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Suncrest Solar and Tenaska announce new partnership

Tenaska joins long-time partner Sorenson Capital in backing Suncrest Solar’s mission to provide clean, residential energy.

Suncrest Solar has announced plans to expand the size and scope of their residential solar business over the next two years with an investment of an undisclosed amount from independent energy company Tenaska

“Tenaska, a strategic energy partner with multiple years of experience in commercial and utility scale solar, has partnered with us in residential solar to help us develop and expand,” said Suncrest President John Corliss. 

“At Suncrest, our mission is to lower our customers' electricity bills and provide solar at no upfront cost while also making a positive impact on the environment. This investment allows us to expand more quickly and provide more customers the ability to obtain solar and save money.”

Suncrest designs, permits and installs solar panels on residences, feeding electricity generated by the panels directly into the homes with excess generation being sold into the electric grid. The company completed the installation of solar panels on more than 500 residential homes last year.

One of the largest privately held companies in the US according to Forbes – with $9.5 billion in reported gross operating revenues in 2013 – Omaha, Nebraska-based Tenaska possesses 280 megawatts of utility-scale solar projects in California alone. Tenaska now joins long-time partner Sorenson Capital, a Salt Lake City, Utah-based private equity fund founded in 2003, in supporting Suncrest's growth mission.

As part of the expansion that accompanies this new partnership, Suncrest will add seven new sales offices in California this year, along with 10 more elsewhere in the US in 2016. 

“With both Tenaska and Sorenson Capital on board, we can continue to build upon our successful sales platform and quickly expend to 20 markets. We attract the best salespeople in the industry by performing the quickest, highest-quality, and most efficient installations in the industry. Combined with our best-in-class IT infrastructure, we exceed our customers' expectations and generate an exceptional number of referrals,” said Josh Hatch, Suncrest's senior vice president of sales.

The company currently operates three sales and installation offices in Inland Empire, Orange County and San Diego, California, and performs engineering, design, permitting, accounting and administrative activities from their hub in Salt Lake City, Utah.