Firms can management the oil fields, coal mines, and nuclear reactors, however they can not management entry to photo voltaic power. Regardless of appreciable pushback from Massive Oil and lots of different firms in opposition to inexperienced, renewable power sources, photo voltaic power is right here to remain. PosiGen CEO Thomas Neyhart has made it his mission to ship power financial savings to communities all throughout the nation. Learn under to learn the way.
Renewable power choices equivalent to photo voltaic and photovoltaic power programs are usually accessible solely to the wealthy and prosperous. Solely those that can afford the appreciable set up and upkeep prices of most renewable energy-based programs can take pleasure in their long-term advantages. The fee-savings of energy-efficient houses are nicely established, however throughout the overwhelming majority of communities in the US, solely the rich have loved these financial savings. PosiGen CEO Thomas Neyhart is on a mission to democratize entry to scrub, inexperienced photo voltaic power for everybody. Within the course of, by making it simpler for marginalized communities to put money into and take part within the enterprise of power, Mr. Neyhart is reworking communities as nicely, one locality at a time.
How PosiGen CEO Thomas Neyhart Based the Firm
Hurricane Katrina was a big, Class-5 Atlantic hurricane that struck the south-eastern United States in 2005. It brought on roughly $125 billion of damages advert is tied with Hurricane Harvey as the most costly Atlantic hurricane of all time. Katrina was notably laborious on low-income communities residing all through New Orleans, 80% of which was flooded in the course of the storm.
As the town rebuilt, native residents had the perfect opportunity to assemble houses that have been higher, extra environment friendly, and extra reasonably priced. Sadly, a lot of the dozen or so packages launched to help the rebuilding effort have been solely accessible to rich locals. Low-to-moderate revenue households, unable to afford dwelling upgrades, have been left to fend for themselves.
PosiGen CEO Thomas Neyhart noticed the chance to assist these deprived households rebuild their houses and get their lives again on monitor, and that’s how PosiGen was born.
Nurturing Inclusion and Entry at PosiGen and Past
To result in significant, long-lasting change, nonetheless, the brand new PosiGen CEO needed to do issues just a little in a different way. Adopting present photo voltaic power fashions that have been aimed toward wealthier goal markets would merely worsen the issue. To carry photo voltaic and power effectivity to lower-income communities, it needed to be offered to them in a essentially totally different manner. The one enterprise mannequin that made sense was to base gross sales on financial savings. Provided that a buyer will get monetary savings by going photo voltaic paired with power effectivity upgrades will they set up a photo voltaic system.
By specializing in the shopper’s financial savings, not the company’s profits, PosiGen rapidly gained traction. Persons are much less reluctant to make the leap with a brand new system or a brand new manner of doing issues in the event that they know it can make their lives higher. With this worth proposition in place, PosiGen rapidly grew, and the corporate now installs 1000’s of photo voltaic programs yearly, pairing every of these programs with power effectivity upgrades, which ends up in appreciable financial savings to households who most want all of it throughout the nation.
With PosiGen CEO Thomas Neyhart’s imaginative and prescient of solar energy and power effectivity for all, the corporate strives to make photo voltaic and power effectivity reasonably priced and straightforward to entry, notably to low-to-moderate revenue communities and communities of shade. What makes PosiGen’s method totally different, nonetheless, is the way it democratizes inclusion and entry.
Bettering inclusion and entry is a part of how every little thing works at PosiGen. This is applicable not simply to deciding on goal markets however hiring, coaching, and giving again to the neighborhood as nicely.
For instance, the corporate’s photo voltaic leasing program makes it attainable for households in deprived communities to put money into their houses and save on their power bills. Residence modification plans are additionally custom-made to assist PosiGen’s clients dwell in higher, safer, and cleaner houses. Lastly, inclusion and entry play massive roles in how variety and the strengths of various communities are nurtured and given room and the chance to develop throughout the firm. Over 65% of PosiGen’s employees are girls or individuals of shade. By serving to high-need communities get monetary savings, these clients and crew employees can put their financial savings proper again into their native economic system, supporting native companies and initiatives.
PosiGen’s Outcomes Over the Lengthy-Haul
PosiGen’s outcomes converse for themselves. The corporate has put in over 18,000 photo voltaic programs all throughout the nation. By utilizing inventive, user-focused packages and options, PosiGen and CEO Thomas Neyhart are delivering actual financial savings to their clients.
Onboarding with PosiGen is straightforward. PosiGen’s engineering and gross sales groups deal with every little thing from design, permits, approvals, set up, and inspection in order that the consumer’s brand-new photo voltaic system might be activated as rapidly and simply as attainable.
Additionally, by putting in a two-directional meter – one that may deal with electrical consumption from the grid and photo voltaic power produced at dwelling – buyer houses all the time use photo voltaic power when it’s out there. Provided that the facility generated doesn’t meet the consumer’s power demand will further power be delivered from the grid. On days when the put in panels produce more energy than wanted by the house, extra power is immediately delivered to the grid in return for credit. These credit can be utilized to pay for electrical energy from the grid to fulfill future power calls for.
Over the long term, the compounded financial savings of this mannequin are important. PosiGen’s clients have used their financial savings for every little thing from opening new companies to sending their youngsters to highschool to occurring trip and having extra to spend whereas buying. All of those are native financial savings and advantages that aren’t solely good for communities however the planet as nicely.
A easy reorientation of focus from firm earnings to the well-being of customers and clients has helped PosiGen CEO Thomas Neyhart make an actual influence on the lives of tens of 1000’s of consumers. As the corporate forges forward, Thomas Neyhart will proceed to enhance inclusion and entry and ship price financial savings to clients throughout the nation by way of higher, less complicated, and extra equitable entry to photo voltaic power for all.
EDITOR NOTE: It is a promoted submit and shouldn’t be thought-about an editorial endorsement