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Carlsbad-Based Stellar Solar Reports 2015 Revenue

Stellar Solar, a commercial and residential solar installer, reported significant growth in both revenue and employee count in 2015.

The company doubled its revenue, with sales of about $23 million in 2015. Given the favorable market conditions for solar, the company projected that it would double sales again in 2016 to $45 million. Stellar Solar now employs 105 people, the company said in a recent news release.

“Our explosive growth last year should pale in comparison to what we are expecting in 2016 with the renewal of the 30 percent federal tax credit, extension of net metering, and our 1.99 percent financing,” said Kent Harle, CEO of Stellar Solar, in a statement.

The company is headquartered in Carlsbad, and recently won the Carlsbad Chamber of Commerce Growing Business of the Year award for its significant sales and employee headcount growth.

Stellar Solar recently relocated its headquarters to a new location — 5451 Avenida Encinas, Suite A — right down the street from its old location, to accommodate growth, the company stated.

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