Climate change is a top concern for many Americans and its mitigation requires massive clean energy expansion. Still, 77% of American households cannot install rooftop solar power due to rented housing, the structure of their rooftop, the upfront cost, or access to financing. Solstice Power Technologies, Inc., a software and customer management company, connects households and community organizations to community solar. Solstice has big plans for expansion in 2021, having just closed an oversubscribed $3.1 million funding round. Initially, Solstice will focus on Illinois, Massachusetts, New York, Maine, New Jersey, with more states quickly following.
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“The benefits of renewables have mainly accrued to higher-income homeowners over the last several decades, and there has never been a more urgent time to democratize access to the green economy,” said Steph Speirs, Co-Founder and CEO. “Solstice has worked for years to put solar within reach of excluded households, and we are excited to partner with our investors to accelerate an equitable transition to clean energy.”