What is Rethink Electric?
Rethink Electric, headquartered in Wood Dale, Illinois, is a prominent provider of residential and commercial solar installation services. With over 15 years of operational experience, the company specializes in comprehensive solar solutions, including panel installations, project management, ongoing operations and maintenance, and commissioning. Serving the Midwest region, Rethink Electric leverages its NABCEP certified installers to ensure high-quality craftsmanship and transparent communication throughout every project. The company's mission is to facilitate energy cost reduction and the transition to sustainable energy for businesses, prioritizing safety and operational efficiency.
How much funding has Rethink Electric raised?
Rethink Electric has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$713K
Debt (2020): $350K with participation from PPP
Debt (2021): $713K led by PPP
What's next for Rethink Electric?
The recent major strategic investment positions Rethink Electric for accelerated expansion and enhanced service offerings. This capital infusion is expected to fuel further development in solar technology adoption and operational scaling across the Midwest. As a company that has consistently attracted significant enterprise-level funding, Rethink Electric is poised to solidify its market leadership and continue its commitment to driving the adoption of clean energy solutions. Future growth will likely involve expanding service areas, investing in advanced installation technologies, and potentially forging new strategic partnerships to broaden its market reach.
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