The Science of Flipping - Why Billion Dollar Solar Companies Collapsed and Who Is Winning Now | Hung Nguyen

Episode Date: June 30, 2026

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 T...he 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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript
Discussion (0)
Starting point is 00:00:00 There's some rather large solar companies that went completely bust. Did they go bankrupt? Are they around anymore? Are they just done? What happened? So these are the big guys, too. I'm talking about a billion-dollar companies. It was like the solar apocalypse that just happened, right?
Starting point is 00:00:13 Titan, multi-billion dollars. Sunpower. One of the ones that I originally created and manufactured their own solar. Sun Nova. It was a bank, right? And these are the bigger companies that were initially building and or selling at volume, mass-volume, solar to homeowners. They're super big. They're like Glyeths of the industry and they all got wiped out pretty much.
Starting point is 00:00:43 What is up, everyone, at the Moore Show family? We are back with another incredible guest. And as always, these episodes are brought to you by The Moore Club. If you go to timeformore.com, you will see we have a club that features our guests so you can actually talk to them and get advice from them. You also can see deal flow. You could raise money. You could join venture. It is the best club because we maximize opportunities in real estate. And today, my guest, we are going to talk about something that completely blew my mind because he knows how to maximize opportunities in real estate. He's a seasoned investor, hundreds of deals done, but he has a glitch in the system when it comes to solar. And I mean a real glitch. Hung Wyn is here. What's up, brother?
Starting point is 00:01:29 Hey, hey, how's it going, man? Well, so let's jump right into yes, you're a season. an investor, but it led to this opportunity in the solar space. And I think if you've lived under a rock, you may have not seen all this stuff that's gone on in solar. So let's catch them up a little bit and then how you found this opportunity in the solar space. Yeah. So it's actually pretty funny. I was actually buying a duplex at the time. You know, I was doing my normal routine, just cold calling. and we were cold calling everyone, right? Wholesalers, you know, real estate agents as well as homeowners that were going through the stress list. So this one was actually pretty funny because I actually called this guy.
Starting point is 00:02:13 We actually met up with him at this house. It was a duplex. I was like, oh, this is a good opportunity. I could probably just wholesale this thing or keep it. I ended up talking to him about what I do, which I build out systems and processes. So this is for real estate agents, or not real estate agents, sorry, wholesalers, investors. And so he was like, dude, do you have time for me to come buy your office and take a look at what you do? And so I was like, yeah, come on on by.
Starting point is 00:02:42 We'll sign the contracts there, no problem. And then he was like, dude, I've been door knocking for selling Roos for so long now. And I couldn't sell Roos that had solar on top. And I was like, why not? And he's like, well, because nobody knows how to take those things down. So it was pretty funny. I was sitting there. I was like, okay, so how do I become like the elevator or the escalator?
Starting point is 00:03:10 Because you know how it's like the moving, the lift or the moving staircase? So I was like, how do I become that of this world? So I looked up the insurance line item and it was Detach Reset Reset Solar. That's how we actually became the name. And that's how we started this whole thing. Just dumb luck, really. You know, I think if people are not aware, but there's been a lot of solar companies that went in a business, right? Yeah.
Starting point is 00:04:26 And so this is not an opportunity to go sell solar. We're not talking about anything like that. But we are talking about this opportunity that was created because these, you obviously know more of the research than I do. But there's some rather large solar companies that went completely bust, right? Yes. There's a lot of them. Do they go bankrupt? Are they around anymore?
Starting point is 00:04:45 Are they just done? What happened? No. So these are the big guys, too. So these are, I'm talking about billion dollar companies, and it was like the solar apocalypse that just happened, right? So it was, I'm talking like Titan, multi-billion dollars, Sunpower, one of the ones that originally created and manufactured their own solar, Sun Nova.
Starting point is 00:05:08 It was a bank, right? There's so many of them, I can't even name all of them. Now, all these, they like went bankrupt or they're out of business, like they're gone? Or are they still around somewhere? No, they're gone. They're gone, gone. I mean, they've been purchased by other companies. Yeah.
