GLSA
Industry:
Renewable & Alternative Energy
This is a foreign company. We support some foreign companies, but data availability limits the content we can provide.

DESCRIPTION

Green Solar Energy, operating through its Australian subsidiary Green IOT, designs, supplies, and installs rooftop solar PV systems and energy storage batteries for residential and small commercial customers in Australia. Customers buy these systems to reduce electricity bills and gain energy independence from the grid. A complete installation includes solar panels, an inverter, racking hardware, and optionally a battery storage system. Green Solar manages the full project lifecycle — site survey, system design, permitting, installation (using licensed electrician subcontractors), grid interconnection, and final inspection. Green Solar sells directly to customers through its own sales force and through referral agreements with energy retailers and strategic partners, including Origin Energy and Harvey Norman. Revenue is recognized at installation completion, with system and battery sales accounting for roughly 95% of revenue. A key feature of the business model is the role of government subsidies: customers typically assign their rights to tradeable certificates — issued under Australia's federal Small-Scale Renewable Energy Scheme and NSW's battery incentive scheme — to Green Solar in exchange for an upfront discount, and Green Solar then sells those certificates. Green Solar's growth strategy centers on expanding its partner referral network, broadening geographic reach beyond its current New South Wales and Queensland focus, and adding complementary products such as EV chargers, heat pumps, and hot water systems. The company is small, with seven full-time employees and a heavy reliance on subcontractors.

Read full business overview →