Pleasanton, CA, US, January 13, 2026 – Enact Solar, developer of AI enabled, solar software platform, revolutionizing the way solar and energy storage projects are planned and implemented, today announced its acquisition of PVComplete, a pioneering solar engineering and design software company. This strategic combination creates the industry’s first comprehensive platform that seamlessly connects solar project conception through construction and ongoing asset management, powered by artificial intelligence.

The combined software platform brings together PVComplete’s industry-leading design and engineering capabilities with Enact’s solar software platform, which includes design, proposal creation, asset management, fleet monitoring and system maintenance. The combined technology will offer residential, commercial, and utility scale solar developers an unprecedented level of capabilities throughout the entire project lifecycle.

“This acquisition represents a fundamental shift in how the solar industry approaches solar project lifecycles,” said Deep Chakraborty, CEO and Co-Founder of Enact Solar. “For the first time, insights from thousands of operating solar projects will flow directly back into the engineering and design phase, creating a continuous feedback loop that drives better outcomes for both solar developers and their customers from day one.”

The combined platform will continue to serve PVComplete’s existing customer base while offering enhanced capabilities that bridge engineering and operations. Current users of both platforms can expect continued support and new features that leverage the strengths of both companies.

Enact’s award-winning AI enabled software platform is designed to transform and accelerate clean energy globally. Enact is the only two-sided platform that allows both residential and commercial users to simplify their entire solar and energy storage purchase and ownership journey, designed, monitored and managed by Enact and delivered by local solar professionals. Enact also enables thousands of professionals in over 35 countries to sell and deliver projects and manage solar assets for long-term performance. Learn more at https://enact.solar/

Pleasanton, CA, US, July 16, 2025 – Enact Solar, developer of AI enabled, solar asset management software platform, that revolutionizes the way solar and energy storage projects are planned and implemented, today announced the completion of its      platform integration with Palmetto LightReach, one of the largest solar lease funds in the United States     . This milestone integration enables Enact Solar users to seamlessly access multiple LightReach financing products directly within the solar asset management software platform, significantly streamlining the solar sales and installation process.

The integration represents the culmination of a strategic partnership that began in April 2025 when Enact’s Solar software was first approved to run proposals for projects funded by Palmetto LightReach. As of July 2025, the integration allows solar installers using Enact’s platform to instantly calculate customer savings and generate accurate cashflow proposals using LightReach’s comprehensive financing options.

“This integration transforms how solar installers approach customer financing,” said Deep Chakraborty, CEO and Co-Founder of Enact Solar. “Our software platform has established itself as the market leader in accurate financial ROI projections, and now we’re extending that precision to third-party financing through Palmetto LightReach’s proven platform.”

Palmetto LightReach offers both lease and Power Purchase Agreement (PPA) financing options that cover solar panels, battery storage systems, and heating and cooling equipment. The financing structure absorbs the benefit of available tax credits, making solar adoption and savings more accessible for homeowners while providing predictable returns for investors.

The integrated platform delivers several key advantages for solar installers and their customers:

• Streamlined Proposal Process: Generate comprehensive financing proposals directly within Enact’s software platform, starting with solar projects now
• Multiple Financing Options: Access to Palmetto LightReach’s full suite of lease and PPA products
• Accurate Financial Modeling: Leverage Enact’s industry-leading ROI calculation capabilities with third-party financing scenarios
• Comprehensive Equipment Coverage: Financing extends beyond solar to include battery storage and HVAC equipment
• Tax Credit Optimization: Palmetto LightReach’s financing structure maximizes available tax incentives

“Enact’s accurate financial projections combined with our flexible financing solutions creates a powerful combination for the solar industry,” said Kristen Crupi, Director of Channel Solutions at LightReach. “This integration eliminates friction in the sales process while ensuring customers receive the most accurate and comprehensive financing information.”

The partnership addresses a critical need in the solar industry, where complex financing options can slow down sales cycles and create uncertainty for both installers and customers. By integrating Palmetto LightReach’s billion-dollar financing platform directly into Enact’s widely used solar software, the companies are removing barriers to solar adoption while improving the overall customer experience.

