Are you wondering if Horizon Solar, the prominent residential and commercial solar installation company based in Southern California, has gone out of business? Let’s clear up the rumors and get to the facts.
Contrary to speculations, Horizon Solar has not closed its doors. In fact, it has recently undergone a significant development that positions it as one of the industry’s leading players.
Continue reading to discover what happened to Horizon Solar and how its future looks!
The Merger with Solar Spectrum
The merger between Horizon Solar Power and Solar Spectrum marks a significant milestone in the solar industry. These two well-established companies have joined forces under the Sungevity brand to create a powerful entity that aims to dominate the residential solar market. By leveraging their combined expertise and resources, the new company is poised for continued growth and success.
Solar Spectrum, now the parent company of Horizon Solar, is the second largest provider of residential solar systems in California and the fourth largest in the country. This merger solidifies the financial strength and scalable business model of Horizon Solar, positioning it as one of the fastest-growing solar companies in the nation.
The Power of Collaboration
The merger between Horizon Solar and Solar Spectrum presents a unique opportunity for industry consolidation and market share gains. With a 1.8 percent national market share, the combined company now ranks fifth among U.S. residential installers. This strong market position, coupled with the company’s financial stability, allows Horizon Solar to expand its operations beyond California and pursue its national aspirations.
Additionally, the merger reinforces the commitment to excellent customer service and a positive customer experience. Horizon Solar and Solar Spectrum share a customer-centric approach, which has contributed to their success in the residential solar industry. This focus on customer satisfaction sets the merged company apart from its competitors and further enhances its potential for market leadership.
The merger with Solar Spectrum has brought Horizon Solar Power to new heights, solidifying its position as a leading player in the residential solar industry. The combined strength of these two companies under the Sungevity brand sets the stage for future growth and success in the dynamic and evolving solar market.
Positive Impact of Sungevity Brand
The merger between Horizon Solar Power and Solar Spectrum has not only solidified the financial strength and scalable business model of Horizon Solar, but it has also brought about a positive impact through the Sungevity brand. Despite Sungevity’s bankruptcy and subsequent reemergence as Solar Spectrum, the leadership team firmly believes in the brand’s positive values and commitment to excellent customer service.
This approach sets Horizon Solar apart from other players in the residential solar industry, contributing to its continued growth and success. By embracing the Sungevity brand, the company demonstrates its dedication to delivering top-notch services and solutions to its customers.
With the merger, Horizon Solar now operates as part of Solar Spectrum, positioning itself as the largest residential solar company in Southern California and one of the fastest-growing solar companies in the nation. This national recognition further reinforces the positive impact of the Sungevity brand and showcases Horizon Solar’s commitment to excellence in the industry.
National Aspirations and Market Share
The merger between Horizon Solar and Solar Spectrum has opened new doors for Horizon Solar’s national aspirations. Previously operating solely in California, the combined company now has the opportunity to expand its operations and reach customers across the country. With a 1.8 percent national market share, the company currently ranks fifth among U.S. residential installers.
This significant market position, coupled with the company’s financial strength and scalable business model, positions Horizon Solar for further growth and the potential to become the fourth largest residential installer in the country by next quarter. The merger with Solar Spectrum has provided Horizon Solar with the resources and capabilities to compete on a national level and solidify its position as a key player in the residential solar industry.
Expanding Reach and Growth Potential
The expansion beyond California allows Horizon Solar to tap into new markets and take advantage of the increasing demand for residential solar systems across the country. With its proven track record of success and expertise in solar installation, Horizon Solar is well-positioned to capture a larger share of the market and establish itself as a leader in the industry.
The merger with Solar Spectrum not only expands Horizon Solar’s geographical reach but also brings together two well-established companies with a shared vision for growth and excellence in customer service. The combined company is committed to providing homeowners with high-quality solar solutions and exceptional customer experiences, further enhancing its reputation and market presence.
In conclusion, Horizon Solar’s merger with Solar Spectrum has propelled the company towards its national aspirations and increased its market share on a national level. With a strong financial foundation and a scalable business model, Horizon Solar is well-positioned to continue its growth and become one of the leading residential solar installers in the United States.
Customer Focus and Industry Consolidation
Horizon Solar’s and Solar Spectrum’s shared commitment to excellent customer service and a positive customer experience set them apart in the residential solar industry. With a focus on delivering high-quality solar installations and personalized service, the companies aim to meet the unique needs of each customer. By prioritizing customer satisfaction and fostering long-term relationships, Horizon Solar and Solar Spectrum have built a strong reputation in the industry and gained the trust of homeowners across the nation.
As the residential solar market continues to grow, industry consolidation becomes increasingly important. The merger between Horizon Solar and Solar Spectrum positions the combined company as a leader in the industry, with the potential to pursue additional strategic combination opportunities. The goal of this consolidation is not only to expand market share but also to create a more streamlined and efficient solar installation process for customers. By leveraging their combined resources and expertise, Horizon Solar and Solar Spectrum can drive innovation and enhance the overall customer experience.