Starting point is 00:05:24 Pieces of them have been purchased and, like, their domains and, you know, all those. Yeah, so they've been, like, fractioned off in, like, you know, a corporate raider would go buy a company and sell off its parts type thing. Exactly. 100%. Interesting. And these are the bigger companies that were initially building and or selling at volume, mass volume, solar to homeowners. Exactly. They're super big.
Starting point is 00:05:48 They're, like, the Glyeths. the industry and they all got wiped out pretty much. And so when that happened, how did you find your opportunity? Now, so back up a little bit, what is it that you exactly do? Yeah. So we actually do solar maintenance. So we actually picked up on the side that nobody wants, right? Like, how do you how you call us? Like, I guess the trash people or the guys that have to fix it, right? Yeah. It's not the sexy work. It's the dirty work. But someone literally has to do it. it. By definition, someone has to do it. 100%. So as soon as these companies started going out, we actually saw the writings all over
Starting point is 00:06:26 the wall. We were like, oh, shoot, these companies are falling one at a time, like extremely fast. And we were actually marketing like this crazy on Instagram, jumping on podcasts and telling people and stuff like that. So towards the end of every single one of them, we actually became the preferred subcontractor for all of them to start doing their maintenance work as well. And you're talking about you became the subcontractor of like Titan and in all these really large companies, they're like, hey, we're going out of business. We need to sub all this stuff out. And you guys started getting the calls.
Starting point is 00:06:56 Exactly. So, yeah, we took a big hit because when they went bankrupt, we actually didn't recover any of that money, right? So we just basically just had to take a big bad L. But the thing is, because we did that, we actually had the authority that said that, hey, we were the ones that were working on those systems. So we know how to. And so then when that happened, so these solar systems are actually now called orphan systems in the solar world because now they don't have a parent company monitoring their warranty work
Starting point is 00:07:29 or any of the manufacturer warranties or anything like that. So basically we came in, we're just like, hey, listen, we know how to work on all these systems. We can help you. And most of the times we actually can still utilize the manufacturers warranty because, hey, you know, they promised the 30-year warranty. Just because the installer went out doesn't mean that we still can't invoke the warranty. That's right.
Starting point is 00:07:54 Yeah. And so what happened? So, you know, being I was in Arizona for 13 years, I feel as if, like, that in Florida, I'm in, like, two states that, like, they use solar pretty heavily. But homeowner Fred bought solar and installed solar through Titan as an example. Titan goes out of business and Fred has no one to call when he needs some sort of maintenance or something. Yep, exactly. And how do you go find that business, right?
Starting point is 00:08:23 Like now, Titan initially was giving you the referral, right, and saying, hey, we're going to outsource to you. Like you said, you took a loss. You're like, okay, well, that's a loss, but I'm going to keep going. Now what does the business look like? Like, how do you find more homeowners to say, hey, we actually can help you. there's still warranties. There's still a process here, but we will come in as a third party.
Starting point is 00:08:45 Yeah, exactly. So there was a couple of things that we were doing, actually. So the first and the most obvious one is we marketed, right? So we blasted out, Google marketing, Facebook ads, so on and so forth, right? That was like our direct method. And then from there, we actually did the same thing
Starting point is 00:09:01 that we always did with, you know, real estate. It's called power teams. Yeah. You want to have these guys that go out there, bird dogs or whatever, right? So where did our target audience congregate, you know, and who has the first touch them, right? So most of it's a similar, right? So real estate agents is one, two, roofers when they re-roof, and then the last one is banks, right?
Starting point is 00:09:27 So solar banks, they have to take over the loan because they obviously, this is still recurring revenue. They're not going to just let it go. Yeah. Right. And so we now work with banks. We work with roofers and everybody else that refer us business. So this is a huge, I mean, literally the definition of our podcast is maximizing opportunities in real estate.