The integration supports the broader industry trend toward comprehensive energy solutions, with financing that covers not just solar panels but complete home energy systems including battery storage and efficient heating and cooling equipment.

Enact’s award-winning software platform is designed to transform and accelerate clean energy globally. Enact is the only two-sided platform that allows both residential and commercial users to simplify their entire solar and energy storage purchase and ownership journey, designed, monitored and managed by Enact and delivered by local solar professionals. Enact also enables thousands of professionals in over 25 countries to sell and deliver projects and manage solar assets for long-term performance.

Learn more at https://enact.solar/

Palmetto’s platform integrates digital tools, data assets, and actionable insights to create an end-to-end solution powering its consumer marketplace. The company operates as both a B2B and D2C provider, offering software, financial products, and support services that deliver competitive pricing and exceptional value to end consumers. Key offerings include the Clean Energy Operating Platform, LightReach Energy Plans, Energy Intelligence, and Asset Management Platforms for customer service, with more innovations on the horizon.

Learn more at https://palmetto.com

Enact Solar and Blu Banyan Join Forces to Create an Integrated Solar Solution to Automate Business Processes That Boost Operational Efficiency

PLEASANTON, CA, UNITED STATES, June 10, 2025 – Enact Solar, creator of an award-winning intelligent software platform that revolutionizes the way solar and energy storage projects are planned and implemented, and Blu Banyan, the leading solar ERP solution provider and award-winning software developer, announce a strategic partnership to provide an unparalleled operational solution for solar installers.

Built on Oracle NetSuite, Blu Banyan’s SolarSuccess is a comprehensive ERP platform that enables residential, commercial, and utility-scale solar companies to convert projects to cash 40% faster, by uniting sales, CRM, accounting, purchasing, project management, inventory, invoicing, and reporting in a single management system. Enact streamlines solar and energy storage project design and proposal workflows, driving speed, accuracy, and consistency from concept to contract.

Both offerings address the unique challenges solar installation businesses face in building scalable, profitable operations. Thriving in solar depends on maintaining high performance across multiple complex functions, requiring full team collaboration across project design and delivery, real-time cash and inventory management, accounting, marketing, and sales tracking. In their shared commitment to transforming these challenges for the solar industry, Enact and Blu Banyan have joined forces to deliver a unique and powerful integrated solution.

Enact software design users now have direct access to detailed bill of materials (BOM), inventory, and pricing data from SolarSuccess within the Enact Proposal module. Design imagery and contract data flow seamlessly between Enact and SolarSuccess, eliminating the need to create and track projects in both systems and streamlining workflows to lower costs and drive operational efficiency. This integrated solution delivers two powerful benefits for solar companies: accelerating proposal and contract generation to close deals faster, and accelerating project management to get cash faster. Smooth operations satisfy customers and installers alike.

“Drawing on the capabilities of our integrated offering, the partnership with Enact is about resolving key pain points that solar installers actually face, enabling all staff to have easy, real-time access to the combined set of features necessary for success,” said Jan Rippingale, Founder and CEO of Blu Banyan. “SolarSuccess provides extensive operational optimizations to automate business processes, reduce errors, and dramatically cut the time from project initiation to profitable payment. The integration with Enact provides solar professionals in the field with the cross-functional visibility they need to fully engage and bring their company to a new level.”

“The Enact–Blu Banyan partnership represents a game-changing advancement for the solar industry,” said Deep Chakraborty, CEO and Co-Founder of Enact. “By streamlining the project change management cycle, this partnership will deliver immediate value to both Enact and Blu Banyan customers in all markets. More importantly, it addresses a critical pain point in our industry: the disconnect between sales and operations teams. Solar companies will see significant cost savings by eliminating design and ordering errors, increasing operational efficiency, and keeping customers satisfied.”

Blu Banyan and Enact will be at the Enact Solar Summit in New York on June 17, 2025 to share more details on how this partnership will enhance installer productivity and profitability, to vision-cast solar best practices for the potential post-ITC business environment.

