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Why Billion Dollar Solar Companies Collapsed and Who Is Winning Now | Hung Nguyen

6/30/202632 min

Billion dollar solar companies like Titan, SunPower, and SunNova collapsed almost overnight and most real estate investors and agents have no idea what that means for their deals. In this episode of The M.O.R.E. Show, Justin Colby sits down with Hung Nguyen, founder of Detach Reset Solar, who discovered one of the most overlooked niches in the entire real estate and home services space. Hung built a business around a single problem that nobody was solving, removing, storing, and reinstalling solar panels so roofing contractors could do their work and turned it into a blue ocean opportunity with a total addressable market covering millions of homes across the country.

KEY TOPICS COVERED:

  • Why major solar companies like Titan, SunPower, and SunNova went completely bankrupt.
  • The detach and reset solar niche explained — and why almost nobody knew it existed
  • How Hung Nguyen discovered the opportunity from a roofing contractor who couldn't sell roofs.
  • Why real estate investors and agents need to understand solar panels on every property they buy or sell.
  • How insurance line items for detach and reset solar create a funded opportunity for homeowners.
  • The blue ocean market, Hung was the only player for three years and what that meant for growth.

️ TIMESTAMPS:

00:00 — The solar apocalypse: billion dollar companies that went bust

00:43 — Introduction: Hung Nguyen and the solar opportunity

01:49 — How Hung discovered the detach reset solar niche

02:58 — Why roofing contractors could not sell roofs with solar panels

03:19 — The insurance line item that funds detach reset solar work

04:14 — How Detach Reset Solar became the company name and the business model

07:00 — Why real estate investors need to think about solar on properties.

15:00 — How agents and investors can use this as a value add.

20:00 — The scale of the opportunity, 6% market share and growing.

28:10 — Total addressable market and why this is a massive business.

29:00 — Competition: from blue ocean to emerging market.

30:00 — Merger and acquisition opportunity in the space.

31:41 — How to connect with Hung Nguyen and Detach Reset Solar.

Connect with Hung Nguyen:

Website: www.detachresetsolar.com

About The M.O.R.E. Show:

The M.O.R.E. Show is hosted by Justin Colby and is dedicated to helping real estate professionals, investors, and entrepreneurs maximize opportunity in any market. New episodes every week.

Learn more: www.timeformore.com

Invest with Elevest Capital: www.elevestcapital.com

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Clips

Transcript preview

First 90 seconds
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  3. Justin Colby· Host0:49

    There's some rather large solar companies that went completely bust. Did they go bankrupt? [clears throat] Are they around anymore? Are they just done? What happened?

  4. Hung Nguyen· Guest0:55

    So these are the big guys, too. So I'm talking about billion-dollar companies. It was like the solar apocalypse that just happened, right? Titan, multibillion dollars. SunPower, one of the ones that originally created and manufactured their own solar. Sunnova, it was a bank, right?

  5. Justin Colby· Host1:10

    And these are the bigger companies that were initially building and/or selling at volume, mass volume solar to homeowners.

  6. Hung Nguyen· Guest1:17

    They're super big. They're like Goliaths of the industry, and they all got wiped out pretty much.

  7. Unknown speaker1:22

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