Ardmore, Pennsylvania – July 1, 2014 – Two of the rising stars of the solar industry are joining forces in a new partnership that further increases efficiency in the industry. ModSolar, which is changing the solar industry by creating the software and processes that make the industry more effective and efficient today announced an agreement with Enphase Energy (NASDAQ: ENPH), the world leader in microinverter systems technology.
ModSolar will incorporate Enphase System energy production calculations into the ModSolar platform, so that ModSolar proposals will show the production boost available to their customers. In addition, Enphase will offer their customers a 20 percent discount on a subscription to the ModSolar platform.
“Enphase is, like us, a rapidly-growing player in the solar industry, and we are both companies that represent the future of the industry,” said Mike Dershowitz, president and co-founder of ModSolar. “We believe that Enphase’s approach to converting electricity from individual solar panels is a major step forward in inverters. Our incorporation of their energy production calculations into the ModSolar platform will be a huge benefit for solar installers, once they see the huge efficiency gain they can give their customers by using Enphase microinverters.”
ModSolar’s software enables solar providers to produce solar proposals and contracts in less than five minutes, including the (patent-pending) placement of panels on an image of the prospect’s roof, as well as the calculation of the return on the solar investment. ModSolar develops software that dramatically reduces the “soft costs” involved in solar sales, solar system design, production of high-quality solar proposals, and all the paperwork surrounding solar installations. Currently, more than $25 million per day in solar proposals are being generated through ModSolar’s software platform, representing an estimated five percent of the solar market in the United States. Hundreds of ModSolar users produce over 1,500 solar proposals each week.
"Our partnership with ModSolar is another key to advancing solar growth,” said Paul Nahi, CEO of Enphase Energy. “Enphase technology makes a solar installation more productive and easier to manage. ModSolar’s software and technology innovations streamline and improve the efficiency for planning, selling and financing solar system installations. This powerful combination will further drive business efficiencies for solar professionals who are looking to automate and accelerate their businesses to meet growing demand.”
ModSolar is presenting their platform and services at the upcoming Intersolar North America, North America's most well-attended solar event and premier networking platform, Tuesday, July 8th through Thursday, July 10th at the Moscone Center in San Francisco. The team from ModSolar, including Dershowitz, will be exhibiting in booth #8737, with demonstrations and presentations throughout the conference. Additional information about Intersolar North America is available at http://www.intersolar.us/en/intersolar.html.
About Enphase Energy:
Enphase Energy delivers micro-inverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. The company’s semiconductor-based micro-inverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation. Additional information is available at http://www.Enphase.com.
ModSolar’s software lets solar providers produce solar proposals and contracts in less than five minutes, including placement of panels on an image of the prospect’s roof, as well as calculation of the return on the solar investment. ModSolar develops software that dramatically reduces the “soft costs” involved in solar sales, solar system design, production of high-quality solar proposals, and the related paperwork surrounding solar installations. Hundreds of ModSolar users currently produce over 1,500 solar proposals each week. Additional information is available at http://www.ModSolar.net.
For ModSolar: Jim DeLorenzo, 215-266-5943, firstname.lastname@example.org
For Enphase Energy: Christine Bennett, 707-763-4784, email@example.com