Enact’s award-winning software platform is designed to transform and accelerate clean energy globally. Enact is the only two-sided platform that allows both residential and commercial users to simplify their entire solar and energy storage purchase and ownership journey, designed by Enact and delivered by local solar professionals. Enact also enables thousands of professionals in over 25 countries to sell and deliver projects and manage solar assets for long-term performance.

Learn more at https://enact.solar/.

Learn more at www.blubanyan.com

Enact design software users will now have the ability to access Renusol’s detailed bill of materials (BOM) directly through the Enact Design Software – eliminating the need to recreate projects in Renusol’s PV Configurator. This integration delivers two key benefits, accelerating proposal and contract pricing with instant and accurate bill of materials and minimizing errors for operations teams during post contract signing. With a one click BOM access through Enact, users gain a more efficient, error free workflow when utilizing Renusol components.

Installers who currently use other design solutions with Renusol’s PV Configurator face many challenges. They must manage a disconnected workflow, creating many operational inefficiencies. Frequently, the sales team members who sell the project are different from those who place the orders on Renusol’s Configurator. When project designs change at the last minute or after the agreement is signed, managing those changes becomes cumbersome. Each design adjustment impacts the Renusol parts ordered, which in turn affects pricing, margins, and delivery timelines.

“The Enact-Renusol integration partnership represents a game-changing advancement for the solar industry. By streamlining the project change management cycle, this partnership will deliver immediate value to both Enact and Renusol users in all markets. More importantly, it addresses a critical pain point in our industry, the disconnect between sales and operations teams. Solar companies will see significant cost savings by eliminating design and ordering errors, increase operational efficiency and keep customers satisfied,” said Manasij Kar, Head of Product and Co-Founder of Enact Solar.

“Renusol has been committed to providing simple, secure, and comprehensive solutions specializing in PV mounting systems for the past several decades. Our partnership with Enact Solar further proves our commitment to innovation and collaboration across the solar market. It gives Enact Users the possibility to receive a full state of the art static calculation for the mounting system and to achieve thereby the necessary reliability and stability of the PV System for the designated life time.  The integration of the Enact Solar Design software with our PV configurator is exactly the kind of innovation our industry needs to scale efficiently in a cost-effective manner,” said Marko Balen, Head of Business Development of Renusol.

Renusol and Enact will be at the Intersolar Europe Conference in Munich, Germany, May 7-9, 2025. Visit Enact at Booth C4-563. Visit Renusol at Booth A6.-414.

With more than 20 years of experience and the delivery of mounting systems for more than 6 Gigawatts to more than 48 countries, Renusol is one of the key players in the PV industry.

The business of deploying Solar & Storage projects for homes and buildings has a complex value chain that starts with OEMs and their distribution networks, followed by solar installation companies (also known as ‘EPC’ firms: engineering, procurement and construction), third-party financing firms and asset management. 

As shown below, this value chain is fragmented with thousands of firms that work together to deliver ~300-500k residential projects per year and ~10k commercial projects per year in the US market. Also shown below is the consumer’s extended influencer and marketing network that plays a significant role in their buying decision; plus the authorities that grant approval for such projects – cities, AHJs & utilities that provide net metering access. And finally, various other providers of business services like software, third-party marketing and legal services play a major role as well.

Behind every successfully completed project, there are ~20 different companies involved : 10+ different manufacturers of various components, at least one distributor for key hardware supply, 3-5 different firms that complete the EPC role (including permit engineering, outsourced labor crews and third-party marketing firms), at least one consumer financing company (80% of projects are financed), at least 2 authorities granting approval along with one maintenance provider and one or more software vendors.

Needless to say, it’s a complex industry like many others that delivers $Billions of dollars in product/services per year to building owners. Partnerships between firms happen at every step of the value chain: OEMs partner with distributors downstream, similarly distributors partner with EPCs downstream and EPCs in-turn partner with a host of business service providers like financing companies, permit engineering firms, marketing platforms and also maintenance providers. 

Why are partnerships so crucial for success in this industry? There are four key reasons:

• Reduce customer acquisition cost: partnerships along the value chain help every firm reduce its own customer acquisition cost. E.g. for an OEM, it is difficult to find and serve every EPC in every city / state on their own in a profitable way and so partnerships with regional distribution companies is crucial to gain EPC customer access.

