Arcadia Expands Residential Community Solar to Colorado

Now All Xcel Energy customers can save on monthly power bills by supporting solar

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Jun 11, 2020, 09:00 ET

WASHINGTON, June 11, 2020 /PRNewswire/ -- Arcadia, a clean energy technology company, announced today the expansion of its community solar program into Colorado. Now, both homeowners and renters within Xcel Energy territory can sign up in two minutes to support solar and start saving money on their electricity bills.

Currently, as many as 66% of American households are not candidates for rooftop solar for reasons including they are multi-family homes, are located in shaded areas, are structurally unsound, or the residents are unable to get a loan due to a low credit score. Community solar makes it possible for everyone, not just those with the ideal financial circumstances, to access affordable clean energy.

"The future of energy is people-powered, and we look forward to bringing Colorado households hassle-free guaranteed solar savings," said Kiran Bhatraju, CEO of Arcadia. "Community solar can, and should, be easy to access for everyone in the state of Colorado."

The expansion of Arcadia community solar into Colorado comes through a partnership with Pivot Energy, Colorado's leading community solar developer. Arcadia will subscribe a portion of Pivot's community solar gardens with their residential customers, while Pivot will handle unique residential, commercial, and industrial subscriptions, as well as garden development and administration.

"The popularity of community solar is quickly growing as more residents realize how simple it is to sign up and start saving money," said Tom Hunt, Chief Executive Officer of Pivot Energy. "Our partnership with Arcadia will help meet the growing demand by Coloradans for more clean and affordable energy."

The expansion is also an important step in Arcadia's nationwide effort to reach a 100% renewable energy future. Arcadia has partnered with solar developers to add 25 new projects in 6 states in 2020. In their first year of operation, these community solar projects should generate 83,000,000 kWh of clean solar energy, enough to clean solar to power 9,000 homes for a year.

To find out more information on accessing community solar through Arcadia please visit: www.arcadia.com

ABOUT ARCADIA
Arcadia makes choosing clean energy easy. As the only nationwide tech company focused on consumer energy, Arcadia's software manages consumer utility accounts to bundle clean energy, energy efficiency tools, rate monitoring and more in a simplified, modern account experience. Founded in 2014, the company's platform now integrates with more than 125 utilities in all 50 states, manages 4.5 terawatt-hours of residential energy demand, is the largest residential energy broker in the country, and manages the most community solar subscribers in the U.S. For more information, visit www.arcadia.com and follow us on Facebook, Twitter, and Instagram.

ABOUT PIVOT ENERGY
Pivot Energy is a Denver-based solar energy company that is focused on helping accelerate the rapid transition taking place in the energy industry toward power generation that is cleaner, and more decentralized. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full commercial solar ecosystem, including retail customers, project developers, system operators, utilities, and financiers. The company develops, finances, builds, and manages community and commercial solar projects around the country. Pivot operates on a triple bottom line basis, measuring success by the positive impact to people, planet, and profit. Learn more at pivotenergy.net.

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SOURCE Arcadia