GeoPeak Energy, LLC Overview
Geopeak Energy is a renewable energy solutions company headquartered in Somerset, New Jersey that offers solar energy systems and solutions for homes and businesses.
Founded in 2008, the company is a medium-sized business with about 112 employees and a reported revenue stream of $26 million. Its CEO is Sreedhar Velicheti and it has multiple site locations, operating in several states across the U.S.
GeoPeak Energy Breakdown
GeoPeak Services
- Power Purchase Agreements (PPAs)
- Project management
- Solar energy installation
- Solar leases
- Solar project financing
- System monitoring
GeoPeak Products
GeoPeak Energy markets itself on the partnerships it has established with renewable energy manufacturers and pioneers. These partners include SMA Solar Technology, CPS America, Q Cells, RBI Solar, Canadian Solar, Unirac, Genmounts, GameChange Solar, GCL-Poly, and Yaskawa Solectria Solar.
Solar Panels
SunPower PV Panels: Use patented IBC cell technology to have panels generating power ranging within 330‒545W and a product warranty from 25 to 40 years that boasts one of the lowest degradation rates in the industry.
Batteries/Inverters
SunPower SunVault Storage: 10-year warranty storage system with indoor and outdoor use. Features an energy capacity of 13 kWh / 26 kWh and a 6.8 kW continuous power rating.
Mounts
Genmounts: Offer easy installation solar mounting systems for ground or flat roof installations with a variety of design options.
GeoPeak Energy Costs and Installation Process
Costs
The company does not disclose the costs of its products or services outside of a solar quote. It does, however, detail its payment plans and options available to customers.
Given that the company advertises that its solar projects can be started with no upfront costs, there are five available payment options for customers:
Upfront Payment: Customers pay in full at the start of the solar project.
GeoPeak Finance Loan: A specialized, unsecured loan at a fixed rate and flexible extended terms, with no prepayment penalties.
GeoPeak Same-As-Cash Program: No payments or interest for up to 18 months, allowing for projects to be started at once.
PSE&G Solar Loan Program: PSE&G will finance up to 60% of your solar system, which will be repaid with your system’s SREC production.
GeoPeak Energy Solar Lease: SOLAR4HOME is a lease program with two options on offer under it: the Ownership Program and the Solar Lease Program. The two offer some differences but the major difference is that the Ownership Program has a discounted upfront cost and is due after the solar system is installed whereas the Solar Lease Program requires no installation cost but monthly payments.
For further information on the listed options, GeoPeak Solar should be contacted.
Installation
GeoPeak’s installation process is broken down into 5 steps, which go as follows:
Step 1: Initial Consultation
A GeoPeak Energy solar energy consultant will work with the customer to design a solar power system that matches their home’s energy needs.
Step 2: System Design
GeoPeak Energy’s in-house team handles every element of the customer’s project from start to finish, including design, financing, engineering, installation, and maintenance.
Step 3: Solar Energy System Installation
GeoPeak Energy installs the solar energy system.
Step 4: Solar Panel System Energization
Upon system completion and inspection, the customer’s solar energy system will be energized.
Step 5: Savings and SREC Income
The customer’s solar power system is expected to save money on monthly utility electric bills, while also earning Energy Credits.
GeoPeak Energy Legitimacy
GeoPeak Energy is a North American Board of Certified Energy Practitioners (NABCEP) certified, a member of the American Solar Energy Society (ASES), and makes use of Project Management Institute (PMI) certified project managers.
The business is a sister company to EXP, Inc., a management systems company that has been providing businesses with software platforms since 1999.
GeoPeak Energy’s legitimacy is verifiable; however, its operations are where the concerns lie. Perspective customers are recommended to consider the following aspects:
- The company is not a Better Business Bureau (BBB) accredited company but it has an A+ Ranking with 0 filed complaints.
- BuildZoom (BZ) has been unable to verify the company; going only as far as to report that in Pennsylvania the company’s license is inactive, where at one point the license was canceled.
Maintenance
The company makes use of a tier system to provide its service: GeoPeak Performance Monitoring (third tier), GeoPeak Performance Monitoring & Maintenance (second tier), and GeoPeak Performance Plus (first tier).
| GeoPeak Performance
Monitoring |
GeoPeak Performance
Monitoring & Maintenance |
GeoPeak Performance
Plus |
|
| System Commissioning and Inspection | ✔ | ✔ | ✔ |
| On-site Training | ✔ | ✔ | ✔ |
| Q&M Manual | ✔ | ✔ | ✔ |
| Customer Technical Support | ✔ | ✔ | ✔ |
| Performance Monitoring Website | ✔ | ✔ | ✔ |
| Performance Reports | ✔ | ✔ | ✔ |
| Daily Performance Monitoring and Maintenance | ✔ | ✔ | ✔ |
| Preventative Maintenance and Inspection | X | ✔ | ✔ |
| Performance Review | X | ✔ | ✔ |
| Field Diagnostics and Repairs | X | ✔ | ✔ |
| Cleaning Services | X | X | ✔ |
The SolarEmpower View (Conclusion)
GeoPeak Energy views itself as a customer-centric renewable energy provider and the reviews it has garnered will back this claim. However, it should be noted that these positive customer experiences are dated, with many of them spanning back 6‒10 years ago.
Alongside these outdated reviews, it should also be noted that the company’s official website is outdated. As such, there is a high probability of misinformation and inaccuracy surrounding the business and its service. Given that the business has been running for over 10 years, the natural assumption would be that there is a myriad of information on the company but this is not the case. As the years have gone by, GeoPeak Energy seems to have gone silent with time.
