{"id":1397,"date":"2016-11-04T00:59:29","date_gmt":"2016-11-04T00:59:29","guid":{"rendered":"http:\/\/www.rsoftsolution.com\/blog\/arcadia-power-launches-a-solar-energy-service-for-renters-across-the-u-s.html"},"modified":"2016-11-04T00:59:29","modified_gmt":"2016-11-04T00:59:29","slug":"arcadia-power-launches-a-solar-energy-service-for-renters-across-the-u-s","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/arcadia-power-launches-a-solar-energy-service-for-renters-across-the-u-s.html","title":{"rendered":"Arcadia Power launches a solar energy service for renters across the U.S."},"content":{"rendered":"


\n<\/p>\n

The renewable energy services company Arcadia Power <\/a>has just launched a new product that allows renters across the U.S. to buy renewable energy.<\/p>\n

It\u2019s a significant step forward for the renewable energy project developer and operator, which had previously integrated with utilities as an offset provider and load management company. And it\u2019s potentially a game changer for the renewable energy movement.<\/p>\n

I\u2019m going to unpack that a bit because it gets a mite confusing. Before this announcement, Arcadia was offering services that would offset customers\u2019 energy use with an equal investment in a renewable energy project (typically a wind\u00a0farm).<\/p>\n

Now, because of the company\u2019s partnerships with utilities and status as a project developer, it has amassed a small group of projects through which it\u2019s offering renewable energy investment to folks across the country who would want to install solar, but can\u2019t.<\/p>\n

Arcadia\u2019s logic is simple. There are a number of renters or non-homeowners who would like to be able to invest in sustainable energy, but don\u2019t have the means.<\/p>\n

\"Solar<\/p>\n

\u201cThat\u2019s one of the most important parts of what we\u2019re doing,\u201d said Kiran Bhatraju, the chief executive of Arcadia Power. \u201cThe vast majority of Americans can\u2019t do rooftop solar. There\u2019s only about 8% of Americans that can.\u201d<\/p>\n

Those people are barred from such direct investments in a solar project because they live in multi-tenant houses, and can\u2019t just throw up a solar panel anywhere they want.<\/p>\n

Using Arcadia, these environmentally minded consumers\u00a0can invest in projects across the United States and reap the benefits of that energy generation as if it were coming from their own home.<\/p>\n

\u201cWe built technology over the last few years that allows us to push bill credits onto their utility bills,\u201d said Bhatraju. \u201cWe can remotely connect you to a distributed generation asset. As that solar produces electricity we take the billed credits locally and that\u2019s distributed onto the bill.\u201d<\/p>\n

Arcadia\u2019s current projects aren\u2019t huge, but they do prove that commercial customers and governments are buying into their thesis \u2014 if you offer renewable energy generation to renters \u2014 they will come.<\/p>\n

\"Power<\/p>\n

The company posits\u00a0that while there\u2019s a will for renewable generation, consumers still don\u2019t have a way that\u2019s convenient enough for them to make the switch to solar power. Arcadia\u2019s offering changes that.<\/p>\n

So far, the Arcadia Power has projects in Washington, DC, Massachusetts and California. \u201cWe source the project and we work with the customers to get the buy-in into the program.\u201d<\/p>\n

For Bhatraju, the new offering is just the next step along the path that the company charted back in May when it raised $3.5 million from BoxGroup<\/a> and Wonder Ventures<\/a>.<\/p>\n

When the financing was announced in August, Arcadia had 10,000 customers on its premium offer, matching customer usage with renewable energy at 1.5 cents per kilowatt-hour. The company also launched a free 50 percent wind option to people who wanted to split their bill between traditional utility power generation (typically coal and natural gas) and wind power.<\/p>\n

The next product in the company\u2019s pipeline is on-bill financing for energy-efficient products like smart thermostats and LED lighting, which Arcadia says can save customers between 10 percent and 30 percent of their annual energy costs.<\/p>\n

Today, the company is rolling out its\u00a0service with about 250 kilowatts worth of projects (enough energy to power roughly 41 homes, according to estimates by the Solar Energy Industries Association). According to Bhatraju, there\u2019s another 2.5 megawatts of power in the pipeline.<\/p>\n

<\/p>\n

Article source: https:\/\/techcrunch.com\/2016\/11\/03\/arcadia-power-launches-a-solar-energy-service-for-renters-across-the-u-s\/?ncid=rss<\/p>","protected":false},"excerpt":{"rendered":"

The renewable energy services company Arcadia Power has just launched a new product that allows renters across the U.S. to buy renewable energy. It\u2019s a significant step forward for the <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[23],"class_list":["post-1397","post","type-post","status-publish","format-standard","hentry","category-networking-and-communication","tag-network-and-communication"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t