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Guam District Office Success Stories

Guam District Office Success Stories

Matias Besasso and Brad Albert, Rising Sun Solar Electric LLC

Established by Matias Besasso and Brad Albert in 2003, Rising Sun Solar Electric LLC specializes in the design, sale, financing and installation of solar electric systems. The company has played a pivotal role in clean energy independence, education and social change here in Hawaii. Installing more PV systems than any other contractor on Maui, the output from Rising Sun Solar Electric LLC’s systems represent 35% of the island’s power generation.

Working with the Hawaii SBDC Network, the partners acquired SBA financing to enable the company to grow, negotiate favorable pricing, and offer the best customized options to customers. Their first SBA loan was used for working capital and with continued growth, their need for additional capital was met with a $100,000 SBA loan through the ARRA provisions. Driven by the fundamental belief that the environmental and economic benefits of their services could be profound locally and globally, the partners developed the small home-based start-up into an industry leader on Maui, creating 19 jobs in a five year period and recording strong increases in revenue year after year. 

In 2014, representing Rising Sun Solar Electric LLC, Matias Besasso and Brad Albert won the SBA Entrepreneurial Success Award for the Island of Maui.

Pictured: Matias Besasso and Brad Albert

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