June 27, 2015

How to go solar without owning a single panel

Eco Watch - Not everyone has the ability to harness the sun’s power, especially if you’re not a property owner, don’t have the proper rooftop or can’t afford the costly solar panel installation process. ...

Enter Yeloha, a new Boston-based solar startup that allows anyone to go solar. Yes, even if you live in a rented apartment, have a roof blocked by a particularly shady tree or don’t have the funds for panels.

Customers can sign up for the service as a “sun host” or a “sun partner.” Sun hosts are for homeowners who have a suitable roof for solar but can’t afford panels. Yeloha will install the panels for free in exchange for access to the solar power the panels create. Sun hosts will also get about a third of the electricity created by the panels, all for free. This translates to lower monthly power bills for the homeowner.

The remaining power goes to the sun partners, who are customers that want to go solar but don’t have a proper roof or don’t own their home. Sun partners can buy as many solar credits as they’d like from Yehola at a price that’s less than what they’d normally pay to their utility.

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