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New Energy Equity Claimed Company
Founded in 2013 and headquartered in Annapolis, Maryland, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 250 projects, totaling more than 460MW of solar projects since 2013. The company was ranked as the 7th largest developer on Solar Power World's "2021 Top Solar Contractors" list and was voted as one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine in 2020. New Energy Equity is a wholly owned subsidiary of ALLETE, Inc. (NYSE:ALE). read more
New Energy Equity Company Culture
New Energy Equity Culture
This score is derived from employee ratings & reviewsChoice Employer
A+
4.7/5
Top Rated Culture Dimensions
CEO Rating
A+Compensation
A+Executive Team
A+Happiness
A+Leadership
A+New Energy Equity CEO
Top 5%Top 5% of Similar Size Companies on Comparably
Matt Hankey
90 /100
See More
Diversity at New Energy Equity
Top 10%Top 10% of Similar Size Companies on Comparably
A
Diverse employees at New Energy Equity have rated Perks And Benefits, Outlook, and Leadership as the highest categories they have scored
Women at New Energy Equity
Top 20%Top 20% of Similar Size Companies on Comparably
B+
Women at New Energy Equity have rated Team, Executive Team, and CEO Rating as the highest categories they have scored
New Energy Equity eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 5%Top 5% of Similar Size Companies on Comparably
Recommend to a Friend?
82
New Energy Equity employees are 82% more likely to recommend New Energy Equity as a great place to work
| 87% | Promoters |
|---|---|
| 8% | Passives |
| 5% | Detractors |
Working at New Energy Equity
Working at New Energy Equity is rated highly by 65 employees, across various culture dimensions. New Energy Equity employees are most satisfied about CEO Rating, Compensation, and Executive Team categories, putting New Energy Equity’s culture in the Top 5% compared to similar sized companies on Comparably and in the Top 5% compared to other companies in Washington, DC. See below in detail how working at New Energy Equity was rated by employees.
Overall Company Culture at New Energy Equity
A+
Overall Company Culture at New Energy Equity is rated A+
Last updated months ago
Top
5%
New Energy Equity ranks in the Top 5% of other companies on Comparably with 51-200 Employees for Overall Company Culture Score
New Energy Equity Employee Reviews
Out of 236 New Energy Equity employee reviews, 97% were positive. The remaining 3% were constructive reviews with the goal of helping New Energy Equity improve their work culture.
| Positive Reviews | 97% |
|---|---|
| Constructive Feedback | 3% |
Positive Reviews From New Energy Equity Employees
- What did you like most about the interview process?I spoke to a large range of people during my interview process which helped me gain an understanding of the company culture. Being a good fit is important to the team!
- What did you like most about the interview process?Too many interviews and it took a long time
- What are some of the best things about your team?My team is always willing to assist and offer help. Being new to this industry, there were many lessons to learn and my team helped me get there!
Constructive Feedback From New Energy Equity Employees
- Why do you feel undervalued and what would make you feel better about your compensation?Being valued and compensated fairly for work done.
- Why do you feel undervalued and what would make you feel better about your compensation?I would like to make more money
- Why do you feel undervalued and what would make you feel better about your compensation?compensation is less than others in similar position/background/experience
New Energy Equity Company Information
New Energy Equity Company Overview
Founded in 2013 and headquartered in Annapolis, Maryland, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 250 projects, totaling more than 460MW of solar projects since 2013. The company was ranked as the 7th largest developer on Solar Power World's "2021 Top Solar Contractors" list and was voted as one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine in 2020. New Energy Equity is a wholly owned subsidiary of ALLETE, Inc. (NYSE:ALE).
New Energy Equity was founded in 2013 and its current CEO is Matt Hankey. Since its inception 13 years ago, New Energy Equity has grown to 80 employees.
New Energy Equity Mission, Vision & Values
New Energy Equity Mission Statement
Building cleaner energy, leaving behind a better world.
New Energy Equity Values
- WE'RE ALL IN: We value our partners and their commitment to us and will devote all of our efforts in developing excellent projects.
- TOP OF OUR GAME: We will drive innovation and success in our industry.
- LIFT AS WE CLIMB: Our team drives our success. We will rise together, working hard and harvesting innovation from our experience.
Sustainability and Corporate Social Responsibility at New Energy Equity
In 2020, New Energy Equity established an incentive program to reach the ambitious goals we set for the year. For each goal we met, a sum up to $25,000 would be set aside to donate to a deserving charity. This program allowed for teams within the company to advocate for their favorite charity. After each team presented their organization, we made the decision to establish a foundation where we could help multiple of the suggested organizations that help our community. Through the “Lift As We Climb Foundation”, New Energy Equity will donate a new solar system to Chesapeake Region Accessible Boating, and divide the sum of our donation between three local charitable organizations. New Energy has additionally authorized an additional day off in 2021 to volunteer for anything that benefits the Chesapeake Bay. Additionally, New Energy will donate $100 to that non-profit for every day that an employee spends with that organization.
| Headquarter | New Energy Equity, LLC 2530 Riva Road, Suite 200 Annapolis, MD 21401 United States of America |
|---|---|
| Website | www.newenergyequity.com/ |
| Founding Date | 2013 |
| Company Status | Public |
| Stock | NYSE: |
| Jobs | www.newenergyequity.com/contact-us/employment-opportunities/ |
| Social Sites |
Our employees talk about what working at New Energy Equity means to them,
Our annual "New Energy Equity Family Fest" where together we celebrate our company's success with our families.
There's nothing like being in the great outdoors for some team building! Our Business Development Team enjoyed a hike together as part of a retreat held at our Boulder, CO office.
Our Accounting team enjoying a well deserved team retreat at TopGolf!
