FOR IMMEDIATE RELEASE

Arizona Solar Giants PE Solar and Sun Valley Solar Solutions Unite, Revolutionizing the State's Clean Energy Landscape

[Chandler, Arizona, March 28, 2023] - PE Solar and Sun Valley Solar Solutions, two of the nation's leading solar energy contractors, have entered an agreement to merge. This game-changing move will unite two pioneering industry powerhouses, with a combined experience of over 30 years, accelerating their shared vision of a cleaner, more sustainable energy future.

“Climate change and a growing demand for energy independence are fueling a massive shift toward renewables on a global scale,” said Russ Patzer, CEO of Sun Valley Solar Solutions. "The next-generation energy ecosystem begins with solar and batteries, which are already delivering round-the-clock security to homes and businesses alike. As technology advances, it’s more important than ever that customers have access to informed, and honest technical resources. Pure Energy shares our commitment to this mission.”

Ryan Saffarini, CEO of PE Solar, added, "This merger represents a pivotal moment in Arizona's solar energy history. Our combined expertise and resources will enable us to offer unrivaled renewable energy solutions and support for our valued customers, while expanding our reach and impact on the environment."

The two companies have long enjoyed a fruitful partnership, having collaborated on more than 1,700 installations throughout Arizona. Together, the companies represent a combined footprint of more than 15,000 commercial and residential solar projects, or 171MW spread across Arizona, Nevada, Florida, and N. Carolina.

The merger will immediately result in an expanded product portfolio that includes residential and commercial solar, energy storage, home insulation, as well as high-efficiency water heating, and pool pumps. Current customers will benefit from dramatically expanded service and technical support resources. These support resources also extend to customers of both companies, as well as any Arizona solar customers seeking highly-qualified technical support for their system. Purchasing power will also increase, allowing the company to hedge against inflationary pricing pressures while reducing lead times and enabling quicker access to the latest technologies. Existing PE Solar and Sun Valley Solar Solutions warranties will continue to be honored.

The combined company will be headquartered in Chandler, with Sun Valley Solar Solutions Founder and CEO Russ Patzer continuing as post-merger CEO. PE Solar CEO Ryan Saffrini will become CTO in the new organization.

Initially, Sun Valley Solar Solutions and PE Solar will continue as separate brands in Arizona, with a longer-term goal to unite under the Sun Valley Solar Solutions brand. Operations in both Florida and North Carolina will continue under the PE Solar brand. Additional geographic expansion is planned later.

“We are coming together after a period of exponential growth at both companies," concluded Patzer. "It's very exciting to begin this next phase on such solid footing, with like-minded colleagues who share our passion for innovation and unwavering commitment to customer service. I’m looking forward to accelerating the growth of clean, renewable energy across the US."

Key certifications, awards, and accolades held by the combined company include:

NABCEP Certified PV Technical Sales Professional
Five-time Angie's List Super Service Award Winner
Rosie on the House Certified Partner
Accredited and A+ rating with the Better Business Bureau
SRP Preferred Solar Installer
Tesla Powerwall Certified Installer
RISE CSRP Certified Solar Roofing Professional
4.7 Star Rating on SolarReviews.com
Over 4.6 Star Rating on Google

Sun Valley Solar Solutions

Sales & Project Management: 480-689-5000
Service: 480-689-5050

Pure Energy “PE Solar”

Sales & Project Management: 480-264-0690
Service: 480-264-0690

About PE Solar:

PE Solar is a foremost residential solar company in the nation, dedicated to helping homeowners transition to clean, renewable energy. With an exceptional team of professionals spanning Arizona, Florida, and North Carolina, PE Solar is steadfastly committed to reducing utility companies' carbon footprint from coast to coast.

About Sun Valley Solar Solutions:

Since 2006, Sun Valley Solar Solutions has been helping Arizona homeowners and businesses turn the state's most abundant natural resource into immediate savings and a cleaner tomorrow. The company is accredited as a SunPower Dealer by SunPower Corp., holds an A+ rating with the Better Business Bureau, has won the Angie’s List Super Service Award five times, and was ranked #1 Solar Installer by Ranking Arizona – The Best of Arizona Business. Sun Valley Solar Solutions is NABCEP-certified and a member of the Solar Energy Industries Association, AMICUS, the Electric League of Arizona, the U.S. Green Building Council, and LOCAL FIRST. For more information, visit sunvalleysolar.com.

SVSS-Russ_Patzer6 Russ Patzer, CEO OPTIMIZED FOR WEB Ryan Saffrini, CTO ONE-GREAT-TEAM-(4)-(1)

Merger Q&A

Why is this merger happening?

PE and SVSS have a long history of collaboration. SVSS has served as a key installation partner for Pure Energy since their beginning, partnering on more than 1,700 installations across Arizona. We share a strong commitment to customer service, quality, and honesty. Combining forces allows us to better address the growing demand for renewables, with increased talent and resources in key areas such as system engineering, design, project management, installation, as well as customer service and technical support.

Was this a bailout? Was either company in trouble?

No, this was not a bailout. Both companies are coming out of a period of exponential growth with healthy finances and firm footing. This is about combining resources and helping our customers benefit from a rapidly evolving technology landscape. Green technology is advancing quickly. Customers need honest and technically savvy resources to guide them through this transition. PE and SVSS share a commitment to this mission.

Will my warranty be impacted in any way?

No, your original contract stands and all warranties will continue to be served through their contracted period.

My project has been waiting for a long time, will this impact my timeline?

It depends on the nature of your project delay. This merger does not directly impact product availability, permits, or other 3rd party approvals and lead times. However, we will be adding installation and service staff relatively quickly, so we expect some timelines to improve in the coming weeks and months.

Will there be a new company name?

Sun Valley Solar Solutions and Pure Energy will continue to operate as separate brands in the short term, with resource sharing happening mostly behind the scenes. In time, Sun Valley Solar Solutions will become the primary customer-facing brand.

Will there be a change in company leadership?

Sun Valley Solar Solutions’ Founder and CEO Russ Patzer will continue as post-merger CEO. PE Solar CEO Ryan Saffrini will become CTO in the new organization.

Will any of my contacts change?

There are no immediate contact changes. Customers should continue to communicate with each company through existing channels. As the merger moves forward and we find ways to work as a single team, there may be some changes in key contacts. For now, everything remains the same.

Sun Valley Solar Solutions

Sales & Project Management: 480-689-5000
Service: 480-689-5050

Pure Energy “PE Solar”

Sales & Project Management: 480-264-0690
Service: 480-264-0690

What is the timeline for this merger?

The merger will be accomplished in phases over a period of time. We will evaluate by department, weighing the most critical needs against available resources and potential for disruption. Initially we will focus on the Installation and Service teams. We will work outwardly and methodically from there. Obviously, the sooner we can be one company, the sooner we can fully leverage all the benefits.

Will we be combining facilities?

Sun Valley Solar Solutions' Chandler AZ headquarters will be global headquarters for the new combined organization. We will continue to operate Pure Energy’s Tempe office for now, with future expansion remaining as a possibility.

Will there be further expansion outside of Arizona?

The new Sun Valley Solar Solutions will continue to be headquartered in Chandler, Arizona. Pure Energy’s current operations in North Carolina and Florida will continue after the merger. Future expansion in both product, services, and territory are part of a longer term plan.