Arcadia Power Makes Investing In Green Energy Even Easier

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May. 28 2019, Updated 6:13 p.m. ET

We’ve seen a number of major corporations announce their commitment to green energy, but how can us as homeowners and renters do the same? In many cases, it’s hard to install rooftop solar on multi-dwelling units or the location doesn’t receive optimal sunlight. Arcadia Power is available in all 50 states, and they’ll soon aid in finding cheaper rates for those with deregulated energy.

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The process to support renewable energy is extremely simple and requires no switching of utility companies. Arcadia Power, a startup from Washington, DC, isn’t a utility themselves nor do they supply the electricity. Instead, the company purchases Renewable Energy Certificates (REC), ranging from 50 to 100 percent of the total electric bill.

“Once energy makes it onto the power grid, it all looks the same - regardless of where it came from,” said Natalie Rizk, PR Manager for Arcadia Power. “What we do is make sure that for all the energy you use to power your home or apartment in a given month, an equal amount of clean energy makes it onto the grid.”

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Even though the energy received may not directly come from renewable sources, RECs still provide many benefits. This money goes into direct investment toward wind and solar farms, even if there aren’t any locally. As green energy demand becomes higher, this also cleans up the mixture inside the electrical grid. It also offsets our personal carbon footprint.

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Arcadia Power offers two different plans for all eligible homeowners and renters. A free version will offset 50 percent of your total utility bill with no price change. The premium version offsets all energy with renewable power, adding a rate of just $0.015 per kilowatt-hour and a minimum monthly charge of $5. In all, it adds up to $10 on the utility bill for the average premium subscriber.

Just in time for the holidays, Arcadia Power has released gift cards for new or existing customers. In amounts of $25, $50, or $100, these E-gift cards can be delivered and redeemed at any time. It’s a perfect gift for those that are interested in growing sustainable sources but don’t have the means to.

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In a similar way companies are finding the cheapest prices for renewable energy, Arcadia Power wants to do the same for those that live in deregulated energy states. On Thursday, the company has added a new feature called Price Alerts. When customers connect their utility account to this energy advisor, it’ll monitor the energy market and alerts people when better prices are on the table.
 

At the moment, Price Alerts is available in Illinois, Maryland, New York, Ohio, and Washington, DC, but it will be available in all deregulated energy states in the future. Arcadia Power CEO Kiran Bhatraju said in a press release that members have bought into “energy plans marked up at two or three times the going rate for power.” With renewable power bringing costs down, those savings are passed on to the consumer.

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