Starting point is 00:09:47 This is a huge opportunity. I mean, do you even, how many houses, do you know? How many houses have solar nationwide? Do you know that number? I think it's about 6% adoption or something, 5% or 6% adoption. So a lot. I don't even know what that number is, but it's a ton. Yeah.
Starting point is 00:10:05 It's a lot. And who, so then who pays you guys? So most of the times the homeowners pay us, but if we work directly with the banks, then the actual banks pay us. And then the other thing is, is that we got into a lot of insurance storm restoration. So whenever the roofers need a re-roof, the insurance companies actually pay us directly. How did you, I mean, this seems like it has a lot of scalability to it, right? Like this doesn't seem like you're just going to go do one little city and that's what you run your business. like could this be in any state like can you service any state yeah 100% do you need a license to do it
Starting point is 00:10:44 in any state to go get license in every state exactly so i mean it's uh it's electrical so we have to have have licensed individuals working on it we have to have a license holder and all that stuff as well so and you have all that already yeah that's incredible now how did you come across this business it was that one relationship where you and the gentleman sat down at your table and just started talking about what he's got. Yeah, exactly. That was it. It was purely like dumb luck, man. Sometimes that's the best place to be, right? Just having conversations. I've been really focusing on having more conversations with no intention, but a conversation. Because what you just said, dumb luck, you happen to come across this guy. How did you guys meet again? I was buying his house.
Starting point is 00:11:29 You were trying to buy his duke like. I wanted to buy his house. And he's like, hey, I run this business. I'm thinking of exiting. Like, was he, I was he? I was buying his house? I was he, actually, did he bring it to your attention? Like, hey, I, I want to get rid of this business? No, he actually didn't even start the business yet. Like, he was like, I don't know if, I should do this. So I'm, like, dabbling my feet into it. And, you know, out of nowhere, he's like, dude, let's just do it, right? And so he started cold calling and he started doing all that stuff. And then instantly we generated like $10,000 within like four days of just cold calling. I was just like, wait a minute. There's something here. This is something.
Starting point is 00:12:06 Like this is actually pretty genius. Let's start building it and putting it together. And so, yeah, we were like in this little tiny cubicle. And I remember I was like sitting there on like Microsoft paint and like creating like little ghosts. Totally. Well, you've been in my world for years, dude. Years, right? And I've helped you run wholesale businesses and you've done hundreds of deals and you're already successful.
Starting point is 00:12:29 Are you slowly but surely done with the transactional real estate and this is going to be your main thing? Yeah, so I haven't done transactional real estate since, I'd say, 2022. Okay, so it's been a lot. And you've been doing this for that whole time. Exactly. Yeah, we started this actually just before COVID. So January 3rd of 2020, it was when we started this thing. That's phenomenal. Okay, so how can this audience, how can I, like, is there, if wholesalers, agencies, if they come across listings or deals and like, I don't know what to hell to do with this, do they call? use or like a world that you could use some help getting more opportunities? Oh yeah. So real estate agents, investors and stuff, you know, when you buy an house actually
Starting point is 00:13:19 with solar on top, guess what one thing that inspectors don't actually know how to test? Solar. Yeah. They actually don't do it at all. They actually skip it. So that's how we work with real estate investors and agents, right? because we can do that inspection for them. We'll teach, oh, we'll actually go in there.
Starting point is 00:13:37 We'll take all the voltages. We'll take the all the amplages. We'll make sure that the system's actually working. And then if they need us, too, we can help them with the transfer. So that way they can actually monitor their system as well. So do you guys help? You brought it up now. That was my next kind of question.
Starting point is 00:13:51 The transfer, a lot of investors, there's like, I don't want to deal with a house that has solar, right? Yeah, exactly. Do you inherit the loan? Do you buy it out? Is it part of the purchase? There's all these like little, slightly new ones. wants parts depending upon the scenario.
Starting point is 00:14:04 Do you help with all that? I can give them strategies, you know? So, like, if it's actually an own system, most of the times, you would actually just want to just have the seller just pay it off on the transition, right? Because like building in the purchase price. And if you'd buy it for 400, buy 420, let them take the 20 grand, pay off the solar. Exactly. Exactly.
