. Employee ownership means that workers can have input into key decisions. This is the ultimate employee benefit.

FAQ

Is there an upper limit on how much I can spend?

No. Your SCA sets an upper limit on the total cost of the project. But, it is possible to negotiate a lower cost with the contractor.

Do I have to think about any additional factors?

Yes. You should check the laws in your area about the types of projects that you are permitted to undertake and the requirements you must meet. You might need approval from the council in order to build in certain states. Other states say that you only need to notify them of your plans. To find out their position on the matter, check with your local authorities.

Is a service contract a warranty?

Service contracts are not warranties. It is an agreement between two parties to exchange goods and services. If the product is not performing satisfactorily, the customer agrees with the seller to cover the repair or replacement costs. This contract is also called a maintenance contract.

What happens when one party refuses to take their side in a deal?

The law allows you to sue the other party for damages if you don't fulfill your agreement. Damages include the amount owed plus interest, court costs, and legal fees.

Statistics

(d) Contractor disputes related to compliance with its obligation shall be handled according to the rules, regulations, and relevant orders of the Secretary of Labor (see 41 CFR60-1.1). (acquisition.gov)
Don't take their anger personally, they are mad about the situation 99% of the time. (activatemylicense.com)
(v) Place or places of performance of the prime contract and first-tier subcontracts estimated at $10 million or more, if known. (acquisition.gov)
Reasonable late fees go up to 25% per year on unpaid sums. (lawdepot.com)
(1) Ascertain the extent to that offers are based on the payment of overtime and shift premiums; and (2) Negotiate contract prices or estimated costs without these premiums or obtain the requirement from other sources. (acquisition.gov)

External Links

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How To

What is the difference in a service agreement and contract?

A service arrangement is an agreement whereby a provider agrees with a customer to perform services. It creates an obligation on both parties. The term "service" can be used to refer to the products, information, advice, or other services offered by a company.

Contracts are legally binding documents that outline the terms and conditions of business relationships. You can purchase a product at a retailer and a contract will be created. The reason you are required to pay later is because of the obligation you have to buy it. Accepting employment is a sign of your agreement with your employer.

The service agreement does not require any documentation. A service agreement written is not often used in practice. Verbal agreements, however, are common.

But, a service agreement is more advantageous than a contract.

A service agreement can be more flexible than a contract.
It allows a service company to change its mind without being penalized.
It gives the service more freedom in how it delivers the agreed-upon services.
It is a clear record that demonstrates what was said.
It is easier for a service provider to be sued.
It is much cheaper to write a service contract than a standard contract.
It is less likely that it will lead to litigation.
It is simpler to terminate a service arrangement than a contractual contract.
Modifying a service agreement is much easier than changing a contract.
A service agreement can be used to establish an ongoing relationship.
It is possible to share the cost of drafting a service agreement with a third party.
A provision requiring arbitration is possible when drafting a contract of service.
It is possible to include provisions concerning confidentiality, nondisclosure, and proprietary rights.
You can specify the duration of the contract (e.g. one year).
It is possible for the service agreement to be subject to a certain condition precedent.
It is possible for a service provider to be held liable for only negligence, gross negligence, and/or fraud.
It is possible to limit liability for consequential damages.
It is possible for the service provider and customer to enter into an additional agreement.
You can give notice of termination in certain circumstances.
You can ask the service provider for a warranty.