The solar sharing company Yeloha is expanding its service area to New York, building on the momentum it already has in facilitating sharing in multiple states.
“New York City thrives on shared resources. We already share apartments, cars and bikes. New Yorkers can now add solar panels to that list. With Yeloha the sun is just a click away,” explained Yeloha CEO and co-founder Amit Rosner.
If you want to get some solar power through Yeloha, you could sign up through the company website. It is not necessary to change energy providers either — New Yorkers can sign up at this Web page.
NYC has about 1.5 million apartments, so there are plenty of potential customers for a solar sharing program. Yeloha is based in Boston, which may only have about 88,000 apartments, so expanding into a much larger market certainly seems sensible.
In the solar sharing model, the host pays nothing and gets a portion of each solar panel’s output. In one case, the host allowed access to his home’s rooftop and had panels installed. He said he might save about $500 a year on his utility bill due to the electricity he receives from the panels. It also doesn’t matter what the homeowner’s credit score is, because she or he does not pay anything to Yeloha.
The partner pays a fee for each solar panel that is installed, and receives enough electricity to reduce her or his electric bill by about 5% to 10%. Yeloha installs and maintains the solar power system, so neither the partner nor the host have to do any work.
The partner could be someone who rents a place but wants to use some clean, renewable solar electricity each month –instead of whatever the utility provides, which might be electricity produced by coal, nuclear power, or natural gas.
Yeloha’s sharing model seems to fit the definition of disruptive, which some may believe is about big breakthroughs, but is actually much more related to making a product or service simpler and easier to use, more accessible, and/or more affordable.
Image Credit: Yeloha
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