Arcadia Power announced that it will offer a “Solar Savings Subscription” service, a first of its kind, nationwide community solar platform. The service allows customers throughout the country to subscribe to specific community solar projects online.
Customers will pay an upfront subscription fee every month and can purchase the power from as little as one solar panel or as many as they choose to partially or fully offset their electric expenses. Already participating solar installations are currently online in California, Massachusetts and Washington D.C.
“We’re making solar savings inclusive rather than exclusive. Our product cuts through many of the barriers that have held solar power back for so many years. It’s modern, portable, reduces long-term energy costs, and is available to anyone that pays a power bill,” said Kiran Bhatraju, Founder and CEO of Arcadia Power.
Currently, less than 1 percent of households in the US take advantage of the benefits of rooftop solar power on their homes because of obstacles including homeownership, state regulations, upfront costs and long-term investment returns. Arcadia’s new service reduces those barriers, offering customers solar energy options through sophisticated software that integrates with more than 100 utility billing systems nationwide.
Under the offering, subscribers will receive energy credits on their utility bills for the solar power their panels produce. After which the kilowatt hours are sold to a host utility or into their local power market. Arcadia’s program also allows customers to move the service to a bill at a different location in the event that the customer moves. Additionally, customers are able to track their solar energy production data and savings in real time.
According to a report published by the National Renewable Energy Laboratory (NREL) community solar and other shared solar resources could make up close to half of all distributed solar resources in the US by 2020. The expansion of the solar industry across the US has been mercurial in recent years. Now, community solar providers are beginning to ride that wave, giving utility customers more flexibility in terms of how much solar power they want to buy and whether or not they want to have it installed on their homes. Arcadia’s novel approach to expanding community solar services nationally is showing another innovative way to offer customers more flexibility.
For instance, energy community choice aggregator MCE recently announced the first phase construction of a 120-megawatt community solar farm called Little Bear Solar Project in Fresno, CA. Under a power purchase agreement with First Solar, MCE will provide participating customers the choice of solar, wind or a combination to offset future energy costs on utility bills through community-based renewable energy projects.Tweet