The New Energy Equity Book Club enjoys discussing their latest read over apps and drinks!
Annual company bike ride or walk, to honor one of our late co-founders, who had a passion for cycling in addition to renewable energy. Everyone is encouraged, whether together or remotely, to take time on this day each year to get outdoors and honor his legacy.
Our annual company bike ride or walk, to honor one of our late co-founders, who had a passion for cycling in addition to renewable energy. Everyone is encouraged, whether together or remotely, to take time on this day each year to get outdoors and honor his legacy.
New Energy Equity Employees
New Energy Equity has 80 employees. 65 employees at New Energy Equity have reviewed New Energy Equity across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was months ago.
Overall, the 65 New Energy Equity employees give their leadership a grade of A+, or Top 5% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at New Energy Equity are extremely happy with their total compensation at New Energy Equity, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at New Energy Equity are extremely happy with their team. 65 Participants grade the quality of their coworkers an A+. The majority believe the meetings at New Energy Equity are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at New Energy Equity believe the environment at New Energy Equity is positive. Most Participants believe the pace of work at New Energy Equity is comfortably fast. About 62% of the employees at New Energy Equity work 8 hours or less, while 6% of them have an extremely long day - longer than twelve hours.
Overall, the employees at New Energy Equity are extremely happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
A Day in the Life
A Day in the Life
New Energy Equity employees generally work 9.1 hrs a day
Work Hours
A Day in the Life
Employees at New Energy Equity report the work pace is comfortably fast
Work Pace
A Day in the Life
98% of New Energy Equity employees look forward to interacting with their team every day
Coworkers
A Day in the Life
New Energy Equity employees typically get valuable feedback on how to improve at work Every Week
Feedback
A Day in the Life
98% of New Energy Equity employees call their work environment positive
Environment
Joining New Energy Equity - Employee Onboarding
The prevailing opinion from employees about joining New Energy Equity is that the company was very prepared on their first day. New Energy Equity employees concluded that their overall onboarding experience was positive. 100% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
New Energy Equity KPIs and OKRs
At New Energy Equity 100% of employees think their department KPIs and OKRs are clear. Employees’ understanding of New Energy Equity's KPIs and OKRs is essential for its success. Out of 4 New Energy Equity employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 4 have said yes.
Are your company's goals clear, and are you invested in them?
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Featured Press for New Energy Equity
New Energy Equity Salaries
How much does New Energy Equity pay?
How much do people at New Energy Equity get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at New Energy Equity is $64,108, or $30 per hour, while the estimated median salary is $194,404, or $93 per hour.
At New Energy Equity, the highest paid job is a Sales Manager at $138,651 annually and the lowest is a Receptionist at $41,900 annually. Average New Energy Equity salaries by department include: Marketing at $78,682, Business Development at $111,572, Operations at $79,291, and Admin at $42,406. Half of New Energy Equity salaries are above $194,404.
56 employees at New Energy Equity rank their Compensation in the Top 5% of similar sized companies in the US (based on 172 ratings) while 56 employees at New Energy Equity rank their Perks And Benefits in the Top 5% of similar sized companies in the US (based on 59 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $87k | $87k | 1st Percentile |
20th Percentile $141k | $141k | 20th Percentile |
40th Percentile $193k | $193k | 40th Percentile |
60th Percentile $194k | $194k | 60th Percentile |
80th Percentile $211k | $211k | 80th Percentile |
100th Percentile $212k | $212k | 100th Percentile |
$64,108*
Average Compensation
$194,404*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
New Energy Equity Salaries by Department
Diversity & Inclusion at New Energy Equity
Diverse employees at New Energy Equity score the company 90/100 across various culture categories, placing New Energy Equity in the Top 10% of companies on Comparably with 51-200 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at New Energy Equity across various culture dimensions.
Our company culture has evolved beyond happy hours and holiday parties. We not only value diversity and inclusion but actively cultivate it through education, training, and best-practice hiring and retention policies. We have four DEIJ goals: 1. Increase diversity in our job candidacy pool; 2. Actively seek candidates who bring new experiences & backgrounds to our team, be they educational, racial, socioeconomic, or gender-based; 3. Develop policies that retain diverse employees; and 4. Build diversity in the solar industry. To reach these goals, we created a Diversity & Inclusion Committee, with employees from each department across the company.
Ranked Culture the Highest
Ranked Culture the Lowest
New Energy Equity Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
- Gym Membership / Reimbursement
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Performance Bonus
- Tuition Reimbursement
- Employee Stock Purchase Plan
Office Perks
- Free Food
- Company Social Outings
- Work From Home Policy
- Unique Office Space
New Energy Equity PTO
New Energy Equity's PTO and Vacation policy typically gives 20-30 days off a year with 0% of employees expected to be work free while out of office. Paid Time Off is New Energy Equity's most important benefit besides Healthcare when ranked by employees, with 50% of employees saying it is the most important benefit. New Energy Equity's benefits and PTO Package averages to represent a $500 -$1000 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
New Energy Equity Careers
New Energy Equity Jobs
No Recent Jobs found for New Energy Equity on Comparably
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Frequently Asked Questions regarding New Energy Equity
What is New Energy Equity address?
New Energy Equity location is at New Energy Equity, LLC 2530 Riva Road, Suite 200
Who is the CEO of New Energy Equity?
New Energy Equity CEO is Matt Hankey, their score by employees is 90
What is New Energy Equity eNPS?
The eNPS for New Energy Equity is 82
What is the salary for Business Development Manager in New Energy Equity?
Business Development Manager average salary in the US is 112k
What are the salaries in the Admin in New Energy Equity?
The average salaries for Admin in New Energy Equity is 42k
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