  Similarly, for an EPC, it’s crucial to partner with marketing platforms that help find end-clients through a variety of online marketing services, either online and offline. In the US market, soft costs reign high and project margins are slim, hence keeping customer acquisition cost low is crucial for success.

• Efficient Scale-up of operations: relying on out-sourced third-party firms for specific services like financing of projects, or even repair and maintenance helps build scale faster. While many firms often grow to internalize certain functions (e.g. EPC launching a fund in-house, or even developing in-house software tools), the most successful firms identify their core competence quickly and rely on the best partners to do the rest, for faster growth. The business rules around solar and storage permitting, financing and even utility pricing / incentives vary from one city/state to another – hence partnering with software platforms that can simplify design and sales of new projects can help EPCs grow faster.
• Improve business focus: for every firm in the value chain, it’s crucial to lock the core-competence internally. Whether it’s a financing firm or a maintenance provider, they must identify the one thing they are good at, and improve that over time with focus across the organization. Partnerships allow this to happen faster – firms that quickly find their core focus, and partner with others to achieve the rest of the integrated value offering downstream do better in the long run. It’s the classic ‘build vs buy’ choice, and the most successful firms find out quickly that the ROI is poor to ‘build’ everything in house.

• Data-access for Reliable Asset Operations: partnerships across the value chain help improve the quality of data access for improved maintenance too. For example, a hardware OEM like a battery-inverter maker provides live data on its performance hourly / daily on open networks and this helps EPCs / maintenance firms react to issues quickly, which in turn helps reduce warranty costs and improves customer satisfaction.

  Solar and storage assets provide long-term value by fixing the energy cost, and break-even over 3 to 7 years depending on the location, while operating for 25+ years of warranty. The industry is yet to mature and EPCs being fragmented often go-out of business. The customer’s Asset reliability is important: and having only ONE firm stand behind their system can be risky: unlike the car industry, where OEMs have reliable & powerful dealer networks whereby the customer can purchase and service their cars from one OEM / dealer, Solar / storage assets are equally expensive, yet there are no such OEM / dealer networks. Hence it’s crucial for consumers to have access to data for their project(s) at one place. Software platforms like Enact have the unique ability to enable such partnerships.

Unlike other solar software competitors like Aurora or OpenSolar, Enact is highly differentiated with its focus on asset management & customer outcomes. Enact is the only platform today that has monetized the entire customer journey, with subscription revenues from BOTH the installer and the consumer (B2B2C). Enact’s commercial solar capabilities are now well established in many markets too, so this combination of features has enabled revenue growth in multiple countries simultaneously.

Enact completed its 10th year of operations in 2024 and over the years, Enact has grown its business model carefully while leveraging partnerships consistently along the way. Enact first started with B2B software subscription revenues leveraging its design software platform. Later it unlocked B2B2C revenue through the launch of its Consumer Asset Management offering, and even direct-to-consumer design services / asset management revenues in California. 

Powerful partnerships helped Enact scale its revenue lines rapidly, while keeping customer acquisition costs low and maintaining its core business focus on software and data services. Here’s some examples of successful partnerships, divided into three main groups, only focusing on the US market (additional partnerships are global)

• Partnerships to unlock access Installer clients for Software SubscriptionSuch firms have hundreds of Installer clients, so integrating with them and offering their products can provide automation and stickiness to the user.
  1. Financing providers e.g. Sungage and LightReach
  2. Permit Engineering firms e.g. ExactUS and CRENG
  3. Distributors e.g. CED Greentech
  4. Other Software platforms e.g. BluBanyon
  5. Other Hardware OEMs e.g.  Renusol (roof structure)
• Partnerships that help improve end-customer asset managementEfficient asset management requires removal of ‘data silos’ and Enact’s integration with different OEM hardware data clouds like inverters and batteries enables centralized data access, that enables improved customer service and issue resolution
  1. Inverter Hardware OEMs for data access e.g. Solark and Fronius
  2. Installation partnerships (“Insider”) e.g. 20+ US EPCs
  3. Service and repair networks e.g. 5+ firms like JP Solar that fix / repair
• Corporate Partnerships that help reduce end-customer acquisition costEnact services end-consumer solar and storage project needs directly in California, partnerships with different corporates below enables lower cost of customer acquisition
  1. Retail networks e.g. Batteries Plus and Walmart
  2. Home Electrification partners e.g. Quit Carbon
  3. New-home aggregation e.g. Haven Development

In addition to the above categories, Enact’s Product Platform also has technology partnerships with dozens of vendors (e.g. data providers, imaging providers, cloud services).  Enact also partners with a variety of businesses to scale its offering globally.

