The development of clean, renewable energy is recognized as a key tool in combating global warming and energy-driven instability around the world. The question many people ask, however, is whether solar power and other renewables can deliver as hoped. PosiGen CEO, Thomas Neyhart, in talking about how his company operates, offers a sneak peek into how the industry works and potential savings for customers.
When installing solar panels, the incentive is often simply the prospect of having your new solar panels cover a portion of your energy expenses. Some people jump at the opportunity of installing solar panels when redoing their roof – getting two jobs done at once.
However, PosiGen and many other solar providers aim to deliver more than simple savings or a professionally outfitted roof. For a solar system to deliver real savings to customers, every step of the installation process must be designed, tried, tested, and improved based on the specific needs and the particulars of the customer’s home.
Many providers consider the client’s credit history, income, and employment status when determining whether they qualify for an installation. PosiGen, however, only looks at whether you can save money not just one day but right out of the gate when assessing new clients and their homes for an installation. As Per PosiGen CEO Tom Neyhart, “We don’t have to make every dollar, but we do have to save our customers every dollar.”
In addition to a dramatically different approach to approving customers’ PosiGen also approaches team-building a little differently from many other players in the market. Roughly 2/3rds of PosiGen’s employees are women and people of color, and the company prides itself on working hand in hand with the communities it serves.
It also says that it provides considerable opportunities for employment, growth, stability, and savings to its workers, their families, and local businesses. This approach falls in line with the company’s goal of providing efficient solar savings to households in targeted locales so that its customers are empowered with dollars in their pocket to spend in their community.
A key component of the PosiGen strategy – one that sets it apart from similar companies in the market – is a unique value proposition that allows users to reap the full benefits of solar power with almost no upfront costs. According to the PosiGen CEO, the leasing agreement for a client’s solar solution, once they pass a basic feasibility study, offers users the following:
A key difference between homes without on-site solar power generation and homes equipped with solar power generating panels is the ability of the latter to benefit from net metering. With net metering, homeowners can enjoy two-directional measurement of not just how much energy the home consumes from the grid (which determines their energy bill) but how much excess energy they provide to the grid as well via their home’s panels.
Kilowatt meters are used to measure energy consumption. A customer’s energy company measures how many kilowatts they use per billing period and then applies the price per kilowatt plus any service charges or taxes to arrive at a final figure for their bill. PosiGen, however, installs a two-directional net meter that ensures their clients are compensated for the excess energy they produce but do not use and sell back to the grid.
Here is how PosiGen’s net-metering solution works:
Although a solar revolution is sweeping the US, it is important to note that investing in a state-of-the-art, next-generation solar solution would not make sense unless every possible efficiency gain is availed. This is why lifetime warranties plus maintenance and upgrades are so important.
According to PosiGen CEO Thomas Neyhart, PosiGen performs a multipoint inspection for every customer in which the company identifies key points of energy loss, as well as air leaks and other opportunities for energy savings for the customer.
Leaks can unnecessarily increase the cost of heating or cooling a home and a failure to fix other heating, cooling, ventilation, and power usage issues can lead not only to higher bills but an unhealthy home environment.
The PosiGen CEO states that the company provides an energy audit for every customer that includes assessments of:
When done right, the benefits of such an audit can be multifold. Consider the following:
While PosiGen is still small compared to many other brand-name solar providers, its approach to screening clients and delivering savings has enjoyed considerable success in many local markets. Redesigned leasing structures and client-focused services in the solar space hold a great deal of promise, and the PosiGen story is an interesting and ongoing experiment in delivering solar solutions across the country.
If you are interested in even more technology-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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