Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Nominate a Virginia financial professional
    • Nominate A Woman in Leadership Today
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Nominate a Virginia financial professional
    • Nominate A Woman in Leadership Today
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Regions Central Virginia Sigora Solar says N.C. move part of national expansion

Sigora Solar says N.C. move part of national expansion

Published September 28, 2018 by Hope Katz Gibbs

Sigora Solar sells solar panels for homes and businesses.
Photo courtesy Sigora Solar

When Sigora Solar expanded to Raleigh, N.C., this summer, creating 75 jobs, some observers wondered why the Charlottesville-based solar panel provider would move into another state.

In response, Sigora Solar CEO Logan Landry cites North Carolina’s policies on renewable energy. The state ranks second in the nation with 4.6 percent of its electricity being powered by solar, according to the Solar Energy Industries Association (SEIA).

“A rebate from [Charlotte-based Duke Energy] of 60 cents per kilowatt for residential homeowners who use solar is a big incentive for customers,” Landry explains. 

Virginia currently ranks 17th nationally, with less than half of 1 percent of its electricity coming from solar. Nonetheless, that’s a jump from 2016 when the SEIA ranked Virginia 29th nationally.

Logan hopes Virginia’s legislature and utilities will implement more solar-friendly policies. He insists Sigora Solar isn’t planning to leave the commonwealth. Instead, the company — which also has offices in Richmond and Manassas plus an operations hub in Waynesboro — is embarking on a national growth spurt.

By the end of next year, the company plans to open offices and establish dealerships with roofers and technicians in South Carolina, Washington, D.C., Maryland, Kansas, Missouri, California, Nevada, New York and Illinois.

The company’s 53 employees and 40 subcontractors are implementing its Produce and Reduce package, which runs $25,000-$27,000 for an 8-kilowatt/26-panel system. Savings on energy bills average $150/month, Logan says.

Anthony Bindea founded Sigora Solar in 2011, the same year Landry started his own solar company in Louisiana. Landry later sold his company to the conglomerate Posigen and became Sigora Solar’s CEO in 2016 when Bindea opened Sigora Haiti.

During Landry’s tenure, Sigora Solar’s sales have risen from $5 million to a projected $42 million in 2018.

“Our goal is to ensure a home is not wasting energy, but saving it,” adds Landry “Solar energy maximizes a customer’s savings, often increases property values and is environmentally sound. Solar simply makes sense.”

Related Stories

Virginia Business logo

CitiTrends renews 12,000-square feet in Richmond

Virginia Business logo

Gander Mountain is coming to Charlottesville

Virginia Business logo

Va. GOP to hold May 8 “drive-in” convention, possibly in Lynchburg

State Central Committee rejects party-run primary proposal backed by three former governors

Trending

ESPN: Snyders receive two $6B bids for Commanders

U.Va. commerce alum donates $10M for scholarships

Falling short

Atlantic Park breaks ground in Virginia Beach

Youngkin announces $8.1M in GO Virginia grants

Sponsored Stories

Remove the Mess and Stress by Moving to the Cloud

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

Advertisement

Advertisement

Trending

ESPN: Snyders receive two $6B bids for Commanders

U.Va. commerce alum donates $10M for scholarships

Falling short

Atlantic Park breaks ground in Virginia Beach

Youngkin announces $8.1M in GO Virginia grants

Sponsored Stories

Remove the Mess and Stress by Moving to the Cloud

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk