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CEO and founder, Jayson Waller, and the other five members of his executive team run POWERHOME SOLAR, an energy efficiency company that provides high-quality American-made solar panels as part of a complete energy-savings package for residential customers. Since founding the company in 2014, Waller has overseen POWERHOME SOLAR’s rapid expansion, now providing services in 15 states and counting. This expansion has been fed by the company vision created by Waller -- “Building A Movement TM, one solar panel, one customer, one employee at a time.”
Waller and the POWERHOME SOLAR executive team have forged partnerships with professional and collegiate sports teams to enhance visibility to the brand. Under their leadership, 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 not only their fans, but the friends and family of those fans.
POWERHOME SOLAR executives have proven to be unafraid when making tough decisions. In the early stages of the COVID-19 pandemic, the 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.
Their leadership is helping to grow POWERHOME SOLAR’s workforce with a company culture that promotes positivity and forward thinking. Our company’s growth 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 under the executive team’s leadership. 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.
As the company has continued to grow, so has our customers’ positive impact on the environment. Waller and his team see residential and commercial solar as logical next steps to a more adaptive and reliable next-gen grid. With the rising adoption of electric vehicles (EVs), our traditional grid system will be stressed more than ever before. Eco-conscious consumers want a renewable source of power to satisfy the increase in electrical demand and Waller has POWERHOME SOLAR in prime position to take advantage of that rising tide.
In the last year, POWERHOME SOLAR a quantity of solar panels that are equivalent to replacing the CO2 emissions from over 80 million pounds of coal burning for electric generation. Since 2019, POWERHOME SOLAR customers replace an average of over 132 thousand tons of carbon dioxide, per year, in our atmosphere thanks to solar.
POWERHOME SOLAR executives helped boost our 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 the customers 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.
