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Vermont Solar Companies Merger

By David McKinney 23 April, 2023 3 mins read

Two top Vermont solar companies, iSun of Williston & SunCommon of Waterbury, have announced a merger. SunCommon will be purchased by the Williston-based company for $40 million. Jeffrey Peck the CEO said the merger marks the joining of forces in solar industry. The merger also means that iSun has become publicly traded and is considering building a renewable energy platform. You can read more about these companies by reading the following.

EcoWatch recommends Vt Solar Companies with proven track records

If you're looking for a top Vermont solar company, look for one that has a solid track record and affiliations with the leading 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. You can also look at the size of the company, which will tell you whether the Vermont solar installer has a large enough staff to handle your project.

Besides installing solar panels, there are other services required for your solar 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. A ballasted array mounting system might be necessary for flat roofs. A company with a high EcoWatch Score and a wide range of solar services is a good choice.

SunCommon and iSun Energy will merge

As we mentioned earlier, iSun Energy is merging with solar EPC contractor SunCommon. The companies will be able to serve both large and small customers. iSun is expected to double its revenue in 2021 upon completion of the agreement. The combined company is expected to have net revenues of $51.4million and positive EBITDA. iSun also will offer an employee stock ownership plan.

The combination will result in a fully-service business for solar installation that will be available to all customers. This includes residential, commercial, industrial, utility, and institutional customers. The combined organization will also offer solar electric car charging. This will be available for residential, commercial, or industrial customers. The new parent company will become a Public Benefit Corporation. The merger is expected to bring greater market share and expanded reach to both companies.

PlugPV provides tracker-mounted solar panels

You can have both tracker-mounted solar panels and an array that moves with it. The array will also remain in the same spot all day. To maximize power output and exposure, the trackers are constantly adjusted. The trackers keep panels perpendicular to the sun, increasing solar array output by up to 10-25%. Trackers can also be designed to shift into a vertical sleep position as the sun sets. This protects your panels from any untoward factors at night.

Tracker-mounted solar panel can also be useful to increase your winter output. Winter and summer days are shorter, so during these months, you'll need more electricity to cool down and heat up your home. But solar trackers will help you maximize your energy generation throughout the year. If you have more panels, you can get maximum output year round. You can also lower your energy bill by adding more panels.

Catamount Solar - A local company

Catamount Solar is the company to choose if you are looking to put a solar system on your home or office. This Vermont-based, employee-owned company has more 10 years of experience working in the solar industry. 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. A financing program is also available with rates as low at 1.99%

Catamount Solar is a worker's cooperative that aims to promote workplace democracy, fairness and environmental responsibility. All employees at the company are members, and have a track to become member-owners. The workers receive patronage profit shares which are based off company profit. Employee ownership is also a way for workers to have a say on key decisions. This is an ultimate employee benefit.

FAQ

What is a Standard Contract Form (SCF)?

A standard contract form is a template for creating contracts. These templates often include all of the necessary elements for a contract, such as the date, time and place.

Individual clients can modify standard contract forms. For example, companies might offer their standard forms of contract.

These forms may not be right for everyone. They can often be a time-saver and a great way to save money.

One of these standard forms could be an option.

Is there a limit to the amount of money I can spend on the project?

No. Your SCA will set a maximum cost for the project. However, you may be able to negotiate a lower price with the contractor.

Do I need a lawyer to sign my Service Agreements?

No. You don't need a legal representative to sign your service agreements. However, you might want to appoint a legal representative as a precautionary measure.

Legal representatives are individuals who act on behalf a person. If you are a contractor, it may be a good idea to appoint someone you trust to represent you.

This could be hiring an accountant or solicitor. It could also mean someone being appointed to manage your business interests.

The client usually appoints a legal representative. Sometimes, however, the vendor may hire a legal representative.

In either case, having a legal representative means you are protected legally.

When do I need to pay the service/contractor for it?

The type and amount of the service will affect the payment schedule. If you hire a contractor for a roof installation, payments would be made as soon as the work is completed. A supplier might require you to test and receive the item before you pay.

What is a service contract agreement?

A Service Contract Agreement, or SCA, is an agreement between parties to offer services to one another. The SCA defines those services, how much time and effort should be spent on them, who pays for them and when they start. It also stipulates what happens if either party breaches its obligations under the agreement.

Are there other things I should consider?

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 may need to obtain approval from the local council before you can build in some states. Some states only require you to notify them about your plans. For more information, consult your local authorities.

Statistics

(v) Place or places of performance of the prime contract and first-tier subcontracts estimated at $10 million or more, if known. (acquisition.gov)
(1) Except as provided in paragraphs (a)(4) and (a)(8) of this section, if the estimated amount of the contract or subcontract is $10 million or more, the contracting officer shall request clearance from the appropriate OFCCP regional office before- (acquisition.gov)
(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)
Don't take their anger personally, they are mad about the situation 99% of the time. (activatemylicense.com)
(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)

External Links

dol.gov

How To

How to Write a Good Service Agreement

You must remember two things when writing a service agreement.

First, satisfy the customer's requirements.

Second, you must comply with all legal requirements.

In order to do this, ensure the following are included in your service contract.

Identify all parties.
Define the subject of the agreement.
Specify the duration of agreement.
Determine whether you give any warranties.
Describe the obligations and liabilities of both parties.
Set up the payment method.
Be clear about how disputes can be resolved.
Include information about any special instructions, limitations, or restrictions.
Both parties must sign the contract.
Include a clause that states that the agreement was read and understood prior to signing.
You should always have a copy with you.
After you have completed your service agreement, be sure to read it thoroughly before you send it to the buyer.
If you have any concerns about the agreement, please contact your supplier immediately to fix it.
Once everything has been corrected, send the revised version.
After you have received confirmation that the buyer has accepted the changes, do not sign the agreement.
Keep a copy and finalized copy of the original agreement.
You should be aware that not all service providers are legally responsible to ensure that customers receive high-quality services in certain countries.
Keep a written record of all correspondence between yourself and the customer in case there is a dispute.
Seek professional guidance on how to best draft a service arrangement.
You should remember that buyers may request changes to contract terms after you have agreed to them.
Always verify that you are comfortable with a change request before agreeing to it.
Always confirm any request for changes before accepting.
Tell the customer why you don't want to accept the change.
If they still don't agree, inform them that it is unacceptable.
If the customer does not accept your decision, you can refuse to sign the contract.
If your customer accepts, then you can move forward with the contract.
If you have agreed to a change in the contract terms, you should also agree to the new conditions.
Before you send out the completed contract, make sure that you have checked it thoroughly.
Also make sure it is in compliance with the law.
Send it to the buyer once you have signed the contract.
For future reference, make sure to keep a duplicate of the contract.
You could lose money if you fail to comply with any of these simple rules.
A good service agreement can be written quickly.
The more details, the better.