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Investor Brief · Confidential

Empower Toolbox

An AI-assisted field platform for HVAC replacement & electrification sales — built to find, quote, and close the conversions other contractors miss, honestly. Working name "Field Engineer"; productized as Empower Toolbox.

Empower Service · Front Range, Colorado · Quality Without an Upsell

01The opportunity in one line

Residential electrification is the largest forced wave of HVAC replacement in a generation, and the contractor who can identify the right home, prove the savings with the homeowner's own data, and stack every available incentive wins the job. Empower Toolbox does exactly that — in the driveway, in minutes.

~25M
U.S. homes on electric-resistance heat (1:1) — the core conversion pool
32.25M
U.S. all-electric homes (26% of all homes)
~15M
U.S. homes with no air conditioning
26.3%
Colorado homes heated by electricity
The wedge isn't "another quoting app." It's turning a confusing, distrusted purchase into a transparent, data-backed decision — aimed at the homes with the most to gain, where incentives can cover a large share of the project and a heat pump often adds cooling the home never had.

02Unique opportunities

Five advantages that are hard to copy and compound on each other.

Opportunity 01 · Market

The all-electric & resistance-heat conversion market

By 2024, electricity had become the primary heating fuel in 42% of U.S. households (up from prior decades), and new construction crossed over in 2023 with 52% of new homes built electric-heated — the first year electricity passed gas. But much of that installed base is inefficient: roughly 25 million U.S. homes still run electric-resistance / baseboard heat at ~1:1 efficiency, versus only ~17 million on heat pumps. A modern cold-climate heat pump runs 3:1+, so these owners overpay for heat every winter — the highest-savings, highest-rebate conversions in the market. A large share are the all-electric homes built during the 1970s oil-embargo era.

Empower Toolbox is purpose-built for them: it recommends ductless mini-split / multi-zone systems (line sets, no ductwork or drywall) and it knows the field reality that breaks generic tools — gas on the utility map ≠ gas at the home. Electric-only bills automatically flag a likely no-gas home, which corrects both the recommendation and the incentive math instead of quoting a rebate the home can't claim.

Sources: U.S. Census Bureau ACS 2024 (via EIA, Oct 2025); EIA RECS 2020; Census new-construction 2023.
Opportunity 02 · Cooling

Homes with no AC — or only a swamp cooler — sell cooling they've never had

About 12% of U.S. homes (~15 million) have no air conditioning at all, and the West has the lowest AC penetration of any region (73%). Critically, the homes Empower targets overlap precisely with this gap: all-electric and baseboard homes frequently have no central AC, and in arid Colorado many cool with an evaporative ("swamp") cooler — about half of swamp-cooler homes have no traditional AC at all.

That turns a heat-pump conversion into a double upgrade: it cuts the winter heating bill and adds whole-home air conditioning the household never had. The survey captures existing cooling (none / swamp cooler / window units / central), and when there's no real AC the proposal leads with the added-comfort story on top of the savings — a value proposition a like-for-like furnace replacement simply can't offer.

Sources: EIA RECS 2020 (88% AC nationally; West region 73%; evaporative coolers ~2% of homes, ~half without AC).
Opportunity 03 · Incentives

The incentive engine as a closing tool

Rebates are computed on actual system tonnage across every level of government, then verified by a live AI lookup for the exact address. In Colorado that stack is large:

$2,250
Xcel cold-climate HP, per heating ton
$8,000
HEAR income-qualified (no gas needed)
$7,500
Mountain Energy, per ton (high-altitude)
$1,000
CO state heat-pump tax credit

On a typical job these can cover a large share of project cost — turning sticker shock into "here's your price after incentives." Accuracy is the moat: the tool distinguishes cold-climate vs. standard heat pumps (very different per-ton rebates) and gates the gas-service-dependent programs, so the number on the signed proposal holds up. Every figure is labeled an estimate and linked to its source.

