Leveraging data & innovation to expand community solar access through EnergyScore
Millions of Americans can’t go solar because their credit is insufficient. To overcome this, we developed EnergyScore – a more inclusive and more accurate predictor of utility bill payment performance, that’ll expand access to solar for millions of Americans.
How does EnergyScore work?
Solstice Power Technologies and Energy Allies worked with data scientists at MIT and Stanford to develop a machine-learning model to predict the likelihood of an individual defaulting on their utility bill — EnergyScore.
(People defaulting on utility payments vs. defaulting as its related to FICO score)
PURPOSE
EnergyScore was designed to be a more inclusive and accurate qualification metric than traditionally used FICO scores, which are currently used to underwrite customers for residential solar and energy efficiency products.
PROBLEM
Close to half of Americans have subprime credit scores or are credit invisible, dramatically limiting participation in renewable energy programs.
SOLUTION
The energy democracy movement works to decentralize the energy system by centering communities in the access and ownership of clean and affordable local energy.
Get More Information on EnergyScore
EnergyScore empowers solar developers to expand their pool of qualified customers and provides financiers with more accurate customer risk profiles.
Want to learn more about EnergyScore and how it can make community solar farms more inclusive?
