Published on June 19th, 2012 | by Joshua S Hill6
EnergySage Awarded $500,000 SunShot Grant
June 19th, 2012 by Joshua S Hill
Renewable energy consulting firm EnergySage announced last week that they had been awarded $500,000 from the Department of Energy as part of the SunShot Incubator investment scheme. EnergySage hopes to use the investment to develop and implement a web-based solar photovoltaic comparison-shopping platform.
The platform will aim to provide pricing transparency and facilitate open market interactions between property owners and solar PV installers.
“EnergySage is thrilled to receive this SunShot award,” said Vikram Aggarwal, CEO of EnergySage. “By making it easier for consumers to navigate the solar PV system purchase process, we are lowering customer acquisition costs, lowering prices, helping installers improve profitability, and ultimately, expanding the market exponentially.”
The comparison-shopping product allows commercial and residential property owners to solicit multiple price quotes from an extensive list of pre-screened, high-quality solar PV installers. Quotes are then displayed in a standardized format that allows consumers to easily evaluate and compare quotes to select the best option. This helps consumers get the best price for solar PV systems from the best installers, while saving significant time and effort through automation. The comparison-shopping product will be fully integrated into EnergySage.com’s existing suite of free educational and analytical tools and its interactive peer-to-peer community, simplifying and expediting the clean energy system purchase process. The resulting EnergySage platform will be a one-stop-shop for consumers to gain the knowledge and confidence they need to execute a purchase.
“We believe that evaluating and investing in a solar PV system should be as easy as buying any other home appliance,” said Aggarwal. “We expect the EnergySage platform will do for the solar PV market what LendingTree has done for the mortgage market.”
This platform, if it works as reported, could provide solar with the next big step it needs for proliferation in the US. Combined with some of the other big SunShot Initiative awards, such as a similar award for Clean Power Finance, the US may one day take the lead in solar power again.