Confidential · Strategic Growth Audit · April 2025

Good Faith
Energy

A first-principles analysis of where you are, what changed, and the exact path to sustainable revenue growth — built for Omar Abdalla and the GFE leadership team.

11 Years Operating
3,000+ Installations
2,200+ Powerwalls
5 Divisions
A+ BBB Rating
Part 1 — What Changed

The Ground Shifted

GFE built its growth on a simple, powerful promise: solar saves you money, and rebates make it affordable today. That promise still holds — but the mechanism that made it easy to sell just broke. Understanding exactly what broke, and what didn't, is where the recovery starts.

Austin Energy Rebate
Gone
The ~$2,500/kW upfront rebate phased to zero by 2024. One of the most powerful sales tools in the DFW and Austin market — eliminated. The Value of Solar tariff still exists but export credits shrunk significantly.
CPS Energy Rebate
Suspended
$0.20/W residential rebate program suspended in 2024, dropping to zero. San Antonio homeowners who were on the fence lost their primary financial trigger to act.
Oncor Standard Offer
Ending
$1,500–$3,000 per system phasing out by mid-2025 for non-battery solar. The largest utility service territory in Texas — and the rebate that anchored GFE's DFW pitch — is disappearing.
Federal ITC
Stable
30% through 2032 via the IRA. This is the one incentive that remains — and it applies to solar, battery storage, EV chargers, and efficiency upgrades. The entire pivot strategy is built around maximizing ITC on every product GFE sells.
National Residential Solar Install Rate
↓ 29%
US residential solar declined 29% YoY in 2024. Q2 2025 down another 9% nationally. This is not a GFE execution problem. This is a market-wide structural shift. The companies that survive this cycle are the ones who understand what business they are actually in — and it is no longer the rebate business. It is the energy independence business.
"The companies that died after California's NEM 3.0 collapse sold solar panels. The companies that survived sold energy independence — a fundamentally different product with a fundamentally different sales motion."
Pattern from the California market collapse, 2023–2024
GFE's 2,200+ Powerwall installations are not just a badge of honor — they are proof that a significant portion of your customer base already bought into energy independence, not just solar. This is your foundation. The question is how to rebuild the top of funnel around that truth.
Part 2 — Where You Stand

Honest Scorecard

Eight dimensions. No flattery. GFE has real structural advantages that most of its competitors cannot replicate — and two critical gaps that are costing revenue right now.

Brand & Reputation
92
Tesla Premier Status
95
Installation Capability
88
Product Diversification
75
Geographic Reach
62
Recurring Revenue
28
Commercial Pipeline
35
Referral Engine
40
🎯
The diagnosis: GFE's core capabilities are exceptional — brand, Tesla status, installation quality. The revenue crisis is not a product problem. It is a revenue architecture problem. You have been 95% dependent on one-time installation revenue in a market where that revenue just got structurally harder to generate. The fix is adding recurring layers on top of the base you already built.

Competitive Landscape

Where GFE stands relative to key Texas competitors

Company Tesla Status Powerwalls Divisions GFE Advantage
Good Faith Energy Premier 2,200+ 5 Strongest position
Sunrun Texas Partner Est. 800+ 2 GFE: more Tesla depth, more divisions
Titan Solar None Est. 400 2 GFE: 5x more Powerwalls, Premier status
Freedom Solar Certified Est. 600 3 GFE: stronger DFW presence, roofing
Longhorn Solar None Minimal 1 GFE: outclasses on every dimension
Part 3 — Growth Levers

Six Doors Forward

These are not ideas. Each lever has a clear mechanism, a real revenue number, and a specific action that can start this month. They are ordered by speed to revenue.

01
Fastest Revenue · 30 Days

Battery Storage as the New Core Product

Stop selling solar-plus-battery. Start selling energy independence with solar included. The Powerwall 3 at $9,300/unit with Premier margins of 20–25% means $2,300 net per unit — before labor. With ERCOT grid stress driving demand, every Texas homeowner who has experienced a blackout is a warm prospect. GFE's 2,200+ Powerwall track record is an unmatched proof point no competitor can claim.

$2,300 Net / Powerwall
30% ITC on storage
#1 In Texas
02
Recurring Revenue · 60 Days

Service Contracts on 3,000+ Existing Customers

GFE has 3,000+ installed systems producing energy right now. Zero of those customers are on a formal service contract. A $299/year monitoring and maintenance agreement — proactive panel cleaning, annual inspection, system health report, priority service — converts at 25–35% of existing customers through a direct outreach campaign. This is pure recurring revenue with near-zero customer acquisition cost.

$224K+ Year 1 ARR potential
$299 Per customer / year
~0 CAC
03
Lead Engine · 45 Days

Referral Program Built on 3,000 Evangelists

Every GFE customer who survived a Texas blackout while their neighbors lost power is a walking testimonial. A structured referral program — $500 credit for the referrer, $500 off for the new customer — converts existing customers into a distributed sales force. Solar referral programs in well-run operations generate 15–25% of new installations. At GFE's installation rate, that is a meaningful volume add with no ad spend.

