Reflecting on the last few decades, it’s clear that economic peaks and troughs are inevitable – yet solar solutions for buildings have continued to thrive. I joined the solar industry in 2008 at the height of the global financial crisis. During the next few years of recession, the U.S. witnessed one of the largest expansions of solar. Reducing energy operating costs through off-balance-sheet solar financing became a no-brainer.
Fast-forward to 2023, we have a different world with higher interest rates and a commercial real estate sector battered by COVID. Yet with electric vehicle sales growing at a record pace and with offices, malls and hotels rapidly expanding charging options, onsite solar becomes the obvious answer to cover the higher electric bills (and the rising electric utility rates).
Moreover effective in 2023, California code has made it mandatory for new commercial buildings to have onsite solar. And the latest IRA (Aug 22) expands incentives to adopt solar and storage, plus many states and cities have additional incentives on top.
So what’s stopping us?
Consumers and businesses have often held back from taking the next step with solar for a number of reasons. We hear that solar is ‘too expensive’, hard to deploy and the return on investment is unclear, despite more affordable solutions available now. Uncertainty on financial and operational outcomes, as well as longer term policy shifts, leads to longer decision-making cycles.
That’s why our mission at Enact is to accelerate the use of clean energy by transforming the customer’s purchase and ownership experience. By making each step of your solar energy journey easy, transparent and cost effective, we eliminate the common concerns that prevent people and businesses from securing a sustainable and profitable future.
So what does this mean for our consumers?
1. Designing the very best solution
Using our satellite-imagery powered solar software, as well as data analytics, our experienced energy advisors will identify the best option for any building. This means the solar system is optimized for your individual needs, including energy use and electricity rates, as well as accessories like energy storage and EV charging. This means that you can be confident you’re making the best investment possible.
2. A marketplace of hundreds of OEMs and financing options
Choosing the right solution can be overwhelming. That’s why we offer a marketplace of equipment and solar financing options. We also work with trusted installation partners, who have used Enact for many years on their projects. From here, you can evaluate and select the best option to meet your individual needs.
3. Data, tools and support to maximize your return on investment
From installation to maintenance, our platform enables you to track, manage and optimize your entire ownership journey. By connecting all of your solar data Enact tracks financial performance daily, generates insights on how to use energy and predicts failures ahead of time. This gives complete transparency on the amount of money saved and whether you’re getting the best return on your investment. We also offer data-based analytics and guidance on wider energy saving opportunities beyond solar, in addition to live notifications when your system needs maintenance.
The ultimate goal is to build trust by leveraging an independent platform, plus data and expertise that enables an affordable and accessible solar energy system for any individual or business.
Contact us today to find out more about how Enact can help secure a sustainable, profitable solar future for your home of business.