Explore the benefits of joining the Enact Partner Program and grow with us.
See how Enact’s software can help you win more projects and better serve your customers. Book a free demo with our team today.

Written by Deep Chakraborty, CEO of Enact Systems, Inc.

New Capability Tackles Key Challenges for Installers, Comprehensive Monitoring of Installations, Solar-Storage Integration, and Proactive System Servicing With AI Insights

PLEASANTON, CALIF. — Enact Solar, the award-winning intelligent digital platform revolutionizing the way solar and energy storage projects are planned, has expanded its Asset Management Platform with AI-driven insights for residential and commercial solar companies, as well as their fleets of customers. This innovation is designed to address key challenges faced by solar installation companies, including siloed design and monitoring data, growing complexity of solar-plus-storage systems and the increase in orphaned systems.

Drawing on insights from its latest white paper, The Future of Residential Solar & Storage Asset Management, Enact’s research highlights the challenges faced by small to mid-sized installation companies. Current monitoring systems often leave installers juggling multiple platforms, reactive service workflows and complex troubleshooting processes.

Unlike other platforms, Enact is the first-of-its-kind software platform for the solar industry where design-proposal data is housed on the same platform as monitoring data for outcomes, unlocking powerful opportunities for AI-enabled learning and automation.  AI-driven tools handle routine inquiries, optimize system performance and generate financial reports to track ROI and savings, with consumer-facing chat support and alerts.

“Our platform transforms how installers proactively manage solar-and-storage assets, enabling faster troubleshooting, better customer service, and greater operational efficiency. This drives happy clients and therefore more referrals for the business, ultimately driving faster growth,” said Deep Chakraborty, CEO of Enact Solar.

Enact’s solution also tackles emerging challenges like the rise of solar-plus-storage systems and an increasing number of orphaned systems resulting from bankrupt solar companies. By equipping installers with tools to efficiently service these systems, the platform helps businesses thrive in a competitive market.

“Enact’s Asset Management Platform is a game-changer – I can manage my client issues more proactively. Also the Consumer App monetizes Referrals on our brand,” said Mike Thompson, CEO of Golden Bear Solar Inc.

About Enact

Enact’s award-winning software platform is designed to transform and accelerate clean energy globally. Enact is the only two-sided platform that allows both residential and commercial users to simplify their entire solar and energy storage purchase and ownership journey, designed by Enact and delivered by local solar professionals. Enact also enables thousands of professionals in over 25 countries to sell and deliver projects and manage solar assets for long-term performance.

Learn more at https://enact.solar/.

Enact’s solar and storage software platform launched in California by CEO, Deep Chakraborty and Head of Products, Manasij Kar in 2014, has now expanded its reach to users in over 35 countries. Enact not only assists homeowners and businesses in purchasing solar and storage systems but also provides solar installers with an all-in-one cloud software solution for designing and managing projects.

Enact provides custom solar and energy solutions for homeowners and businesses to help simplify their transition to clean energy. Enact energy advisors leverage Enact’s advanced software to design tailored solar energy systems to ensure optimal efficiency and savings. Post installation, Enact technology ensures that the solar panels and the energy storage systems operate efficiently. The software tracks, analyzes, and reports both recent and historical performance, allowing users to monitor the production and consumption of solar-generated electricity.

The Enact technology platform has also greatly increased project design and sales teams’ productivity at small and medium-sized solar companies all across the world. Mitigating the need for many different technologies to accomplish the same task, Enact now enhances customer service and offers transparency to the end-user by streamlining post-install operations and maintenance for project fleets.

