Neighborhood Sun

Community-shared solar — Making clean energy accessible to everyone.

Analytics

Raised to Date: $801,546

Aggregate Commitments $
Platform

Wefunder

Start Date

07/14/2020

Close Date

01/12/2021

Min. Goal

$100,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$15,000,000

Discount Rate

20%

Rolling Commitments $
Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

802%

% of Max. Goal

160%

Likelihood of Max
Funded
Avg. Daily Raise

$4,404

# of Investors

1,268

Momentum
Funded
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Location

Silver Spring, Maryland

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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

$95,000

Total Liabilities

$161,876

$134,684

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