Greentech Lead America: SolarCity, a provider of clean
energy services, has introduced a home energy loan for energy efficiency
upgrades to American homeowners.
SolarCity claims that the typical U.S. family spends
about $1,900 a year on home utility bills. SolarCity estimates homeowners lose
approximately $40 of every $100 spent on air heating and cooling to duct and
air leakage alone.
SolarCity’s energy efficiency financing option can reduce
the upfront cost of energy efficiency upgrades. SolarCity’s energy efficiency
services include on-site home energy evaluation to diagnose the cause of high
utility bills and energy loss. It also includes a range of upgrades that lower
energy costs and improve indoor air quality and comfort.
“SolarCity manages customers’ energy needs with better,
cleaner alternatives that lower costs and improve health and comfort. By making
energy-saving measures more accessible and affordable, we’re doing for energy
efficiency what we’ve done for solar power,” said Lyndon Rive, CEO of
SolarCity has more than 5,000 energy efficiency projects
(out of more than 33,000 energy projects overall) completed or underway in
Arizona, California, Colorado, Oregon and Texas.
SolarCity said the company is extending its energy
efficiency service offering to its east coast service areas in Connecticut,
Maryland, Massachusetts, New Jersey, New York and Washington, D.C.
SolarCity also supports a range of local energy
efficiency loan programs — such as New Jersey’s Clean Energy Program — to
customize the best energy efficiency option for customers and help them take
advantage of available rebates based on their location.
SolarCity said it offers homeowners a customized
evaluation to identify specific inefficiencies in the home. SolarCity’s
software performs billions of calculations during each evaluation to produce a
simple, comprehensive report that provides an overview of the opportunities to
improve efficiency across nine categories, including air infiltration,
insulation, heating and cooling and duct leakage.