Cook bacon, and drain on paper towels. Break bacon into small pieces and set aside.
Combine shredded potatoes and Parmesan. Season with salt & pepper
Spray muffin tin with cooking spray. Add potato mixture to each cup, pressing firmly so mixture creates a nest. Make sure that some mixture spills over the top
Bake potato mixture in 425-degree oven for 15 minutes, or until edges are golden brown. Remove from oven and let cool for 5 minutes
Crack eggs into each nest, being careful to not break the yolk. Season with salt & pepper, to taste. Top with bacon, red bell pepper, and parsley
Return muffin pan to oven, and bake in 350-degree oven for about 10 minutes, until eggs are set. You may need to adjust baking time, for more soft or firm egg yolks
When cool enough to handle, carefully remove egg nests. Use a flexible spatula to help, so they come out in one piece
Serve and enjoy!