BOSTON, MA – July 13, 2017
EnergySage, the leading online comparison-shopping marketplace for rooftop solar, community solar, and financing, was recently selected to receive a $1.6 million award from the U.S. Department of Energy (DOE) SunShot Initiative through its Technology to Market 3 (T2M3) funding program. T2M3 focuses on accelerating research and development of highly impactful solar energy technologies.
“SunShot’s ongoing commitment to spurring solar energy innovation is inspiring and something we’re very proud to be a part of,” said EnergySage CEO and Founder Vikram Aggarwal. “EnergySage has been growing rapidly since launching our online marketplace in 2013. This latest award from the DOE helps us advance our mission of improving transparency and outcomes for solar-interested homeowners, solar installation companies, equipment manufacturers, and financiers. Our team is excited to get to work and is grateful for the DOE’s ongoing support."
EnergySage will use the funding to develop a scalable online solar marketplace that enables the consumer to freely choose solar equipment, financing, and installation options. The goal of this effort is to further bring down the cost of adoption for consumers, as well as increase the mass market adoption of solar PV systems for the benefit of solar installers, equipment manufacturers, and financiers.
EnergySage was selected as a part of the SunShot Initiative’s Technology to Market 3 funding program, which accelerates the research and development of next generation solar power technologies. To maintain its exponential growth, the solar industry needs a variety of products and services that can increase system values while reducing costs, facilitate grid integration, and increase consumer access to solar. This program enables entrepreneurs to prove the feasibility of their product and ready it for private sector follow-on support.
For more information about the announcement from the Department of Energy, click here.
About the Sunshot Initiative
The U.S. Department of Energy SunShot Initiative is a national effort to drive down the cost of solar electricity and support solar adoption. SunShot aims to make solar energy a low cost electricity source for all Americans through research and development efforts in collaboration with public and private partners. Learn more at energy.gov/sunshot.
About EnergySage, Inc.
EnergySage is the leading online comparison-shopping marketplace for rooftop solar, community solar, and financing. Supported by the U.S. Department of Energy, EnergySage is the trusted source of information for over 1 million consumers across 30+ states. In 2016, the company sent nearly $1 billion in solar installation requests to its network of more than 350 pre-screened solar installation companies, and served as a high-quality lead source for solar financing companies and powerful distribution channel for solar equipment manufacturers. EnergySage is unique in that it allows consumers to request and compare competing quotes online, unlike traditional lead-generation websites. For this reason, leading organizations like Kaiser Permanente, National Grid, Schneider Electric, and Staples refer their audiences to EnergySage to empower them as they consider solar. The EnergySage formula of unbiased information, transparency and choice helps consumers go solar with confidence – at a higher rate of adoption, and lower cost. For more information, please visit EnergySage and follow us on Facebook, Twitter and LinkedIn.