15–25% Of new installs
$500 Referral reward
3,000+ Potential referrers
04
New Revenue Stream · 60 Days

SPAN Smart Panels + EV Chargers as Standalone Revenue

GFE is already SPAN-certified. The SPAN panel ($5,000–$8,000 installed, 20–30% margins) is not a solar accessory — it is a home energy management system that sells independently. Combined with Level 2 EV charger installs ($1,200–$2,500, 30% ITC eligible), GFE can capture homeowners who are not yet ready for full solar but are buying EVs right now. Texas is the #2 EV market in the US.

$5–8K SPAN install revenue
30% ITC eligible
#2 Texas EV market
05
Market Expansion · 90 Days

Houston: The Untapped Market at GFE's Door

Houston is the 4th largest city in America. GFE does not have a meaningful presence there. With Michael Solano now licensed in TX, OK, AR, FL, and CO — and the Houston market showing strong demand for storm resilience products after repeated hurricane-related outages — a targeted Houston expansion anchored by battery storage + roofing leads GFE's strongest one-two punch into a market that is actively looking for exactly what GFE sells.

2.3M Houston households
0 Premier competitors
High Storm resilience demand
06
Long-Term Engine · 90 Days

Commercial + Municipal Pipeline

Texas commercial solar grew at 6% annually through 2030 per SEIA projections. Municipal RFPs are up 25% — Dallas schools, city facilities, corporate campuses. A 50-person firm with GFE's credentials can handle 5–20 MW/year of commercial work at $2–3/W installed revenue and 15–20% margins. The IRA's 30% ITC plus domestic content adders make commercial projects highly attractive to clients right now.

$10–60M Annual revenue range
15–20% Margins
+25% Municipal RFPs YoY
Part 4 — The New Revenue Architecture

From One-Time to Compounding

The goal is not to replace installation revenue. It is to build a second and third layer underneath it — so that when installation volume dips in a slow month, the business does not feel existential. This is what energy independence looks like on the income statement.

Solar Installations
Core product · ITC-anchored
Core
Existing strength
Battery Storage
Powerwall 3 · SPAN · Standalone
$2–3K
Net per unit
Service Contracts
3,000+ existing customers
$224K+
ARR at 25% conversion
EV Chargers
Standalone · 30% ITC eligible
$1.2–2.5K
Per install
Roofing
Standalone + Solar gateway
High margin
Best solar pipeline source
Commercial Solar
Municipal · Corporate · Schools
$2–3/W
15–20% margins
GFE Growth Territory

The Texas Expansion Map

Gold = Current GFE territory · Blue = Houston expansion target · White = Multi-state licensed markets

Part 5 — Execution

The 90-Day Plan

Three phases. Each one builds on the last. The goal of Phase 1 is not growth — it is stopping the bleed and activating revenue from assets you already own. Growth comes in Phase 2. Scale comes in Phase 3.

Phase 1
Stop the Bleed
Days 1–30
Launch service contract outreach to all 3,000+ existing customers — email, call, door knock. $299/year. Goal: 750 contracts = $224K ARR
Restructure all sales conversations around energy independence, not rebates. New pitch: "The grid is unreliable. We make you independent of it." Battery-first framing.
Launch referral program with $500/$500 structure. Email blast to full customer list. Track referrals weekly.
Identify top 50 Powerwall customers and ask them personally for a video testimonial about blackout resilience. This becomes the core of all marketing.
Phase 2
Build the Engine
Days 31–60
Launch SPAN panel + EV charger as standalone products. Targeted campaign to existing EV owners in GFE's service area — no solar required.
Begin Houston market entry. Partner with 2–3 Houston roofing contractors for lead sharing. Storm damage = roofing = solar + battery upsell.
File for first 3 municipal/commercial RFPs. Dallas ISD and City of Plano are strong targets given existing GFE DFW relationships.
Launch YouTube channel anchored by Michael Solano's multi-state licensing story. "We just got licensed in Oklahoma, Arkansas, Florida, and Colorado" is a genuine news hook.
Phase 3
Compound the Gains
Days 61–90
Evaluate Base Power Company VPP partnership — GFE's Powerwall fleet is a distributed energy asset. VPP participation generates $200–$400/kW in dispatch revenue that flows to customers and back to GFE as a service fee.
Hire first dedicated commercial sales rep. Commission-only to start, targeting $500K–$2M in commercial contracts in year 1.
Begin multi-state pipeline — Oklahoma City and Tulsa first, leveraging Michael's fresh Master Electrician license. Mirror the Texas playbook.
Review all 8 scorecard dimensions. Measure service contract ARR, referral contribution, commercial pipeline. Set Year 2 targets based on real data, not projections.
🔑
The single most important reframe for GFE in 2025: You are not a solar company that also sells batteries. You are a Texas energy independence company that uses solar, batteries, smart panels, and EV infrastructure to free homeowners and businesses from a grid that cannot be trusted. Every product you sell serves that mission. That mission does not require a rebate to be compelling — because the grid has already made the case for you.