Starting point is 00:14:25 Because that way, you know, you're not inheriting a loan. You don't have this giant headache that you weren't anticipating and you're wanting to flip this house. but the solar costs you like a couple hundred bucks, and you're like, dude, that's another overhead I didn't even think about. That's right. Right? However, if it's a leased system, that is a whole world of, like,
Starting point is 00:14:45 it can get you in so much trouble, right? Because, like, now the lease company has ownership of the thing and you're borrowing the panels. And so, like, that gets you into a whole different thing. And then are the leases assignable? I haven't done one so long I forgot. They are assignable. They are transferable, yeah, for sure.
Starting point is 00:15:05 Especially with the company that doesn't even own it anymore, right? So were the leases always from like those big ones like Titan as an example? Was it a Titan lease? No, so Titan was actually like the installer and the sales side, but they always sold it to some kind of bank, right? Just like real estate, right? Just like it. Yeah. So the know it's just like real estate.
Starting point is 00:15:28 Exactly. They just sell it from one bank to the next bank to the next bank to the next bank. bank and you're like, where do my loan come from? That's right. I mean, it's funny that you and I are in the real estate. I mean, that is a very common place in everything, cars and solar and real estate. Like, this is what happens. We just come, is probably most known, I think, in the real estate space where notes just keep getting sold down the line. Yeah. All right. So you can help them. And you could just give advice. Like, here are some options you could do. You don't work. Do you work directly with a homeowner or who do you guys work with? It really depends. We work with pretty much everyone.
Starting point is 00:16:06 So we are about 56% B2C, so directly to the homeowner. And then the rest of them are actually B2B, right? So we have all those connections and banks. Besides the banks, what other businesses are you really working with? Roofing companies, real estate agents, actually inspection companies. Yeah, no, it makes all the sense. Yeah. And we also work with a lot of warranty companies too. So if you're out there listening right now, immediately, let's just, how can they find you? So if they have a scenario, they can reach out to you. What's the best way that you'd like them to reach out to you? Yeah, so the first one is actually just going on to our website and filling out a forum, obviously.
Starting point is 00:16:43 So it's detach reset solar.com. Detach reset solar.com. And all the links, obviously, it'll be in the show notes, but detach reset solar.com. Fill out of form, someone on your team will reach back out? Exactly. Okay, great. And again, if you're an agent, a homeowner, or even just you already have solar, maybe everything's for the most part fine. They just don't have anyone in the service.
Starting point is 00:17:11 It's as easy as reaching out to you just straight service. I'm the consumer. I just need someone to be able to fix it because it doesn't seem to be working. Yeah. So here's the mistake that most people would think, right? Like most people think, oh, it's solar. You have to go back to the original guy, right? Right.
Starting point is 00:17:26 I would. If you go, like, buy a car, most of the times, yeah, people think about going back to the dealership, but do you have to fix your car at the dealership? No. You don't, right? And it's actually usually more expensive to fix that dealership, right? Yeah, exactly. They're more expensive.
Starting point is 00:17:42 Every car I've had, you go to, like, if you use Land Rover, for an example, it is vastly more expensive. To do anything, if you bring it back to Land Rover. Say what? They have a nice lounge for you, though. They have a great lounge. coffee in there. Great coffee. I use all the coffee because I want to try to get value for something. So I drink all the coffee. But that's a great analogy in the sense of like, you know, you can go back. If you need new tires, you can go back to the dealership or you can go to,
Starting point is 00:18:12 you know, tire choice down here and it's probably a fraction of the cost. Yeah, exactly. And way better, right? Like, for example, a dealership will probably want to charge you and, you know, you have to make an appointment like three weeks out or whatever just to get your tires rotated, right? But what if you just go out to like Costco or anything else, right? Like they can just go out there, swap your tires and you're good to go within minutes. What is the thing that goes wrong with? I've never had solar in my house, so I just genuinely don't know, like, what happens? Does it break?
