Solstice offers a subscription‑based community solar platform that lets renters, homeowners, and businesses reserve a portion of a utility‑scale solar farm and receive discounted energy credits applied to their electric bills. The service uses an automated matching engine, cloud‑based credit ledger, and API integrations with utility billing systems to provide real‑time savings, generation data, and sustainability reporting without requiring on‑site installations.
Funding
Funding not disclosed
Founders
Product
Problem
Many households, renters, and businesses cannot adopt solar power because rooftop installations require capital investment, property ownership, and complex permitting, leaving them without access to clean‑energy cost savings.
Solution
Solstice operates a subscription‑based community solar platform that lets customers reserve a defined portion of a nearby utility‑scale solar farm. The allocated share generates solar production credits that are applied to the subscriber’s electric bill at a discounted rate, guaranteeing monthly savings without any change to the existing utility provider. An automated matching engine assigns each subscriber to the most suitable project based on location, consumption profile, and eligibility criteria. Credits are tracked in a cloud‑hosted ledger and delivered through secure API integrations with utility billing systems, ensuring accurate, real‑time reconciliation. The service is delivered via a self‑service web portal that supports instant enrollment, account management, and transparent reporting of energy generation and savings. By abstracting the physical infrastructure, Solstice enables renters and non‑owner occupants to participate in renewable energy markets while meeting corporate sustainability goals.
Target Audience
Primary customers are residential renters, homeowners, and small‑to‑mid‑size businesses seeking reliable electricity cost reductions without installing on‑site solar equipment. The platform also serves utility developers and asset owners who require subscriber management and REC tracking capabilities.
Features
- Online enrollment workflow with eligibility verification and automated project assignment
- Proprietary allocation algorithm that matches subscriber usage to solar farm capacity in real time
- Cloud‑based credit accounting system that issues discounted energy credits and integrates via RESTful APIs with utility billing platforms
- Customer dashboard displaying live production data, monthly savings, and CO₂ avoidance metrics
- Secure data handling with end‑to‑end encryption and role‑based access controls compliant with utility data standards
- Support for commercial accounts, including aggregated billing, demand‑response reporting, and sustainability reporting tools
- Developer portal offering API keys, webhook notifications, and documentation for third‑party integration