Looking back at Enact’s 10th Year

December 23, 2024
2024 has been a landmark year for Enact Solar, as we proudly celebrate a decade of innovation and growth in the solar and energy storage industry. From our humble beginnings in California to becoming a global leader in solar design and asset management software, this year marks a significant milestone in our journey. As we reflect on our accomplishments, we are reminded of the impact our platform has had on transforming how solar projects are designed, sold, and managed worldwide. With an unwavering commitment to simplifying the solar journey for both homeowners and installers, Enact continues to lead the charge in empowering the global transition to renewable energy.

Celebrating a Decade of Innovation

2024 marked a milestone year for Enact Solar as the company celebrated its 10th anniversary, a decade defined by groundbreaking advancements in solar technology and a steadfast commitment to clean energy. Since its founding in 2014 by CEO Deep Chakraborty and Head of Product Manasij Kar, Enact has transformed how solar and energy storage projects are designed, implemented and managed. Our platform enables installers to accelerate their businesses and empowers the transition to renewable energy for residential and commercial consumers.

From its origins in California, Enact’s award-winning digital platform has grown to serve users in over 35 countries, making it a trusted name in solar technology worldwide. With a focus on simplifying the solar purchase and ownership journey, Enact has introduced innovative tools that empower homeowners and businesses to design tailored energy systems, monitor their performance, and achieve long-term savings and sustainability.

10-Year Milestones:

  • Over 500 solar companies across 30+ countries have leveraged Enact’s design and proposal platform.
  • Enact has processed more than $12 billion (as of 2023) in project proposals, underscoring its pivotal role in the global solar market.
  • The fleet of renewable energy assets monitored on Enact’s platform generates 53 million kWh of clean energy annually, offsetting 95 million metric tons of CO2 emissions.
  • The Enact team has grown to 80+ employees across six countries and 25 cities, reflecting its global reach and collaborative spirit.

These achievements are a testament to Enact’s vision of simplifying renewable energy adoption for millions of customers. By integrating with major solar equipment and energy storage manufacturers, Enact has expanded choice and transparency for consumers while enabling installers to provide streamlined services and long-term maintenance.

“Renewable energy is undergoing a customer revolution, with solar-powered electricity transforming homes, businesses and even the way we charge electric vehicles. Dependable solar systems, backed by technology, are the backbone of this transformation and we’re proud to lead the way,” Deep Chakraborty, CEO of Enact Solar, said.

Looking ahead, Enact is poised to continue innovating with plans to enhance its offerings for commercial clients and expand into new markets like Europe and the Middle East.

The Next Generation of Solar Software Solutions

Enact Solar unveiled a significant upgrade to its Solar Design Software, marking a new era for solar installation professionals. The 2024 version introduces cutting-edge features designed to enhance productivity, streamline project workflows and deliver unparalleled accuracy in solar and energy storage designs. By leveraging the Enact Solar Design Software, installers can confidently present designs to their customers.

One of the standout features of this update is the automatic height and obstacle detection, which identifies roof heights and nearby shading elements, such as trees. This functionality optimizes shading analysis, ensuring solar panels are placed for maximum efficiency and solar access. Additionally, the software includes hourly simulations of solar and energy storage charging cycles, enabling installers to accurately size systems for homeowners and businesses.

Beyond design, Enact accelerates the contracting process with dynamic pricing data, customizable electronic contracts capabilities, reducing delays and improving the overall customer experience..

“Our newly enhanced solar design software transforms how solar and storage projects are planned and executed,” said Manasij Kar, Co-Founder and Head of Product at Enact. “By harnessing data-driven insights, installers can now minimize errors and maximize efficiency, creating a faster, more accurate process for both professionals and their customers.”

“As the demand for solar energy surges worldwide, especially in the U.S. where rising EV adoption and increasing utility rates are driving record demand for affordable electricity, this software is a game-changer,” Chakraborty said. “It reinforces our commitment to making the transition to solar simpler and more accessible for homeowners, businesses and local communities.”

Driving Renewable Energy Innovation with Oracle Blockchain

Affordable and Accurate 3D Designs in Seconds
In 2024, Enact took a bold step to redefine how solar energy projects deliver value by integrating Oracle Blockchain technology into our software platform. This game-changing innovation enables customers to unlock new financial benefits while contributing to a more sustainable future.

By leveraging the Oracle Cloud Infrastructure (OCI) Blockchain Platform, Enact offers a seamless way to certify energy production, track asset performance, and create verifiable Renewable Energy Certificates (RECs). These certificates represent clean energy generation and are tradable assets that offset the cost of solar installations. Through partnerships with systems like the Western Renewable Energy Generation Information System, Enact customers can monetize their solar investments while driving demand for renewable energy solutions.

“Our platform simplifies solar ownership while allowing customers to access the rapidly growing REC market,” said Enact CEO Deep Chakraborty. “This helps make solar energy more attainable and affordable for homeowners and businesses alike.”

This year, Enact has empowered customers to lower utility costs, reduce transaction expenses and contribute to global sustainability. By integrating blockchain technology, we’re not just innovating solar ownership—we’re setting a new standard for transparency and efficiency in renewable energy markets.