Starting point is 00:18:46 Does it turn off? Does it stop working? Meaning like, now your power doesn't work? What happens? That's a great question. So there's a lot of things I go on. And here's the thing is solar was sold to people with zero maintenance. So they're like, hey, Justin, like, if you put this on your house, 30 years later, zero maintenance, your electricity will go down and you have like free electricity.
Starting point is 00:19:06 That's never the case. Never. Yeah. With the electricity, there's degrade factor, right? So LG was like promising the world 30 year panel warranties, you know, what is it like? percent degradation over the course of the 30 years. And then after real-life testing, it was 50 percent degradation after 10 years. Oh.
Starting point is 00:19:33 So LG is literally just manufacturing panels just to swap them just to make sure that homeowners are having a warranty covered. Right. Yeah. And so what does happen when it, when it degrades, like, again, this is directly connected to your power. Like so your power just turns off. you can't use your air conditioning, your lights or what happens? No, so that's the other misconception. Most people think that solar is actually just independent.
Starting point is 00:20:02 It's not. It's grid tide. So basically how it works is solar produces the energy and it pushes it back into the grid. So does it mean every little aspect of energy that's running through your house from your AC to your heater to your lights to your oven stove, whatever energy is being produced, like even a pool pump, I'm making that up. I don't know, maybe I sound done, but like all of it? Yeah, everything.
Starting point is 00:20:25 So everything comes from the grid. So when it degrades, your whole world starts to go, oh, shit. Yeah. So, I mean, your electricity bills just go back up because now instead of feeding it back into the grid and reducing your electricity bill, it basically just allowing the grid to pump your electricity again, which basically the utilities is bringing back up to what it would be. Okay, so that would be the first way to notice you got an issue. It's like you go from, I'll make this up.
Starting point is 00:20:49 my power bill is typically about $400 a month you ever take if I had solar let's just say it goes down to what what would someone sell me on solar oh if you had solar it'd only be $100 what would it be a fraction? It depends on the jurisdiction so like that's the other thing that sucks is like
Starting point is 00:21:06 some grids are not meant to push that much power in so they limit it so they basically call it offset so let's say that your jurisdiction allows for 120% offset so if we have enough roof space, we can actually cover 120%, which means that you should actually be getting paid back from the utility, right? So, let's say I'm at zero just to make it, you know, whatever. And all of a sudden, my bill comes in and I just pay 200 bucks.
Starting point is 00:21:34 And you're like, wait a minute, I've been at zero for the last year and a half. Like, how did I pay 200 bucks? And so that would immediately say, I need to call hung. I need you to come in or your company, obviously, not you, but reach out to you guys and and say, hey, something's up. 100%. But what if I don't know, like, what if I don't know what to tell you guys? Like, hey, my bill just came back.
Starting point is 00:21:56 I would literally just say, hey, I got a $200 bill. It's usually zero. Yeah. Just tell us that. We'll go out there. We'll test out the entire system. We'll check it out. We'll look underneath the panels and see if, so this is the other thing.
Starting point is 00:22:07 The old systems, they actually were wired up with, like, soy coating. Okay. Yeah. So basically that soy with electricity actually makes it so that way. squirrels can smell it. And squirrels get hungry, they'll actually crawl underneath the panels and actually chew up all the wires. Wow.
Starting point is 00:22:26 So systems don't work all the time because of that, right? So we have to lift up the panels. We have to like see there's nests built under there. We'll have to kick them all out. And then, you know, from there we can then fix your pounds. Now, what about the panel that's like just done?
Starting point is 00:22:44 Does it have an actual warranty from the company anymore? or am I screwed the homeowner who thought I had a warranty, but then the company leaves or goes out of business, so now I'm screwed. I have to go buy a panel. Yeah, so it used to have a really good panel warranty, right? Even like the top manufacturers had a really great warranty.
