GTM Research Data Shows Borrego Solar Systems as 2nd Largest U.S. Commercial Solar Company
Based on GTM Research Q3 2018 Leaderboard data, Borrego Solar Systems is now the 2nd largest U.S. commercial solar company with a 4.4 percent market share and the largest commercial solar installer in California and New York through Q2 2018
Borrego Solar Systems Inc., a leading developer, designer, installer, and operator of commercial solar and energy storage systems, has been listed as the 2nd largest U.S. commercial solar company through Q2 2018 based on recently published GTM Research Q3 2018 Leaderboard Data. The data also shows that Borrego Solar was the largest commercial solar installer in California and New York with 19.8 megawatts (MW) and 21.6 MW installed respectively.
“Borrego Solar has consistently been among the five largest U.S. commercial solar companies. We’ve made the decision to focus all our resources on serving our customers in the middle market. Because of this focus and the incredible efforts of our team, we’ve been able to maintain and grow our leadership position despite the rapidly changing market and regulations,” said Mike Hall, Chief Executive Officer of Borrego Solar. “2018 marks our 8th consecutive year of profitable growth. This is a track record that we’re incredibly proud of. This consistency has allowed us to build what I believe to be the highest performing team in the industry, resulting in the significant market share increases we’re seeing in 2018.“
As of Q2 2018, Borrego Solar has installed nearly 470 MW nationally, which is enough capacity to provide power to more than 77,000 average U.S. homes.
One of Borrego Solar’s strategic priorities has been to grow market share in the competitive California commercial solar market. The results from the past few quarters illustrate the impact of the initiatives put in place to drive down costs and improve efficiency across development, financing and operations. The company has jumped from 11th largest in 2016, to 4th in 2017, to 1st for the first half of 2018.
In New York, Borrego Solar brought online more than twice the MW capacity of its nearest competitor, cementing its position as the leading provider in the state since entering the market five years ago. The company now has nearly 50 MW of New York projects in operation and recently opened its second office, located in Albany, New York.