E Neighborhood Sun - The Startup That's Making Clean Energy Accessible To All

 

Q: What is the main benefit that your company provides to the clean energy world?
A: We open the door to solar power for the 80% of the market that can’t get rooftop solar. Even more importantly, we enable low and moderate income residents to join the solar revolution by participating in a community solar project.

Q: Did you hit any roadblocks that almost caused you to throw in the towel?
A: The biggest roadblock we’ve faced is raising sufficient funds to execute on our plan. We’ve had success in bringing in new investment, but are looking to take it to the next level so we have the ability to grow the company rapidly.

Q: What is the installation process for Neighborhood Sun?
A: There is no installation. A customer instead subscribes to a share of the output of one of our solar farms. Every month when that solar farm produces power, the customer gets credits on their electric bill just as if they had a rooftop system but it’s all virtual.

 


Q: Is Neighborhood Sun similar to rooftop solar?
A:
It’s only similar in the sense that it’s clean energy and saves money. Rooftop solar requires an upfront payment, panels installation, and a good quality roof. With community solar through Neighborhood Sun there’s no installation, no upfront payment, and anybody who has an electric bill can enroll.

Q: Which utilities do you work with that help support the community solar program?
A:
In Maryland, the utilities are BGE and Pepco, which are owned by Exelon (EXC), as well as Potomac Edison, which is owned by First Energy (FE). In New Jersey, it’s PSEG (PEG).

Q: How has creating Neighborhood Sun changed your life?
A: Creating Neighborhood Sun has brought me a lot closer to the issue of social and environmental justice than I had previously been. I’ve been a clean energy leader for two decades, but am just now finally working mainly on helping disadvantaged communities get local clean energy plants and financial savings.

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Disclosure: Startup Watch is a platform TalkMarkets provides for startup company executives to discuss their companies in depth. TalkMarkets provides a suggested list of questions but the format ...

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William K. 2 months ago Member's comment

Very interesting indeed. And very educational as well. This company does not produce, it markets, and in a different kind of way. Selling a product made by others. Not producing the product at all.

Ayelet Wolf 2 months ago Member's comment

Gary Skulnik, I love this idea. I've always wanted solar energy, but it was never an option as I'm a renter. Really brilliant.