Starting point is 00:23:03 Now, if you invoke that warranty, they basically are like, hey, you know, your panel is actually just worth this much now. I'm going to give you like $40. Shocker. You can go buy a new panel. Shocker. And how much are panels?
Starting point is 00:23:16 So it depends, right? Like the newer ones are now, you know, four or 500 wallet bucks for a panel. How often are you seeing these, you know, everyone, again, there was a bunch of reasons I believe people chose to do solar, right? Tax credits being one, lowered monthly cost on your power being the major one. How many of these now that you're seeing like, looking back and connecting the dots,
Starting point is 00:23:50 like because you have to have this replaced all the time, because now you have to have, you know, Hung's company come out and do this and you have to pay it apart, like you're not going to ultimately end up saving as much as you ultimately wanted because there's a real cost of all this shit. Yep, exactly. So, I mean, being a real estate investor, you obviously know, there's certain things that we were looking for, right?
Starting point is 00:24:13 So let's say you just did a, flip and you needed to get a tax right off of like $30,000, right? Now, you get the solar and you get 30% off of that, then you would actually make a $9,000 deduction plus you have a solar investment, which over time, yeah. So there's like certain ways that we can actually reduce it and that's actually what makes the ROI worth it. However, last year, Donald Trump actually passed a big beautiful bill, which eliminated all of the solar tax credits. Yep. Um, so. So that's what put a lot of companies in trouble too. Because now it's only really didn't make sense, right?
Starting point is 00:24:52 It still makes sense. Right? Because the maintenance and the replacing of the, like it all just costs. And at the end of the day, it's just another thing. Like I just look at something as another thing. Right. Yeah. Okay, let's just say it saved me ultimately through the lifespan.
Starting point is 00:25:07 Let's just average you $100 a month through the lifespan of me owning this for 20 years or whatever it is. But now I'm dealing with it. I got to call you. I got to fix it. It's another thing that I'm dealing with. I don't know. And maybe I'm being a little drastic. I just,
Starting point is 00:25:21 I don't know if I see the value of looking backwards now. No, yeah. You, like, I tell people all the time, I'm actually in the solar industry. And, you know, it only makes sense in certain areas, right? Like high utility places like in California, Hawaii,
Starting point is 00:25:36 and wherever they're where they're paying, like $1,000 a month in utilities, those are the areas that are worth it. Yeah. In Colorado, where my electricity bill is coming back, like $60. Right.
Starting point is 00:25:48 Like, why would I ever touch that stuff? It doesn't make sense to me. Are there still companies out there selling solar? Yeah, there's still a lot. So it's still a very vibrant industry. Just the bigger main players kind of started this whole thing. They're for the most part out. It kind of allowed a reset almost, right?
Starting point is 00:26:09 So like these little buds started to sprout up again and that it's allowing like diversity throughout the industry. Yeah, it was like democratization. of solar versus a monopoly of solar essentially. Exactly. Exactly. I mean, to some extent, I like that, right? Then, you know, more people can hustle and the people who hustle harder, make a lot more money and create more opportunity.
Starting point is 00:26:28 But then, again, even if these are the independent people selling it, do they have a warranty now or now the industry has changed so much to essentially only go directly to you? Like, would it be a good idea for you to go find all the solar sales teams now and just use them and say, hey, we are going to be your outsource. service department? We do that often, yes. However, we also do the other side where
Starting point is 00:26:53 so manufacture warranties and stuff, they're not as good as it used to be, right? Like an inverter, for example, an inverter usually, like, they're supposed to last like 25 years. However, they realize, again, these inverters blow up, like in Phoenix, right? It's so hot there that like these inverters were blowing up every like seven to 12 years.
Starting point is 00:27:16 And so, you know, manufacturers warranties used to cover the entirety of the 25 years. Now, if you get an inverter, it's only covering like 10 years. Right. A lot of it's actually reduced a lot. In terms of actual installers, they actually reduced as well. It's like we offer a 10-year warranty, leak in labor, for anything that we base a new touch. Like, if we're actually drilling a new hole, we'll warranty that hole for 10 years, right?