“Simplifying the customer journey is crucial as millions of customers purchase onsite solar for their residences and commercial buildings. Enact’s independent platform has integrated with all major solar equipment and energy storage OEMs over the last ten years, increasing choice and transparency during the purchasing process and making it easier for owners to obtain long-term maintenance from their installers,” said Deep Chakraborty, CEO of Enact. “Renewable Energy is going through a customer revolution, as solar-powered electricity is now used to power not just homes, but also electric cars. The dependability of solar systems, backed by technology, becomes even more crucial.”

• 500+ solar companies in 30+ countries have used Enact’s design and proposal platform.
• Enact has processed $12 billion+ in project proposals since its inception.
• Consumer Asset fleet on Enact’s platform, generates 53 million kWH of renewable energy and 95 million MT of CO2.
• The Enact team has grown to ~80 employees, living in 6 countries and 25 cities.

• Enhancement of software and service offerings for commercial clients across the U.S. and several international markets.
• Expansion into key markets such as Europe and Middle East, to broaden its consumer-facing products and services in those regions.
• Enact’s solar monitoring software optimized for end-users with the addition of analytics, data services and maintenance alerts to improve the customer ownership experience.
• Introduction of Enact Summit Series, a new initiative to train solar professionals through in-person and online events. The summits will cover topics such as energy storage and EV charging, case studies and presentations from leading renewable energy experts and manufacturers. Enact Summits will take place in North America and various international markets.

Enact will exhibit at RE+ 2024 in Anaheim, California, the largest solar and energy storage event in North America, from September 9-12, 2024. Enact will showcase updated features of its two-sided solar platform for installers, homeowners and commercial projects.

SAN FRANCISCO May 22, 2024 —  Award-winning solar software platform, Enact Solar has published its 2023 U.S. Solar and Storage Market Intelligence Report today, offering an overview of the solar energy landscape in the United States. With California’s transition to NEM 3.0, the report highlights an improving return on investment for solar and storage investments, bolstered by declining hardware prices and increasing utility rates. Enact customers are seeing a shorter payback period now, around 5.5 years, when compared to around 7.6 years under NEM 2.0.

This comprehensive report provides invaluable insights into the trends, challenges and advancements shaping the American solar and storage market, underlining the pivotal role of Enact’s innovative platform in the clean energy transition. The 2023 report found the Enact platform has proposed over $996 million worth of projects in the U.S. and over $12.8 billion globally, as of December. 31, 2023. The platform has monitored over 110 megawatts of systems.

“The 2023 report indicates that the U.S. residential consumer’s transition to solar and storage has become increasingly complex, with a growing number of brand choices, complex NEM rates, and widely varying installer service levels,” said Deep Chakraborty, Enact CEO. “However, as energy consumption patterns rise and solar/storage hardware prices decline, the consumer’s ROI is steadily improving.”

Highlighted within the report is the notable proliferation of energy storage options, with an over 100% increase in the number of brands proposed on the Enact platform between 2022 and 2023. This surge in options creates heightened complexity for both consumers and installers, emphasizing the need for trusted sources in the industry.

The Enact report underscores the escalating spread in pricing across brands, including in residential sales with storage paired with solar. The average pricing for solar-plus-storage systems was around $3.60/Watt and peak pricing around $5.85/W for residential projects. There was a wide range in residential pricing for solar-only systems, with average pricing at $3.33/W and peak pricing at $5.12/W.

The report compared the average consumer pre-project energy consumption with electric bill values for customers. Enact found a 5% increase in the median bill and a 37.72% higher pre-solar consumption for customers seeking solar and/or storage options in 2023, when compared to 2022. Increasing consumption — along with increasing utility costs and climate change — have increased demand for solar solutions.

The Enact Platform evaluation revealed a significant variance in service levels among installers, emphasizing the critical need for reliable data and guidance in the selection process. As consumers navigate the complexities of transitioning to solar and storage solutions, Enact remains steadfast in its commitment to providing trusted advice and facilitating seamless experiences through its innovative platform.

For more information and to access the full report, please visit Enact’s website: https://enact.solar/enact-2023-u-s-solar-and-storage-market-intelligence-report/