Home Credit score How Arcadia is using technology to connect Marylanders to saving energy

How Arcadia is using technology to connect Marylanders to saving energy

0
Have you ever wondered what you can do with your financial data?

You can connect it to other apps to do all sorts of useful things, from investing to transferring money to friends to budgeting and more. Once you’ve connected your credit reports to a personal finance app, for example, the app can provide suggestions on how to pay off debt, improve your credit, and even new credit cards or loans that you might consider given your credit history.

All of these financial apps work because you can share your financial data with them. This information does not only belong to your bank; you can choose to share it with these third-party apps to make your data work better for you.

If there are apps to help you do more with your financial data, shouldn’t there also be options to help you do more with your energy data?

You would think so. Unfortunately, the digital revolution has more or less ignored the energy industry. Our energy system is still quite archaic. It’s hard to access your energy usage data and share it with third-party companies that could help you do more, like connect to clean energy sources or save money on your bills of electricity.

Arcadia uses technology to break the fossil fuel monopoly

Arcadia is on a mission to change that. Its technology platform makes it easy to connect your existing utility account to local solar farms under a program called community solar. You won’t need to install solar panels whether you rent or own your home, and you don’t need to pay extra for renewable energy.

Solar farms are built on unused land, or in people’s gardens, or on community buildings. Because the panels are housed elsewhere, anyone can join a community solar farm, whether you rent or own or live in a house, apartment or condo.

Also, nothing changes about how you get your energy. Your same utility company delivers it as usual and you remain a customer of your utility, so you never have to worry about service interruptions.

Aerial view of a solar farm. (Courtesy picture)

When you join a community solar farm, you subscribe to a portion of the total energy produced by the farm. Your serving is based on the amount of energy you use in a typical month. The clean solar energy from the solar panels flows directly into the local power supply for homes and businesses. As your solar farm produces electricity, you earn credits on your monthly utility bill. You could even save up to 5% off your bill each month (or more, for eligible low-to-moderate income customers).

Community solar power expands access to clean energy

Seventy percent of Americans want cleaner energy, but a much smaller and more privileged percentage actually have a roof that can hold solar panels. This is why community solar power is so important to advancing our clean energy and social equity goals. It allows solar projects to be built in more places than customers’ rooftops, while providing cheaper, cleaner energy to anyone paying an electricity bill.

For the two-thirds of families who don’t own a home, don’t have great credit, or have a roof that’s just facing the wrong direction for rooftop solar panels, community solar power is a way to continue enjoying the benefits of solar energy without a construction project on their roof.

Our CEO, Kiran Bhatrajulikes to say that community solar is the best energy product for customers today because it offers guaranteed, risk-free savings from local, resilient, and clean energy sources.

Try our simple signup to see for yourself how much we’ve made it easy for Marylanders to connect to local solar farms and save on your electric bills. We’ll give you an extra $20 on your electric bill when you sign up.

Now your energy data can work better for you and for the planet.

Subscribe to a local solar farm -30-