Powell Max Signs LOI for $24M Boston Solar Acquisition and $0-Down Leases
Powell Max Limited signed a non-binding LOI on March 23 to acquire Boston Solar, which grew revenue 22% to $24 million in 2025. Boston Solar then partnered with Sunrite LLC to offer Massachusetts homeowners zero-down solar leases and PPAs with industry-leading rates and streamlined approvals.
1. Powell Max Signs LOI to Acquire Boston Solar
On March 23, Powell Max Limited executed a non-binding Letter of Intent to acquire Boston Solar, which reported 22% revenue growth to $24 million in 2025. This move aims to combine Boston Solar's vertically integrated operating model with Powell Max's public-market platform to drive U.S. energy sector expansion.
2. Boston Solar Partners with Sunrite for Competitive Financing
Boston Solar has joined forces with Sunrite LLC to offer Massachusetts homeowners zero-down solar leases and PPAs featuring industry-leading rates, streamlined approvals through Sunrite's financing platform, and premium installations. The collaboration leverages Sunrite's flexible financing and Boston Solar's certified installation expertise to reduce upfront costs and maximize monthly savings.
3. Growth and Market Impact for Powell Max
The acquisition and partnership position Powell Max to accelerate solar adoption in Massachusetts and the broader Northeast, tapping rising energy prices to drive demand. Enhanced financing options and a proven installation track record could expand market share, boost recurring revenue streams, and strengthen Powell Max's growth trajectory.