Green Tech ADT Solar to close 22 of 38 branches – GWC Mag gwcmagNovember 5, 2023046 views On a November 2 earnings call, ADT announced it is restructuring its solar business it acquired from Sunpro in 2021. ADT Solar will be “focusing on the top performing markets and rationalizing the overhead and infrastructure of the business accordingly.” ADT said its total solar revenue for Q3 2023 was $58 million, down 68% compared to Q3 2022. The company said the drop was driven by lower installations and weaker sales performance. The company identified that 16 out of 38 branches made up approximately 70% of its sales volume and plans to close the 22 that weren’t performing as expected. ADT says it still expects to be a Top 10 residential solar player by volume in 2024. Screengrab of the earnings call The 16 branches remaining open: Atlanta Chicago Cincinnati Columbus Destin Germantown Houston Jacksonville Kansas City Miami Peoria Richmond St. Louis Tampa Temecula Carlsbad The 22 branches closing: Albuquerque Brownsville Charleston Charlotte Dallas Denver Des Moines El Paso Fresno Greenville Las Vegas Little Rock/NW Arkansas Lubbock Mandeville Oklahoma City Omaha Phoenix Raleigh Sacramento San Antonio Savannah Valdosta In a post on LinkedIn, ADT Solar president Jamie Haenggi addressed current customer concerns. “As we refine our focus, we remain committed to our existing customers, ensuring their projects reach completion,” Haenggi said.