Arctic Solar Ventures Recognized as a 2018 Top Solar Contractor

Arctic Solar Ventures Recognized as a 2018 Top Solar Contractor in Anchorage, AK

The Solar Power World Top Solar Contractors list includes Anchorage-based solar firm

Anchorage, AK—More than 10,600 megawatts of solar power were installed last year in the United States, and local solar company Arctic Solar Ventures has been recognized by Solar Power World magazine for its contributions to the industry. Arctic Solar Ventures achieved rankings of 232 and 218 in the residential solar and EPC (engineering, procurement, and construction) categories and an overall rank of 422 on the magazine’s 2018 Top Solar Contractors list. Arctic Solar Ventures is the first-ever Top Solar Contractor awardee in Alaska.

The Top Solar Contractors list is developed by Solar Power World to recognize the work completed by solar contractors across the United States. Produced annually, the Top Solar Contractors list celebrates the achievements of U.S. solar developers, subcontractors and installers within the utility, commercial and residential markets, and ranks contractors by kilowatts installed in the previous year. The 2018 list was released on July 24.

Solar Power World is very excited about the 2018 class of Top Solar Contractors,” said Kelly Pickerel, editor in chief of Solar Power World. “Our 2017 list showed impressive installation numbers after 2016’s huge rush to meet ITC requirements, and many companies were hesitant to show unavoidable installation dips after last year’s high. We’re happy to feature a strong group of thriving U.S. solar installers on the 2018 Top Solar Contractors list. These companies truly are at the top of their markets.”

The U.S. solar market had its biggest year ever in 2016, installing more than 15,000 MW. Although installations in 2017 dropped to 10,608 MW, the total still represents 40% growth over 2015 numbers. The year-over-year downturn can be attributed to the large influx of 2016 projects rushing to meet the anticipated expiration of a 30% federal tax credit that was eventually renewed. Last year also saw uncertainty surrounding potential Section 201 tariffs on imported solar panels, which may have led to delayed or canceled projects. Arctic Solar Ventures has seen 300% year-over-year growth.

A major highlight of 2017 was the non-residential market growing 28% year-over-year, the fourth straight year of annual growth for commercial, industrial and community solar. Arctic Solar Ventures has seen a large uptick in commercial projects from Homer, Kenai, Anchorage, and Palmer. In 2017, 30% of all new electric generating capacity brought online in the United States came from solar, second only to new natural gas capacity.

The first quarter of 2018 showed a 13% growth over the first quarter of 2017, and Arctic Solar Ventures will continue to contribute to the wave of increasing solar generation. By 2023, more than 15,000 MW of solar is expected to be installed annually.

Arctic Solar Ventures employs 9 Alaskan’s who installed 242.7 kilowatts of solar power in 2017. Since its founding in 2015, the company has brought online nearly 500 kilowatts of solar to-date. The company is a Certified B Corporation and member-owner of the Amicus Solar Cooperative.

“We are thrilled to be recognized by our peers for helping place Alaska solar on the map as a viable and fast-growing market. We have seen continued growth in 2018 and look forward to a strong 3rd and 4th quarter this year”, said founder and CEO, Stephen Trimble.

About Arctic Solar Ventures

Arctic Solar Ventures (ASV) is the premier solar contractor in Alaska, serving residential, commercial, and utility markets. Since 2015, ASV has helped Alaskan’s save on high energy costs through the power of the sun. ASV is a Certified B Corporation and member-owner of the Amicus Solar Cooperative.

About Solar Power World

Solar Power World is the leading online and print resource for news and information regarding solar installation, development and technology. Since 2011, SPW has helped U.S. solar contractors—including installers, developers and EPCs in all markets—grow their businesses and do their jobs better.