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Company: Pink Energy (formerly POWERHOME SOLAR), Mooresville, NC
Company Description: POWERHOME SOLAR is an energy efficiency company that launched in 2014 in Mooresville, N.C., and today has more than 2,100 employees, including a commercial division. Operating in 15 states, it is ranked No. 520 on the 2021 Inc. 5000 list of the fastest-growing private companies in America – the fourth time in five years that the company has made this prestigious list.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Energy - Medium
 Nomination Title: POWERHOME SOLAR Company of the Year - Energy
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2020, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 197 words used.
POWERHOME SOLAR, launched in 2014 in North Carolina, is coming off its most successful year in company history, reaching a 64% year-over-year growth in revenue to nearly $600 million after seeing an 93% year-over-year growth to $365 million the previous year. It is ranked No. 520 on the 2021 Inc. 5000 list of the fastest-growing private companies in America – the fourth time in five years the company has made this prestigious list. The company’s workforce has also seen a 166% increase in growth in employees since 2020, from 750 employees to more than 2,100 now. Nearly 500 of those employees have been hired since the start of 2021, and the company has entered five new states in that time, bringing its total to 15.
The company has forged partnerships with professional and collegiate sports teams to enhance visibility to the brand. POWERHOME SOLAR has installed solar panels on five NFL stadiums, one MLB stadium and at the stadium of a major college football program. Our continued partnerships with the Indianapolis Colts, Pittsburgh Steelers, Detroit Lions and NC State Wolfpack showcase the value of solar energy to their fans and for their communities as a whole.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2020 that you wish to bring to the judges' attention (up to 250 words):
Total 194 words used.
In the early stages of the COVID-19 pandemic, CEO Jayson Waller and his executive team decided to temporarily take themselves off payroll so that employees could continue working and earning paychecks amid the uncertainty. That sacrifice proved to be fruitful as the company enjoyed record revenue totals over the next two years and boosted morale at a time many other companies were cutting back.
POWERHOME SOLAR’s workforce continues to grow with a company culture that promotes positivity and forward thinking. Our company’s expansion amid the COVID-19 pandemic represents that. Since Q1 2020, POWERHOME SOLAR has nearly tripled its workforce, going from 750 employees to now employing more than 2,100 people.
POWERHOME SOLAR has also seen unprecedented rises in revenue. The company enjoyed a 93% year-over-year revenue increase in 2020 and an increase of over 64% in 2021. Those performances have helped POWERHOME SOLAR make the prestigious Inc. 5000 list of America’s fastest-growing private companies in four of the last five years. As our revenues have grown, so has our customer base. We’ve installed approximately 18,000 solar systems in the past two years after needing the prior five years to reach 12,000.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 180 words used.
In the last year, POWERHOME SOLAR installed a quantity of solar panels equivalent to replacing the CO2 emissions from over 80 million pounds of coal burned for electric generation. Since 2019, POWERHOME SOLAR customers have replaced an average of over 132 thousand tons of carbon dioxide, per year, in our atmosphere thanks to solar.
POWERHOME SOLAR boosted its brand recognition by partnering with another leader in home energy solutions, Generac, in 2020. Generac’s high-quality battery solutions are helping to further our customers’ carbon reduction as the batteries can store excess power produced during the day by solar panels, and that energy can also be used to combat time-of-use rates, when utility companies charge extra for drawing electricity during certain times of day. And of course, batteries are critical in giving customers access to power during grid outages. The company has been so successful at educating consumers about the benefits of batteries that more than 90 percent of our customers are buying them as part of their solar purchase. That’s more than three times the amount being sold by our competitors.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 44 words used.
https://www.powerhome.com/powerhome-solar-ranked-no-520-on-2021-inc-5000/
https://www.powerhome.com/powerhome-generac-partnership-battery/
https://www.powerhome.com/powerhome-solar-installs-panels-carter-finley-stadium/
https://www.powerhome.com/pittsburgh-steelers-solar-panels-heinz-field-powerhome-solar/
https://www.powerhome.com/indianapolis-colts-solar-panel-installation-headquarters/
https://www.powerhome.com/powerhome-solar-announces-expansion-into-texas/
https://www.powerhome.com/powerhome-solar-georgia-atlanta-expansion/
https://www.powerhome.com/powerhome-solar-raises-money-for-childrens-charity/
https://www.powerhome.com/military-makeover-marcelino-marquez-powerhome-solar/
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