Alumni Ventures Invests in Enact Systems to Accelerate Solar Adoption

Enact Systems has developed a comprehensive SaaS platform that automates the process of designing, delivering, and measuring the outcomes of solar and battery storage projects. By leveraging proprietary software, Enact simplifies the complex process of adopting renewable energy solutions for buildings, homes, and businesses. The platform enables users to remotely design projects using satellite imagery, eliminating the need for site visits, and integrates all necessary data to create detailed proposals quickly.

“Enact is all about making the transition to solar power seamless and transparent for consumers and businesses,” said Co-Founder and CEO Deep Chakraborty, who recently discussed his company on AV’s Tech Optimist podcast. “Our platform provides an end-to-end solution that not only simplifies the design and installation process but also tracks the financial performance of these investments over time, ensuring our customers see the real value of their projects.”

While Enact Systems originated in California, it has seen significant growth across the United States and internationally. This includes rapid adoption in California and the Northeast, driven by the increase in electric vehicle ownership and the corresponding rise in electricity bills. Internationally, markets in Germany, Italy, the Middle East, and India are experiencing incredible growth due to lower hardware costs and faster payback periods.

“Enact’s commitment to transparency and efficiency aligns perfectly with our vision for sustainable investments,” said AV Managing Partner Greg Baker, who hosted the conversation with Chakraborty on AV’s Tech Optimist podcast. “Their technology not only simplifies the adoption of solar power, but also ensures that consumers can see and trust the financial benefits.”