Neighborhood Sun
Community-shared solar — Making clean energy accessible to everyone.
Analytics
Raised to Date: $801,546
Aggregate Commitments $
Wefunder
07/14/2020
01/12/2021
$100,000
$500,000
$100
SAFE
RegCF
Seed
$15,000,000
20%
Weekly Commitments $
01/24/2021
802%
160%
$4,404
1,268
Silver Spring, Maryland
Energy, Power, & Natural Resources
Cleantech
B2B/B2C
High
Low
Neighborhood Sun, with a $15 million valuation cap, is raising funds on Wefunder. The company is working towards making clean solar energy accessible to everyone by supporting locally produced power. Neighborhood Sun connects thousands of residents to community-shared solar projects in their area and provides them customer acquisition and management. Neighborhood Sun was founded by Gary Skulnik in 2016 and has raised over $1.4 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $100,000 and a maximum target of $500,000, will be used to expand into new markets, build an IT platform, and hire senior management. Neighborhood Sun has already completed four major community solar projects in 2019, with more than 2,000 households. The revenues for 2019 grew by 100% while the operating expenses only increased by 27%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$727,696 |
$416,906 |
|
COGS |
$59,773 |
$0 |
|
Tax |
$800 |
$958 |
| ||
| ||
|
Net Income |
$-211,339 |
$-349,978 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$16,533 |
$53,079 |
|
Accounts Receivable |
$18,858 |
$64,874 |
|
Total Assets |
$39,863 |
$128,604 |
|
Short-Term Debt |
$111,876 |
$39,684 |
|
Long-Term Debt |
$50,000 |
$0 |
|
Total Liabilities |
$161,876 |
$134,684 |
Ratings
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For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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