Nexamp

Nexamp

Community solar energy solutions provider

About Nexamp

Simplify's Rating
Why Nexamp is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Energy

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$2B

Headquarters

Boston, Massachusetts

Founded

2007

Overview

Nexamp specializes in solar energy solutions, focusing on Community Solar projects that allow homeowners and small businesses to benefit from solar energy without needing to install rooftop panels. Customers can save up to 10% on their electricity bills by subscribing to a share of a local solar farm's output. The company serves individual homeowners, small businesses, and property owners, providing a simple way to reduce electricity costs while supporting clean energy initiatives. Nexamp manages all aspects of solar projects, from design and construction to ongoing maintenance, and generates revenue through subscriptions, project development, and energy storage solutions. Their goal is to make clean energy accessible and affordable, contributing to a sustainable future while delivering financial benefits to their clients.

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Simplify's Take

What believers are saying

  • Nexamp's partnership with Silfab Solar supports U.S.-made solar panel integration.
  • The Inflation Reduction Act incentives benefit Nexamp's domestic solar manufacturing efforts.
  • Growing demand for community solar projects aligns with Nexamp's business model.

What critics are saying

  • Increased competition from providers like Arcadia and Sunrun may impact Nexamp's market share.
  • Supply chain constraints could delay project timelines and affect contractual obligations.
  • Changes in state-level incentives may impact the financial viability of Nexamp's projects.

What makes Nexamp unique

  • Nexamp offers Community Solar projects without rooftop installations, benefiting homeowners and small businesses.
  • The company manages all aspects of solar projects, from design to maintenance.
  • Nexamp partners with large corporations like Microsoft and Walmart for significant solar developments.

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Funding

Total Funding

$2017.1M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Commuter Benefits

Phone/Internet Stipend

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↑ 0%
United Power Partners
May 7th, 2025
Chipotle adds 75-MW side of solar power to energy portfolio

Chipotle Mexican Grill has entered into an agreement with Nexamp to purchase renewable energy bill credits to support the construction and operation of 15 new community solar farms generating 75 MW in Illinois, New York, Maryland and Maine.

Solartex
May 5th, 2025
Microsoft inks agreement with Nexamp for 300 MW of new community solar

Nexamp announced it will develop a portfolio of roughly 100 new projects across the U.S. as part of a long-term agreement with Microsoft.

Starkville Daily News
Apr 29th, 2025
News

Nexamp Closes $340 Million of Institutional Debt Facilities with PGIM Private Capital

National Law Review
Apr 28th, 2025
Nexamp Closes $340 Million of Institutional Debt Facilities with PGIM Private Capital

Nexamp closes $340 million of institutional debt facilities with PGIM Private Capital.

Under the Hard Hat
Jan 3rd, 2025
Nexamp named Registered Apprenticeship Program (RAP) employer in Illinois by the U.S. DOL

Nexamp launched a new headquarters in Chicago earlier this year and committed to hiring 50 additional staff and investing over $2 billion in the state as part of the announcement.

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