Nelnet Renewable Energy, a publicly traded diversified financial services and technology company, has announced a strategic shift in its solar engineering, procurement, and construction (EPC) operations to concentrate completely on the commercial solar market.
"Nelnet is committed to being an industry-leading commercial solar EPC contractor and consultant, with the resources, knowledge, and people to deliver high-quality projects and solutions for our customers," said Jim Kruger, Nelnet's Chief Financial Officer.
Due to challenging regulatory and economic conditions within the residential solar market, Nelnet has also made the decision to discontinue its residential solar operations, allowing it to place all efforts toward commercial solar.
Despite this decision, the company will continue to honor its existing warranty and contractual obligations for residential projects installed to date and will proactively communicate with customers and relevant stakeholders about available service and support.
Nelnet Renewable Energy intends to construct and develop commercial solar projects, especially in the Midwest and New York, with its expertise in solar financing and the Inflation Reduction Act, investments in people, and long-term partnerships. The company currently has about 15 projects under construction, with an average size of 4 MW.
"We look forward to strengthening our position in the commercial solar market, driving innovation, and contributing to a cleaner, more sustainable future for all," said Kruger. "With a strong foundation in construction and solar experience, we are set to deliver projects that exceed expectations in quality and efficiency with meticulous execution."
