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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: Entrepreneur Categories
Nomination Sub Category: Entrepreneur of the Year - Energy
 Nomination Title: Jayson Waller
- If you are providing an essay of up to 650 words, place it in this space:
Total 621 words used.
Jayson Waller is the founder and CEO of 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, one solar panel, one customer, one employee at a time.”
Waller has forged partnerships with professional and collegiate sports teams to enhance visibility to the brand. Under his 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.
Waller has proven to be unafraid in making tough decisions. In the early stages of the COVID-19 pandemic, 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.
Waller’s 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 Waller’s leadership. The company enjoyed a 93% year-over-year revenue increase in 2020 and an increase of 62% 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 sees 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 combat 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 installed a quantity of solar panels 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.
Ever the strategist, Waller helped boost our brand recognition by partnering with another leader in home energy solutions, Generac, in 2020. These 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 selling 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.
- Which will you submit for this nomination, an essay of up to 650 words about the achievements of the nominated entrepreneur since January 1 2020, OR a video of up to five (5) minutes about the same? CHOOSE ONE:
An essay of up to 650 words
- 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:
- In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this nominated entrepreneur since the beginning of 2020.
Total 45 words used.
- Sports partnerships to promote solar and our brand visibilty
- Sacrificing his executive compensation to keep us afloat during the uncertainty of the early days of COVID-19
- Rising revenues for the company despite the COVID-19 pandemic.
- Leading a positive impact on the environment.
- Partnering with Generac
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