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Peer-to-peer solar startup

Airbnb is a platform that connects people who have extra space with people who need space. It’s a peer-to-peer hospitality company.

Yeloha, which is a startup I just discovered today, is a peer-to-peer solar company based out of Boston. 

In the same vein as Airbnb, it connect people who have extra roof space (that’s suitable for solar collection) with people who want to buy solar energy (but may not have a solar friendly roof).

Here’s an image from their website that explains how it works:

image

Basically, if you have a solar friendly roof, Yeloha will come and install solar panels on top of your place for free. You get to keep some of the energy that’s generated (about 1/3 apparently) which becomes a credit to your electricity bill. You are then known as a “Sun Host.”

The remaining energy gets fed back into the grid and, if you don’t have a solar friendly roof, you can purchase this excess energy, which also results in a credit to your electricity bill. The solar electricity is less expensive than the regular grid electricity. In this case, you are known as a “Sun Partner.”

I think this is a pretty neat idea. Neither party has to pay anything upfront. Both parties save money. And the result is more solar through a distributed and virtual net metering setup.

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