Nexamp is leading the way to the new energy economy with best-in-class solutions for solar development, ownership, and operation.
With no upfront costs, no credit check, no cancellation fees and no installation on your roof or property, Nexamp's flexible community solar subscription model is making the benefits of solar accessible to homeowners, renters, small businesses and nonprofits. Under Nexamp's pay-as-you-go program, subscribers receive discounted credits to offset their electricity costs while directly supporting a local source of clean, renewable energy.
Founded in 2007 by two military veterans committed to reducing our nation’s reliance on fossil fuels, Nexamp has grown to become a leader in the transformation to the new energy economy with proven solar energy and storage solutions. Nexamp manages the complete solar project lifecycle, from development, design and construction to financing, operations and maintenance. Our ability to provide integrated, best-in-class solutions makes solar energy and storage simple and profitable for our customers and partners.
The Nexamp portfolio includes more than 150 MWs of solar generating capacity today and is growing rapidly, expanding to include storage for more predictable energy delivery to the grid. At Nexamp, we help individuals, businesses, organizations and municipalities leverage solar to reduce costs, increase efficiency and reduce environmental impact.
Nexamp’s innovative community solar program features large-scale solar arrays that make solar accessible to everyone—from homeowners and renters to small businesses and non-profits. With nothing to install and no up-front investment, consumers subscribe to a project and save money on their monthly utility bills, while Nexamp’s landowner partners receive a steady source of income through a long-term lease.
I went through to the contract process but did not sign with Nexamp. Nexamp offered me credit savings at 10% despite advertised in various places (eg Web, Pandora, etc.) as up to 15%. Nexamp does have "by state" disclaimers on its web site but my representative couldn't confirm if it was my state of residence that restricted my savings. For my situation, based on a 10% credit discount the theoretical savings is about $140/Year. I had numerous questions so I called and spoke to my representative. Here are my conclusions.
-When I called it was easy to be transferred to my representative
-In NY State they can give you credits on both the supply and delivery portion of your bill. Nyack News has a good example of this -https://nyacknewsandviews.com/2018/01/community-solar/
-Nexamp explicitly in their contractural terms "Your Price will always reflect the Discount, but this contract does not guarantee savings on a monthly basis.". This means the consumer is exposed. Nexamp can always claim that your usage, their production or utility rates changed which means consumers would have a difficult time validating actual savings.
-The two representatives I spoke to seemed to be heavily coached but lacked direct knowledge so I could not be assured that the responses being provided were accurate
-Responses are mathematically based on best-case (summer) rather than real-world (seasonal) conditions
-With solar as one would expect production conditions change drastically through the year. This article, https://driving.solar/washington-law-pay-for-energy-you-generate/, gives some good data on production.
-It also highlights another challenge what happens if a consumer accumulates too many credits from Nexamp.
-My utility, Central Hudson, has rate trends that loosely tracks supply and demand. High in the summer ($0.08/KWH) and low in the winter ($0.04/KWH).
The Nexamp contract stipulates that Nexamp will modify production to cover your expected usage for the entire year. This means they'll store credits during the summer when both production and prices are high to be used in the winter when production and prices are low.
-Nexamp provides lots of marketing advertising but fails to provide real-world examples of savings. If I'm not mistaken my real-world scenario would be that I would purchase most of my Nexamp credits during the summer months at 10% off or ~$0.072/KWH to be used during the winter months. Remember my winter rates are ~$0.04/KWH, therefore, I'm up to 180% more during the winter to save 10% during the summer.
-3-month contract termination without an explicit statement on credits. I can only assume this means you lose your credits with contract termination.
Nexamp conveniently mixes terms with statements like "Save up to 10% on your annual electricity costs" when it benefits them when the reality is 10% off credits. But fails to inform the consumer that seasonal changes in generation and rates could end up costing the consumer in my estimate as much as 40% more.
In my case, a theoretical savings of $120/Year is offset by real-world exposure of greater than $500 because of seasonal variations in production and rate. Coupled with the over purchase of credits which is controlled by Nexamp via contract terms and not the consumer could most certainly drive that exposure even higher.
Nexamp stacks too much in their favor to make this a good investment by any customer that looks at these numbers realistically.
Very disappointed that NY State appears to be a passive participant in defrauding NY constituents.
jim – First of all, we are very happy we could connect with you by phone again and that after learning more about out program you have decided to become a Nexamp subscriber! We’d like to recap some of the information we provided to you so others can better understand how Nexamp community solar works and why it makes so much sense.
We build a solar farm and work with the utility to connect it to the local grid through a meter that measures production. Dollar credits are generated by the electricity that is produced by the farm and pushed onto the grid. We analyze your historical usage and allocate a share of the farm to you based on the number of dollar credits you need to cover your annual electricity costs. The cost of these dollar credits does not fluctuate by season and Nexamp discounts them by 10% when we bill you. Excess credits are stored and applied to your bill as needed; they don’t expire and you don’t forfeit them if you choose to leave the program.
As a simple example, if your utility bill is $100, you get $100 in credits transferred to your bill and pay us $90. The discount on the value of the credits is fixed.
Our program costs nothing to join, carries no long-term contract and requires no equipment installation. It makes solar accessible to a much wider range of customers, including those who rent, those who can’t afford to purchase their own panels or those who may not have a suitable roof. Nexamp is unique in the market because we build and operate our own solar farms and handle all subscriptions in-house. Our team of experts is always available to explain community solar and answer any questions.
Again, thanks for signing on with us and we hope you enjoy the savings!