Driving Insights Through Data: Enact’s Groundbreaking Studies

In 2024, Enact Solar reinforced its role as a leader in the solar industry by leveraging the data on its platform to deliver actionable insights for solar installers, residential consumers and industry stakeholders. Two key studies conducted this year provided invaluable clarity on solar and storage investments amid evolving market conditions.

NEM 3.0 Study: Revealing Positive Outcomes for California Solar Customers

Enact’s research revealed that California homeowners under the NEM 3.0 scheme are achieving fast returns on their solar investments, with an ROI of just 4.8 years for solar systems and 5.5 years for solar-plus-storage solutions. This improvement, driven by declining hardware costs and rising PG&E utility rates, highlights the continued financial viability of solar adoption despite regulatory challenges.

“Despite the complexities of NEM 3.0, homeowners can unlock significant savings with solar-plus-storage systems. Our platform simplifies the customer journey, providing transparency, choice and accurate ROI tracking,” Chakraborty said.

By combining sophisticated analytics with user-friendly tools, Enact ensures homeowners and installers can navigate market complexities confidently. Key features like automated proposals and detailed savings simulations make solar adoption seamless, even as rate structures and hardware options grow increasingly intricate.

A Year of Leadership: Welcoming Dr. Philip Comberg to the Enact Board

A Year of Leadership: Welcoming Dr. Philip Comberg to the Enact Board

In May 2024, Enact proudly announced the addition of Dr. Philip Comberg to our Board of Directors, marking a significant milestone in our journey of innovation and growth. Dr. Comberg, a seasoned leader with over 15 years of expertise in the renewable energy industry, brought with him a wealth of experience from his previous roles. His deep understanding of renewable energy and financial management perfectly aligns with our mission to transform solar and energy storage solutions globally.

Driving the Global Solar Transition

Driving the Global Solar Transition

Enact Solar, a global leader in solar design and sales software, is strengthening its presence in Europe and other target regions to support the continent’s ambitious renewable energy goals. From localized features to participation in premier industry events, Enact is tailoring its platform to meet the diverse needs of solar installers in over 35 countries.

Enact Launch in Germany: Leading the Charge in Solar Innovation

Germany, a global solar leader, is central to Enact’s European strategy. The company has made significant strides to adapt its award-winning platform for German solar professionals.

A German-language interface launched in 2024 enables installers to design and manage projects more effectively. The platform integrates local energy tariffs and financing options, ensuring compatibility with the unique demands of the German market.

Enact’s updated software includes East-West solar configurations, precision shading analysis and obstacle detection—critical for maximizing energy production on limited roof space.

Participation in events like Intersolar Europe, Solar Solutions Düsseldorf and Solar Solutions Bremen underscores Enact’s commitment to empowering German installers with cutting-edge solutions and fostering connections within the renewable energy community.

A Unified Platform for a Diverse Markets

Beyond Germany, 2024 saw a strategic push in the United Kingdom, Italy, Spain and other European markets — as well as events in Mexico, Puerto Rico and Dubai. Enact’s adaptability extends beyond language and regional features. Its support for East-West configurations, metric and imperial systems and multilingual software interfaces in English, German and Spanish reflects the platform’s versatility across the globe.

Additionally, the Enact Solar Design Software hosts a comprehensive database with local utility rates and tariffs. These enhancements empower installers to optimize designs and streamline sales processes — which drives growth in competitive markets.

Enact Summits in Puerto Rico & Dubai

Enact launched a new series of workshops to engage with solar and renewable energy professionals in specific markets, in an open format of dialogue and discussion. Structured as a workshop where professionals present and share their ideas in small groups, organized by Enact’s experts, the Enact Summit has generated a lot of interest on its launch in Dubai and Puerto Rico this year. Stay tuned for more of such events in the USA and Europe for 2025.

Derin Josen of EV MERGE explores the current opportunities for EV charging deployment and the role of policy for EV infrastructure.
Rajat Mathur, Business Development Leader at Cummins Inc. discusses the role of battery storage technology in meeting sustainability goals. Mathur explores recent case studies and the current market state.
Dr. Jagannathan, Senior General Manager of Sustainability at Sobha Realty, and Deep Chakraborty discuss the current trends for the construction of buildings in UAE & Saudi Arabia to meet net zero goals. Solar has a place within these long-term sustainability missions.
Shivani Agarwal, CEO of CleanMax, and Deep Chakraborty discuss what are the future trends in commercial and residential solar financing, as solar expands from Dubai to the broader Middle East region.

Expansion to the Mid-Atlantic Region

Enact has also expanded its residential and commercial marketplace focus to include Mid-Atlantic states, such as Pennsylvania and New Jersey. Similar to our marketplace services in California, Enact empowers clean energy consumers with custom proposals generated with our own Solar Design Software.

Expansion to the Mid-Atlantic Region

As we look back on a transformative 2024, Enact Solar remains at the forefront of the solar industry, driving progress and innovation across the globe. Our achievements over the past decade reflect our dedication to enhancing the solar experience for installers, businesses, and homeowners alike. With new technologies, strategic expansions, and a continued focus on sustainability, we are excited for what the future holds. Enact is poised to continue shaping the future of solar energy, helping communities worldwide achieve a cleaner, more sustainable future through smarter, data-driven solutions.
Whatsapp