The business model of PosiGen is based on four key principles. It was founded in 2005 with the vision of making solar energy accessible to all. The company believes that low-income homeowners are not credit risk and can benefit from low-cost energy solutions. Moreover, PosiGen provides job opportunities to residents and the company believes in bringing clean energy to every neighborhood in America. Ultimately, PosiGen is a win-win situation for homeowners and investors. To determine the level of energy efficiency in a home, Posigen performs a blower-door test on the house.
Then, they perform 20 energy efficiency upgrades, from adding insulation to replacing incandescent light bulbs. The objective is to save 40 to 80% more energy than a regular solar installation. They also identify the most effective upgrades that customers can make to reduce electricity bills. However, customers must be aware of the downsides of these improvements, because some of them may not be cost-effective. PosiGen makes solar installation easy by installing two-directional kilowatt meters to determine how much energy is generated. This way, the solar power generated is met by the household’s demand.
Any excess power can be delivered to the grid to earn credits. Then, customers can use the credits as free electricity. The company also conducts extensive inspections to determine the best location for the installation, and to identify critical energy loss points and air leaks in the house. These leaks can increase cooling and heating costs. A major advantage of PosiGen’s business model is that it can be implemented without a credit check. As a result, PosiGen has signed agreements with more than 15,000 homeowners across the U.S. to help them make solar energy more affordable. As a result, its customers can save on utility bills. Further, the company is committed to helping low-income families and communities affordably. The Connecticut Green Bank has approved the PosiGen Solar Program in its state.
Since its founding in 2005, PosiGen has been expanding to five states. It has more than one thousand employees and offers different payment plans. Most employees are women and have a college degree. As a result, a high percentage of the company’s workforce is of diverse backgrounds. They are more likely to hire people from underrepresented groups in their communities. This can help them access a variety of benefits. They offer flexible payment options for their customers. A major advantage of PosiGen is its customer service. Its warranty is very comprehensive and guarantees a certain percentage of energy savings for 10 years. As a result, the company is more attractive to homeowners in low-income areas. Furthermore, it offers a wide range of payment options, including leases and purchase plans. While the company’s reputation is largely positive, there are a few negative reviews online.