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Arcadia Power - Wind Offsets & Community Solar
tj:
I'm surprised Arcadia isn't talked about more around here.
Recently I've learned that you can get a discount on their community solar panels if you do to the paid wind option.
Premium wind users can save $25 off a community solar panel. The community solar panels usually cost $100. Each panel is expected to average out to a $1/mo credit for 120 months. This doesn't make sense strictly from a financial investment ,but if you want to support solar and can't put actual solar on your roof, it's a fun way to do that and pre-pay some (very future) electric costs.
The current project has panels in New Jersey, so obviously summer months are going to generate a higher credit than winter.
They tell me "The fixed payback rate for the Passaic River project is $0.168/kWh. We used the National Renewable Energy Laboratory's PVWatts Calculator to determine the projected output of the panels according to location, orientation, etc. The projected output, the value of the associated SRECs, local incentives, and our agreement with the solar host all factor into the payback rate we're able to offer you. Over the course of 10 years, the net savings for 1 panel is $20 (or $45 if you get the discount.)
2021 edit: Nationwide Solar Co-Op seems to no longer be available - they have community solar in specific locations only.
Plus, if you live in state with deregulated electricity, they have algorithms to search all your options and notify you when there's a better deal.
If anyone is interested, my referral link is in my signature, you can receive $10 for creating an account.
Basically you pay Arcadia and Arcadia pays your utility. No charge for bank account payments, and they have removed the fees for using credit cards. These are what the monthly statements look like:
tj:
Arcadia Power has released it's 2017 "Impact Report". Lots of interesting stuff. Apparently Asheville, NC has the most users.
http://static.arcadiapower.com/resources/2017_Arcadia_Power_Impact_Report.pdf
DrumAllDay:
I switched over to Arcadia Power a few months ago and I have no complaints. I use the the service that has no extra charges and issues 50% of my electricity as renewable.
tj:
--- Quote from: DrumAllDay on January 12, 2018, 11:55:54 AM ---I switched over to Arcadia Power a few months ago and I have no complaints. I use the the service that has no extra charges and issues 50% of my electricity as renewable.
--- End quote ---
Same here. I'm not sure how it is going to be sustainable for them to just buy REC's on behalf of people at no charge, unless they can monetize our usage data somehow. They seem to really push the premium option - there was a promo e-mail a while ago that they were sending out free Google Home Mini's to people who would upgrade.
DrumAllDay:
--- Quote from: tj on January 12, 2018, 01:31:37 PM ---
--- Quote from: DrumAllDay on January 12, 2018, 11:55:54 AM ---I switched over to Arcadia Power a few months ago and I have no complaints. I use the the service that has no extra charges and issues 50% of my electricity as renewable.
--- End quote ---
Same here. I'm not sure how it is going to be sustainable for them to just buy REC's on behalf of people at no charge, unless they can monetize our usage data somehow. They seem to really push the premium option - there was a promo e-mail a while ago that they were sending out free Google Home Mini's to people who would upgrade.
--- End quote ---
Yes I agree, I wonder how many customers actually have the premium. I have been thinking about switching to premium but for my personal situation I would still rather not pay the premium price for 100% renewable. My rational is at least I have made one step to greener energy.
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