Opportunity 04 · Data & trust

AI bill ingestion & the energy-story visualization

The tool reads the homeowner's actual electric and gas bills — from two separate utilities — and pulls usage, the real $/kWh and $/therm, peak demand, and monthly temperatures (including full 12-month history). The estimate then runs on the customer's own rates, not regional averages.

Planned next: consolidate that data into a single customer-facing chart — annual usage and cost vs. temperature, with the projected post-heat-pump curve and before/after spend. It makes the savings visible instead of asserted — a transparent artifact in the proposal — and it is most powerful exactly where the market is richest: all-electric homes, where clean single-utility data shows a dramatic winter spike that sells the conversion on its own.

Opportunity 05 · Scale

White-label resale — one product, many contractors

Every piece of brand identity lives in a single configuration value, so rebranding the entire suite for another contractor is a one-line change. Empower runs the tool for its own crews and can license it to others as SaaS. The suite is structured as a "crew of roles" — Evaluator (sales), Sidekick (repair), Bookkeeper (pricing), Quartermaster (inventory), Concierge (customer), Foreman (install) — each a module and a potential revenue line.

03Colorado & the national picture

The home market is concentrated where Empower already operates, and the same pattern repeats nationally.

MetricColoradoUnited States
Primary heat = electricity26.3% of homes (2022)42% of households (2024)
Primary heat = utility gas65.5% of homes47% of households
Electric-resistance / baseboard (prime conversions)Large share of the ~26% electric-heated~25 million homes
All-electric homesCommon; high electric-cooking baseline (61%)32.25 million (26%)
Air conditioning penetrationBelow the national rate — dry climate, swamp coolers common88% (West region 73%)
No traditional ACElevated — many cool with evaporative only~12% (~15M homes)

Colorado: U.S. Census Bureau ACS 2022 (heating fuel); EIA RECS 2020 (cooking, AC, all-electric). U.S.: Census ACS 2024 via EIA; EIA RECS 2020. Colorado household counts and resistance-heat shares are approximate, derived from state percentages applied to ~2.3M occupied units; firm before external circulation.

04Illustrative unit economics

Directional, using current tool defaults and Colorado program figures — not a forecast.

LineFigureNote
Typical Front Range job (sell)$11,000–15,000Furnace+AC or heat-pump conversion, tool's working estimate
Estimated incentives, 3-ton cold-climate HP~$7,750~$2,250/heating ton Xcel + $1,000 CO credit; more with high-altitude / income-qualified programs
AI cost per visitcents–low single $A handful of stateless model/search calls (nameplate, bills, utilities, sizing, incentives)
Net to homeowner (headline)Materially reduced"After-incentive" price is the close; transparency is the brand
The shape: cents-to-dollars of AI cost against a five-figure job, with incentives covering a large share and a comfort upgrade (added cooling) the customer can feel. High contribution margin, a differentiated close, and a data asset that compounds.

05Product & status

CapabilityStatus
Guided survey → recommendation → savings → pricing → branded proposal/PDF (e-sign)Built
AI nameplate read + published-spec lookup (per equipment type)Built
AI bill ingestion — electric & gas, two utilities, real ratesBuilt
Tonnage-aware, multi-jurisdiction incentive engine + live lookupBuilt
AI sizing sanity check; equipment-type selection flowing to pricing & rebatesBuilt
White-label brand config + suite namingBuilt
All-electric / baseboard → ductless multi-zone path; capture cooling & sell added ACBuilt
AI multi-unit equipment identification (batch photos → auto-assembled systems)Built
Bill consolidation & energy-story chart (customer offering)Planned
Office backend (Calendar + QuickBooks), accounts/roles, central storePlanned
Repair Copilot (Sidekick), Pricing, Inventory, Customer app, InstallRoadmap

06Risk & de-risking

Empower Toolbox — Investor Brief. Market figures are drawn from EIA RECS 2020 and U.S. Census Bureau ACS (2022 Colorado; 2024 national); rebate amounts reflect Colorado programs as of mid-2026 and are illustrative. All customer-facing savings and incentive figures are labeled estimates verified at source. Status tags track the live build.