Industry consolidation also benefits customers by providing them with a wider range of products and services. Through a larger and more diverse portfolio, Horizon Solar and Solar Spectrum can offer innovative solar solutions tailored to individual needs. This includes options such as energy storage systems, smart home technologies, and other advancements in the residential solar space. By staying at the forefront of industry trends and continuously improving their offerings, the combined company aims to meet the evolving demands of customers and provide them with the best possible solar experience.
Continued Growth and Success
Through their customer focus and commitment to industry consolidation, Horizon Solar and Solar Spectrum are well-positioned for continued growth and success. With a strong market presence and a reputation for excellence, the combined company is poised to capture additional market share and expand its operations nationally. As the residential solar industry continues to thrive, Horizon Solar and Solar Spectrum are dedicated to delivering reliable, sustainable, and cost-effective solar solutions to customers across the country.
Concerns and Complaints
While Horizon Solar has successfully navigated the solar industry and emerged from bankruptcy, there have been some concerns and complaints from customers. It’s essential to address these issues to provide a balanced view of the company’s operations. One example is a couple from Redmond, Oregon, who claim they were left with a monthly bill for solar panels that were never activated. They also allege that they were not informed about the need to replace their roof prior to the installation of the panels.
These isolated incidents highlight the importance of transparent communication and thorough assessments before installing solar panels. While Horizon Solar strives to deliver excellent customer service, it’s crucial for customers to ensure they are well-informed and ask the necessary questions before making any commitments. To prevent similar situations, potential customers should thoroughly research solar installation companies, review contracts, and seek clarification on any concerns before proceeding.
Addressing Customer Concerns
Horizon Solar takes customer complaints seriously and aims to resolve them promptly and satisfactorily. If customers have any issues or concerns, it is recommended that they contact Horizon Solar directly to discuss their specific situation. In cases where a resolution cannot be reached directly, customers can consider seeking assistance from relevant consumer protection agencies or regulatory bodies in their state.
It’s important to note that while these concerns and complaints exist, they do not reflect the overall business status or operations of Horizon Solar. The company’s merger with Solar Spectrum has positioned it as one of the fastest-growing residential solar system providers in the country. Despite these isolated incidents, Horizon Solar remains committed to providing quality solar installation services and strives to address any customer concerns to ensure a positive and satisfactory experience for all.
BBB Rating and Consumer Advice
If you’re considering Horizon Solar for your solar installation needs, it’s important to be aware of the company’s BBB rating and take note of consumer advice. Currently, Horizon Solar has received an F rating from the Better Business Bureau. This rating is primarily attributed to the company’s lack of response to disputes filed with the BBB. While the rating may raise concerns, it’s essential to consider all aspects of the company’s business status.
When dealing with any door-to-door sales company, including solar installation providers like Horizon Solar, it is highly recommended to check their BBB profile. Additionally, it is crucial to ensure that they are properly licensed and have a track record of excellent customer service. This step can help protect consumers and ensure a positive experience with their solar installation.
In the event that you encounter any issues with Horizon Solar or any other solar installation company, it is advisable to file a complaint with the state regulator. For example, customers in Oregon can submit their complaints to the Oregon Department of Justice. Taking these measures can help address any concerns and contribute to maintaining a transparent and reliable marketplace for solar installations.
FAQ
Did Horizon Solar go out of business?
No, Horizon Solar Power has not gone out of business. In fact, the company recently merged with Solar Spectrum to create the nation’s fourth largest residential solar system provider.
What happened to Horizon Solar?
Horizon Solar merged with Solar Spectrum to form a larger and stronger company. This merger positions Horizon Solar as the largest residential solar company in Southern California and one of the fastest-growing solar companies in the country.
Is Horizon Solar still operating?
Yes, Horizon Solar is still operating. The merger with Solar Spectrum has solidified its financial strength and scalable business model, positioning it for future growth and success in the industry.
What is the market share of Horizon Solar?
The merger between Horizon Solar and Solar Spectrum has allowed Horizon Solar to expand its operations and increase its market share. It now ranks fifth among U.S. residential installers with a 1.8 percent national market share.
What is the customer focus of Horizon Solar?
Horizon Solar and Solar Spectrum are committed to excellent customer service and providing a positive customer experience. This customer-centric approach sets them apart in the residential solar industry.
Are there any concerns or complaints about Horizon Solar?
While there have been some concerns and complaints from customers, these are isolated incidents and do not reflect the overall business status or operations of Horizon Solar.
What is Horizon Solar’s BBB rating and consumer advice?
The Better Business Bureau (BBB) has given Horizon Solar an F rating primarily due to the company’s lack of response to disputes filed with the BBB. Consumers are advised to check the BBB profile of any door-to-door sales company and ensure they are properly licensed. If issues arise, consumers can file a complaint with the state regulator, such as the Oregon Department of Justice.