Solar Merchant Information

Leading Solar Marketplace Pick My Solar Enters Commercial Sector With Acquisition of Solar Merchant LOS ANGELES—June 14, 2016—Pick My Solar, a California-based online solar purchasing platform, has acquired the award-winning startup Solar Merchant, extending its disruptive solution to commercial real estate owners and tenants. Solar Merchant, founded by veterans of SunEdison, SolarCity, and Intel, created a model that shortens the project development cycle in small commercial solar from months to weeks. In December 2015, Solar Merchant won the US Department of Energy (DoE) Catalyst Energy Innovation Prize, which provided funding from DoE’s SunShot Initiative. “The growth potential in the commercial sector is immense. The Solar Merchant acquisition aligns with our long-term growth strategy, leveraging our proprietary technology to streamline the commercial sales and finance processes and continue reducing the soft costs of going solar,” said Max Aram, CEO of Pick My Solar. “Pick My Solar has built the nation’s leading solar marketplace that facilitates the customer experience from lead to contract,” said Solar Merchant co-founder and CEO Kyle Cherrick. “Our team is incredibly excited to continue building this platform for business owners, commercial real estate managers, nonprofit organizations, and multi-family living facilities within the Pick My Solar platform.” About Pick My Solar Pick My Solar is an online solar purchasing marketplace, providing homeowners and business owners with expert advice and high quality custom bids from a national network of highly qualified solar installers. The overarching mission of Pick My Solar is to simplify the solar purchasing process, drive down costs, and provide the consumer advocacy necessary for solar to achieve broad market success. For more information, please visit: pickmysolar.com.