Neighborhood Sun offers a community solar subscription service that allows customers to access locally generated clean energy without the need for solar panel installation or upfront costs. Subscribers benefit from guaranteed savings of 5% to 30% on their monthly electric bills while supporting renewable energy initiatives in their communities.
Funding
$7M 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 individuals and businesses are unable to install rooftop solar panels due to financial constraints, housing restrictions (e.g., renting or apartment living), or unsuitable roof conditions. This limits their access to clean, renewable energy and potential cost savings.
Solution
Neighborhood Sun provides a community solar subscription service that allows customers to access locally generated solar energy without needing to install panels on their property. By subscribing to a share of a local solar farm, customers receive credits on their electricity bill, resulting in savings of 5% to 30% each month. This model broadens access to renewable energy, supports local green jobs, and contributes to a cleaner energy grid by diverting reliance on fossil fuels. Neighborhood Sun also advocates for equitable energy policies and provides financial support to low-income households through programs like S.H.A.R.E. and the Neighbor Benefit Fund.
Target Audience
The primary target audience includes residential and commercial electricity consumers who want to support renewable energy and save money on their utility bills, particularly those unable to install rooftop solar panels.
Features
- Community solar subscriptions without upfront costs or installation
- Savings of 5-30% on monthly electricity bills through clean energy credits
- Support for local solar farms and green job creation
- Access to renewable energy for renters, homeowners, and businesses
- S.H.A.R.E. program providing discounts and support for low-income households
- SunEngineTM software for managing subscriptions and optimizing user experience
- Projects repurpose unusable land like landfills and rooftops