Proof of Usefulness Report

Verengo Solar

Analysis completed on 2/17/2026

+15
Proof of Usefulness Score
You're In Business

Verengo Solar was a legitimate residential solar installer founded in 2008 that achieved significant historical revenue ($100M+ peak). However, the company filed for Chapter 11 bankruptcy in 2016, sold its assets to Crius Energy, and operations were fully shut down in 2019. The submission ignores this critical status, falsely claims the audience is 'everyone' and that 'most people have used my product', and lists nonsensical revenue figures ('all time marketcap'). Due to the project being defunct and the submission containing misleading/false claims, the Proof of Usefulness is minimal.

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Score Breakdown

Real World Utility+2.5
Audience Reach Impact+1.0
Technical Innovation+3.0
Evidence Of Traction+6.25
Market Timing Relevance+0.5
Functional Completeness+0.5
Subtotal+13.75
Usefulness Multiplierx1.09
Final Score+15

Project Details

Project URL
Description
At Verengo Solar we market, sell, and install solar photovoltaic systems, which enable homeowners to save money on their electricity by providing a smart and sustainable alternative to soaring energy rates— all while converting to a clean and renewable source of energy. As a key player in the residential solar industry since 2008, we have helped over 16,000 homeowners go solar. That’s the equivalent to planting over 920,000 trees! From startup we have been recipients of numerous recognitions and awards including: ranking #1 on the Solar Power World list of Top Residential Solar Contractors in the U.S, and being named to Inc. Magazine's List of America's Fastest Growing Companies four years running. We consistently maintain an A+ rating with the Better Business Bureau and have received Angie’s List Super Service Award every year since 2012. We are headquartered in Torrance, California— being the largest Southern California-based solar provider. The Verengo team thrives to fulfill the company vision and operates by its company values. We actively look for candidates who are committed to bringing these values to life. For more information on Verengo Solar, visit www.verengosolar.com

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline