Company Profile (AI Text) Name: FAFCO Canonical URL: https://wefunder.com/fafco Updated at: 2026-06-11T05:00:05Z Tagline: CoolPV® can deliver up to 4x the power of stand alone solar panels Elevator pitch: CoolPV is an enhanced solar electric panel that generates electricity and heats water from one panel using the same valuable roof space. Because CoolPV cools the solar electric module, it increases the output of the PV module by up to 20%. Including thermal energy, CoolPV can generate up to 4x the power of PV alone. CoolPV lets customers save money, increase their home value, and be environmentally friendly all at the same time. Made in the USA, CoolPV generated $570K in sales in 2016. Key claims: - Total raised on Wefunder: 204528 | citation: https://wefunder.com/fafco#claim-total-raised - Total investors: 89 | citation: https://wefunder.com/fafco#claim-total-investors Verified facts: - Total raised on Wefunder: 204528 | observed_at: 2026-06-11T05:00:05Z | expires_at: 2026-06-12T05:00:05Z - Total investors: 89 | observed_at: 2026-06-11T05:00:05Z | expires_at: 2026-06-12T05:00:05Z Computed metrics: - total_amount_raised: 204528 - total_investors: 89 - team_size: 4 - featured_investor_count: 0 - faq_count: 5 - recent_post_count: 0 Quick facts: - One of the oldest and largest solar thermal manufacturers in the U.S.—founded in 1969 and incorporated in 1972. | citation: https://wefunder.com/fafco#claim-fact-1 - Generated $6.9 million in revenue in 2015 (fiscal year) | citation: https://wefunder.com/fafco#claim-fact-2 - CoolPV is a commercially viable combined solar thermal and solar electric system. CoolPV can generate up to 4x the power of a regular PV system | citation: https://wefunder.com/fafco#claim-fact-3 - CoolPV can decrease energy bills by 50% or more | citation: https://wefunder.com/fafco#claim-fact-4 - 20 issued or pending patents (CoolPV) in the U.S. and global markets over 47 years | citation: https://wefunder.com/fafco#claim-fact-5 - FAFCO's products have been installed on approximately 200,000 customer's homes since its inception | citation: https://wefunder.com/fafco#claim-fact-6 - Founder has been inducted into International Solar Hall of Fame | citation: https://wefunder.com/fafco#claim-fact-7 - FAFCO's vertically integrated United States manufacturing facility was designed and built to make engineered polymer heat exchangers for solar thermal, thermal batteries, and CoolPV applications for their respective global markets. | citation: https://wefunder.com/fafco#claim-fact-8 FAQ: - Q: 1)In your offering statement you write "In 2014, after two profitable years it became clear that our solar water heating business segment was coming to an end..." what were the main reasons why you did not drop totally off this segment and decided still to drag along in you pr... A: Dear Kristaps – Sorry for the slow response. We ran into a few technical difficulties with the Q&A that I believe we’ve ironed out. CoolPV needs a water source to cool the PV module and increase its electrical output. Whether the heat from the PV module is used to heat a pool or heat domestic water, it’s a load for the heat that makes CoolPV what it is. Further, the power produced by CoolPV is up to 4x greater than the electrical power produced by standard solar alone, and the increase is... - Q: To point 3 of Kristaps Soms' comment, for me I'd be investing a lot more in general if valuations were in line with performance and risk. Too many start-ups...or going concerns... just think they're worth more than the market says they are. I'd like to hear from the company wh... A: Barnaby – I agree that setting the proper valuation for a business is very difficult. CoolPV sales grew exponentially from 2015 to 2016. Since we believe we are selling into a $221M US solar pool heating market, we believe there is tremendous room for growth. A good rule of thumb is to value a rapidly growing manufacturing business at some multiple of sales. Therefore, combining a $221M market with our exponential sales growth leads us to believe the valuation is fair for both FAFCO and our i... - Q: I love the idea of coupling solar PV with thermal. However, I would imaging the market is very limited since probably only a small fraction of households can take advantage of all the excess thermal energy when its most plentiful. Any plans to couple the thermal aspect of the ... A: Sajad – Thank you for the question. We believe the opportunity for CoolPV in the US solar pool heating market could be as large as $221M per year in sales. There are 5.1M in ground pools in the US, and many of these pool owners are potential CoolPV customers. I would call this a very large market. We are focusing our sales and marketing efforts here first. There are many other potential applications for CoolPV. Large, day-time users of heated water for applications like food processing, bottl... - Q: You show 6.9 mil in revenue for 2015, then 500+K the following year. That's a huge drop. Am I missing something? A: Tammy – The $6.9M figure is gross sales for the entire business for 2015. In 2016, gross sales for the entire business are estimated to be $5.9M (final reviewed figures will be available at the end of April). CoolPV sales were $57K in 2015 and $570K in 2016. - Q: Do you have any plans to expand into the UK? A: CoolPV has applications in markets around the world. We intend to unlock the value of CoolPV by licensing the technology regionally, selling components made by FAFCO in United States to the licensee, and collecting royalties. We will sign our first license agreement with a company in South Korea shortly. At this point, we do not have plans to expand to the UK.