Energy311 provides a billing platform that allows property owners to sell onsite generated solar electricity to tenants at local utility rates, transforming idle roof space into a profitable energy marketplace. This solution addresses the challenge of non-owner-occupied commercial buildings, enabling property owners to generate significant revenue while offering tenants discounted power.
Funding
$30K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many commercial property owners struggle to monetize on-site solar energy generation, particularly in tenant-occupied buildings where billing complexities and split incentives hinder direct energy sales. Traditional power purchase agreements (PPAs) often provide limited returns compared to the potential revenue from direct tenant billing at prevailing utility rates.
Solution
Energy311 offers a billing platform that enables property owners to sell on-site generated solar electricity directly to tenants, creating a profitable energy marketplace. The platform measures tenant energy usage and generates customized bills that mirror local utility rate structures, including time-of-use charges and applicable taxes. By selling electricity at utility rates rather than fixed PPA rates, property owners can significantly increase revenue from their solar investments. The platform handles all billing and collection details, ensuring a frictionless process for both property owners and tenants.
Target Audience
The primary target audience includes owners of tenant-occupied commercial properties such as shopping malls, cold storage facilities, manufacturing plants, hospitals, grow farms, and multi-family buildings.
Features
- Automated energy usage measurement using existing metering infrastructure
- Custom bill generation with property owner branding and local utility rate schedules
- Integration of time-of-use (TOU) charges and applicable taxes into tenant bills
- Automated billing and collection processes
- AB802 energy reporting compliance
- Profit calculator for estimating potential revenue based on building type and energy usage