Starting point is 00:27:43 the industry has now bade it so that way a minimum warranty is not only like a year and a half so you don't actually have to hold that much of a warranty anymore. Wow. But you still, as your company, you guys still go 10 years.
Starting point is 00:27:58 Yeah. We still have nice. You know, the real estate space is so unique and the reason why we love featuring stuff like this is because there's a lot of opportunity out there, right? And I would tell
Starting point is 00:28:13 everyone out there, if you're an agent, if you're an investor, or even just know of people. What was the website again? Detach reset solar.com. Detach reset solar. Like, reach out to them, give them, give everyone Hung's website because, God, 6% of the market share. I mean, that's, I don't even know how many homes that is. I couldn't even calculate it. It's insane.
Starting point is 00:28:38 That's a lot. And so your, your TAM is huge, I would argue. Right. If anyone's ever talked to you about selling a business and scaling a business, you're going to talk about a total addressable market. Dude, you got something really impressive, right? Yeah. There's a lot of competitors. Do you have like, is this a field that has like 4,000 of you or is it like there's 10 of you? You know, it's funny. When we started for the first three years, we were the only ones. We had completely blue ocean, like we did whatever we needed to. We were the only people that people called. and then I started jumping on podcasts like this. And it's funny because I did a lot of events, event marketing. And people come up to me all the time.
Starting point is 00:29:24 Like, dude, I just watched your podcast. And I started a company that what you do because of you on your podcast. And I'm like, well, thanks. So yeah, we have a lot of competitors out there now. It's like one of the biggest. Yeah. But the nice part is you're big enough that you could probably go buy them. Yeah.
Starting point is 00:29:39 Almost like a merger and acquisition play where you're like, great, I created my competitor, but you're so small, I can actually buy you, fold you to this. You'll have a bigger upside because we'll have an exit. You'll never have an exit. I don't know if you ever thought about that, but that actually might be a huge play. Oh, yeah, I thought about it a lot. The problem with like those things is like, man, every single time I went into a company
Starting point is 00:29:59 to analyze it, like they're the only ones doing anything. That's right. They don't have a company. So I'm like, what is your assets? It's a phone number and a website. Yeah, that's not a company. That's a person huddling for me. money. Exactly. And then they want these ridiculous numbers. I'm like, dude, your EBITA might actually
Starting point is 00:30:17 say something like that, but the realistic, like your company is not worth much. Like, yeah. Yeah. Well, maybe give yourself another year or two and some of these other guys might catch up enough where you might be able to see like, all right, you built something nice here, right? Maybe it's a little, they're early in the game. Um, but anyways, Hung Wend, you're obviously going to be in the more club. Would love for you to, uh, talk to anyone who has questions. maybe, you know, jump on a quick call, but this is incredible. I mean, there's a lot of opportunity in general, but I think there's a lot of information you investors and you realtors need to really think about here and reach out to Hung, for sure. Yeah. Oh, then, here's the biggest thing is,
Starting point is 00:30:58 like, most real estate agents only think about housing as being a real estate investment. Like, I look at everything as being real estate investments, right? Like businesses, buying and selling businesses like what you just said the street the tree the parking lots the billboards like those are all real estate and there's all businesses in those right someone's got to trim the tree like in in florida here we have people twice a year because of hurricanes we have to trim our trees literally there's business yeah there's business everywhere yeah so as long as you can capture a piece of real estate you're good to go yeah it doesn't have to be real estate well i appreciate you jumping on Thank you so much.
Starting point is 00:31:37 Make sure everyone goes and we'll leave the website in the show notes. But thank you for sharing a little bit about the solar world and how there's an actual huge ocean of opportunity, in my opinion, regarding the maintenance and servicing of these solar panels. Yeah. Appreciate you having me on the show, man. Right on. All right, if you think there's a couple of people that need to hear about Hong
Starting point is 00:31:57 and what he does in his company, please share this with the least two of your friends. We'll see you on the next episode. Peace.

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