Stardust Solar Reports 80% Increase in Signed Contracts to $3.6 Million, Expanding North-American Footprint

Stardust Solar Energy Inc. has reported an 80% increase in system-wide project backlog, reaching $3.6 million in signed contracts. The backlog represents residential and commercial solar-PV and battery-storage installations scheduled to commence over the next 12 months. The company attributes this growth to territory expansion, premium product portfolio, and training & support initiatives.

Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) has announced a substantial increase in its system-wide project backlog. As of July 17, 2025, the company reported a backlog of approximately $3.6 million in signed contracts, representing an 80% increase from the $2 million reported on February 4, 2025 [1][2]. This backlog consists of residential and small-commercial solar-PV and battery-storage installations scheduled to commence over the next 12 months.

The company attributes this growth to several strategic initiatives. First, territory expansion has been a key driver. Stardust Solar has added new U.S. franchises in high-growth Sun Belt markets and expanded its Canadian franchises, leading to immediate project flow and enhanced brand visibility [1][2]. Second, the company's premium product portfolio, which includes exclusive access to Tesla Powerwall and Hanwha Qcells panels, has contributed to the growth. These products offer industry-leading efficiency and reliability, making them attractive to homeowners and businesses seeking reliable, turnkey clean-energy solutions [1][2]. Third, the company's commitment to training and support has also played a significant role. Over 2,500 renewable-energy professionals have been certified through Stardust Solar's accredited programs, ensuring quality installations and customer satisfaction [1][2].

Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems, and electric vehicle supply equipment. The company equips entrepreneurs with branded business management services, cutting-edge equipment, and comprehensive support, including marketing, sales, engineering, and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future [1][2].

The growth in Stardust Solar's backlog comes amidst a backdrop of differing regulatory environments in the U.S. and Canada. While the U.S. has tightened tax credit deadlines and placed a cutoff on tax credits for solar and wind projects placed in service after 2027, Canada has been more supportive of renewable energy development. Canada has set clean air regulations to limit emissions from fossil fuel power plants and offers a Clean Technology Tax Credit, providing a 30% investment tax credit for solar and wind projects through 2034 [3].

This regulatory environment may impact the pace of solar development in both countries. In the U.S., the focus is on advanced-stage projects to qualify for federal tax credits before deadlines, potentially leading to a short-term boom in construction. In Canada, the "Build, baby, build" initiative and supportive policies are expected to drive continuous growth in solar installations.

References:
[1] https://www.newsfilecorp.com/release/259076/Stardust-Solar-Reports-3.6-Million-SystemWide-Sales-Backlog-Up-80-Since-February
[2] https://www.stocktitan.net/news/SUNXF/stardust-solar-reports-3-6-million-system-wide-sales-backlog-up-80-o2bibav9b7ez.html
[3] https://pv-magazine-usa.com/2025/07/15/u-s-solar-projects-face-development-crunch-while-canada-says-build-baby-build/