NhSolarGarden.com

NhSolarGarden.com

Closed: Jan. 2023

About this raise

NhSolarGarden.com is raising funds on Raise Green. It is a solar development company with experience in engineering, constructing, financing, and maintaining solar projects. The company has a development pipeline of 170 MW of solar projects in Puerto Rico and New England and is one of the most experienced developers in the New Hampshire market. NhSolarGarden is currently working on developing the Allenstown Community Center project with a 56kW rooftop solar array to power 70% of the electrical consumption of the community center. Andrew Kellar founded NhSolarGarden.com in January 2014. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $112,000. The campaign proceeds will be used to complete the development of the Allenstown Community Center project.

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Investment Overview

Invested this round: $97,600

Deal Terms

Total Commitments

Platform
Raise Green
Start Date
11/02/2022
Close Date
01/26/2023
Min. Goal
$30,000
Max Goal
$112,000
Min. Investment

$500

Security Type

Debt

Payment Schedule

Annually

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

6.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2014
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Buffalo, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Andrew Kellar
Title
Developer

Financials

 Revenue +231% YoY
$547,496
 Monthly Burn
Profitable
 Cash on Hand
$173,284

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$547,496

$165,682

COGS

$0

$0

Tax

$27,412

$-7,930

 

 

Net Income

$160,469

$60,592

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$173,284

$174,289

Accounts Receivable

$0

$0

Total Assets

$137,284

$174,289

Short-Term Debt

$229,913

$81,317

Long-Term Debt

$0

$0

Total Liabilities

$229,913

$81,317

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/26/2023 Raise Green - $97,600 Debt Funded RegCF
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NhSolarGarden.com on Raise Green 2022
Platform: Raise Green
Security Type: Debt

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