NEW ORLEANS, Nov. 7, 2016 /PRNewswire/ -- Last week PosiGen Solar was honored to participate in the Community Solar Finance Summit at the White House. PosiGen CEO Tom Neyhart was invited to speak on a panel of three solar industry experts about the best ways to reach low and moderate income customers. The White House's goal for the summit was to explore strategies to unlocking financing opportunities for community solar – one of the fastest growing business models in the energy industry. A main reason PosiGen was invited to join the panel is the company's unique business model which makes solar available to all homeowners, regardless of income or credit score, while specifically targeting low-to-moderate income homeowners. As a for-profit company, PosiGen is in the minority when it comes to focusing on low-to-moderate income homeowners. PosiGen saves its customers money on their utility bills by combining solar panels with energy efficiency upgrades so that customers not only make power, but also save power.
Speaking from the Eisenhower Executive Office Building at the White House, Neyhart explained how PosiGen built and continues to successfully sustain its business model, using not only government funding but also private financing. "We were honored to participate in the summit," Neyhart said. "There are tens of millions of low income homeowners who need access to the savings that solar and energy efficiency can provide. PosiGen is happy to lead the way, but it's also time for others to recognize that this is a consumer class that needs and deserves the savings generated from renewable energy."
The Obama Administration is committed to expanding access to solar power for all Americans and overcoming the barriers that exist for low and moderate income households. Community solar presents a vital resource for consumers and could represent 32%–49% of the distributed photovoltaic solar market by 2020. White House representatives involved in the Solar Summit included Dan Utech, Deputy Assistant to the President for Energy and Climate Change, David Friedman, Assistant Secretary for Energy Efficiency and Renewable Energy, and Annie Donovan, CDFI Fund, U.S. Department of the Treasury.
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SOURCE PosiGen Solar Solutions