On Friday, January 27, 2012, Sunetric turned eight years old and entered our ninth year of business. (And we celebrated! See photos from our party at Kailua Beach Park.) On this auspicious occasion, we want to take a moment to remember where we’ve been and take a look at where we are.
2004 Sunetric Founded
25 years old
At age 25, Sean Mullen, an idealistic adventurer, moved to Hawaii from Pennsylvania with his future wife Beth-Ann. He kept an open-minded attitude and held firmly to the philosophy that people should leave the world a much better place than the way they found it. He and Beth founded Sunetric in 2004.
Having quickly earned the reputation of being the top solar design and installation company in the state, Sunetric experienced a huge demand for its services early on.
In 2008, Sunetric completed projects at Kona Commons Shopping Center, the largest roof-mounted photovoltaic installation in Hawaii, and Wilcox Memorial Hospital on Kauai, the second-largest solar farm in Hawaii.
2008 Landmark Projects
2010 Expansion
In 2010, with an expanding team and a growing portfolio, Sunetric moved into a much larger, custom-built joint office and warehouse facility in Kailua. They also hired senior management and support, including CEO Alex Tiller.
2011 The Biggest Year Yet
$132M Annual Sales
Fivefold Increase from 2010
4 Offices
In November, Sunetric opened three new mainland offices in Washington, D.C., Pittsburgh and Denver. Due in part to this expansion, as well as continued growth in Hawaii, the company expects to have 240 full time employees by the end of 2012; a 71 percent increase from its current 140 employees.
In 2011, Sunetric performed the following installations and photovoltaic projects:
505
Residential
Systems
42
Commercial
Systems
45,911
kWh Generated Daily
by Those Systems
And those 557 projects will generate:
$2.3M Yearly Savings
$12M 2011 Customer Savings
Highlighting a few of 2011′s milestone commercial projects:
Three feed-in tariff (FIT) projects completed. A 175 kW PV system for Queen Bee, a 14.8 kW system for Ideal Construction, and a 39.4 kW system for ROIZ, LCC warehouse on Maui, which is estimated to generate more than $15,000 in revenue annually, with the total return on investment expected by 2016.
$15K
Annual Revenue
At ROIZ, LLC
420
Barrels of Oil Saved Annually at BMW
BMW is Sunetric’s sixth car dealership PV installation. The solar array at BMW’s Kapiolani Blvd. location will generate more than 21,000 kWH of energy per month.
Three Power Purchase Agreement installations in 2011, bringing Sunetric’s total to 15. Waialae Elementary’s 138 kW system was installed with no upfront cost. The system is expected to generate more than 21,000 kWH of energy every month.
$9K
Yearly Electric Savings
At Waialae Elementary
$12,600,000 Customer’s Money Saved in 2011
2004→2012
30MW Installed Since 2004
40% of Net-Metered PV in Hawaii
133,333 Panels
70 Miles of solar
2,300+ Satisfied Customers
100+ Commercial Projects
6,720 ft2 Office
5,440 ft2 Warehouse
140 Employees
445,500
Barrels of Oil Saved from Import to Hawaii
290,250,000
Pounds of CO2 Emissions Prevented
All of us at Sunetric want to extend a hearty thanks to you for making these eight years so wonderful. We have loved working you and can’t wait to keep making Hawaii more sustainable with your help. Here’s to another great eight years and many more for the team at Sunetric and all of our customers.
Calculations based on EPA formulae and data from the Honolulu Department of Planning and Permitting.
