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EnergySage launches online solar PV marketplace

Thursday, Feb 21, 2013

EnergySage (www.energysage.com), a free-to-the-consumer online marketplace for solar photovoltaic and other clean energy technologies, announced the release of the EnergySage Solar Marketplace, a first-of-its-kind, comprehensive platform for researching and shopping for solar PV (also referred to as solar panel and solar power) systems for homeowners, businesses and non-profits. Through automation and standardization, the EnergySage Solar Marketplace delivers unprecedented simplicity and transparency to the complex solar shopping experience, allowing consumers to easily make purchase decisions that maximize the value they will receive. Consumers solicit and receive multiple quotes from a pre-screened network of high-quality solar installation providers. The quotes, presented in a clear, apples-to-apples format, highlight key metrics and are supported by easy-to-use decision-making tools. The site also includes robust educational content; real-life case studies with pictures and financial details; and installer and product profiles with ratings and reviews. By reducing the soft costs associated with solar sales and marketing efforts, it delivers financial benefits to both consumers and solar installers and financiers, while expanding the market through increased demand for these systems. The platform’s development was funded in part by a U.S. Department of Energy SunShot Award in June 2012. Initially, the Solar Marketplace is focused on the Northeastern United States, and will roll out rapidly to additional markets.

“The market has evolved to offer consumers an extensive set of innovative financing choices”

“The solar shopping process can be complicated and confusing for consumers. Many ultimately give up and do nothing because they can’t be sure they’re making the right decision,” explains EnergySage CEO Vikram Aggarwal. “The EnergySage Solar Marketplace is designed to simplify this process and add much needed transparency. This is an important financial as well as environmental decision and the Marketplace gives consumers the information and insight they need to make the right decision for their own specific needs.”

Most consumers considering a solar power system do not know where to begin, and for those bold enough to request quotes from several installers, the process of comparing these options is incredibly complex and time-consuming. EnergySage removes the guesswork from the process. Its network of high-quality installation providers, in conjunction with its consumer-oriented platform, makes the process easy and fast.

Similar to websites such as Expedia, the site is free for consumers while providers pay a small commission for new business received through the site.

The Solar Marketplace consolidates the available purchase and financing options into a single online market that includes everything from zero-cost leasing to debt financing and outright purchases. “The market has evolved to offer consumers an extensive set of innovative financing choices,” continues Aggarwal. “The Marketplace helps consumers evaluate multiple options and determine the one that makes the most sense for their particular financial situation.”

The EnergySage solar installer and financing network is made up of pre-screened, high-quality providers. EnergySage delivers tremendous value by targeting “soft costs” such as high sales and marketing expenses, which limit profitability, keep prices high, and slow market growth. “Providers are spending an incredible amount of time and money in their efforts to acquire new customers. EnergySage drives these costs down by facilitating a more efficient sales process,” said John Gingrich, Head of Corporate Development at EnergySage. “The information and transparency EnergySage brings to the shopping process helps consumers make faster, more confident decisions.”

Source: Business Wire

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