We’re coming at you no-longer-quite-live at New York’s very own Wall Street Green Trading Summit.
The summit is over for today, but I wanted to throw some concluding thoughts out after an afternoon spent discussing good business models for producing alternative energy and for overhauling our current electrical grid.
Two presentations stuck out to me from the afternoon, Tioga Energy and Acorn (no, not that ACORN) Energy. Without turning this into too much of a publicity-fest for either company, here’s what they were about.
Solar Panels for All
Tioga has gotten pretty good at a business model that I’ve actually heard about in a few different places: effectively, they lease people’s roof space and put solar panels up on homes and businesses. Then, they sell the energy to the people in the home at a fixed rate (below market value for the customer) that goes up slowly over a 20 year period. There are options for the owner of the property to purchase the solar panels if they would like to down the line, but until they do Tioga maintains everything for them. This means that the company soaks the initial start-up costs for people: often that prohibitive thing reinventing a small business or a home-owner from taking a plunge.
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