Vermont’s Green Mountain Power has partnered with Yeloha, a solar company that touts itself as a peer-to-peer solar sharing network. Under the agreement Yeloha and Green Mountain will offer Yeloha’s solar sharing services, which allows those with solar to provide their excess solar energy to other residential customers of the utility. It’s the first time a utility has partnered to offer Yeloha’s services.
“This is a unique opportunity to empower more people to be able to harness the power of the sun,” said Green Mountain CEO Mary Powell. “We see a tremendous opportunity in leveraging more rooftops around Vermont for the benefit of all those who may currently be renters, or own homes that are not well suited for solar. As Vermont’s energy company of the future, we are transforming the old grid system into one where power is generated and consumed closer to the home or community where it is needed. This partnership with Yeloha will help accelerate this revolution in distributed power,” added Powell.Yeloha has a unique take on distributed energy, somewhere between residential solar power and community solar gardens. Basically Yeloha’s customers finance solar panels on a host house or business for free. The system is installed by a Yehola partner and after it’s online the building owner receives some of the benefit of the solar power with the rest of the benefits of the solar power going to neighbors that sign up to help finance the system and receive part of the power generated by the system.
“We are pleased to join forces with Green Mountain Power, a forward-thinking energy provider, as our first utility partner,” said Amit Rosner, Co-Founder and CEO, Yeloha. “Working together, we have the unique opportunity to democratize access to clean energy; literally bringing power to the people, by the people,” added Rosner.
Under the partnership Green Mountain and Yeloha will pilot the offering in Rutland and Barre Vermont. “We are thrilled to have this new option for our residents who rent or live where solar isn’t possible,” said Barre Mayor Thom Lauzon. “Bringing the value and benefits of solar to more Vermonters is a great step forward and will help economically here and across the state,” he added.Tweet