US Photovoltaics Inc. Partners with Savenia

uspv_logoToday we are delighted to announce the signing of a referral agreement with US Photovoltaics Inc. (USPV). USPV is one of the nation’s leading Solar Renewable Energy Certificate aggregators and provides brokerage services to homeowners with solar systems across the mid-Atlantic. You can see the full release here.

Effective immediately, this agreement allows the customers of USPV to utilize Savenia’s proprietary Solar Ratings to capture and communicate the value of solar when selling their homes.

“Savenia provides a much needed service for our solar customers in the process of selling their homes”, said Fred Ugast, President of USPV, adding “Solar is a great resource but the real estate and appraisal industries have been slow to recognize the savings and revenues a solar system adds to a property. Many homeowners struggle to quantify and explain the financial and other benefits of solar to potential buyers. Savenia provides the solution”

John Jabara, Founder of Savenia, stated: “We are excited to have the opportunity to work with a forward thinking partner like USPV, a Maryland based innovator in the solar industry with a sharp focus on excellent customer service”.

Savenia Wins 2nd DOE SunShot Catalyst Award

photo (1)Last Friday in SFO we won a 2nd award from the US Department of Energy’s ‘SunShot’ Catalyst Program, a prize that acknowledges the most cutting-edge ideas to transform the US solar marketplace. The company’s winning application highlighted an IT prototype of Savenia Solar Ratings, a rating label like CarFax but for home solar systems. Savenia Solar Ratings help home sellers and buyers more easily understand and unlock the monetary value in solar systems with innovative rating labels and marketing materials.

Savenia will receive up to $100,000 from DOE to enable further development of Savenia Solar Ratings. This builds on the $25,000 in IT support received in 2014 when Savenia won the SunShot Catalyst Business Innovation Award.

Savenia Solar Ratings were launched in 2014 to help home sellers capture the full value of their solar systems when selling. Savenia Solar Ratings are part of a platform of Savenia Home Ratings that help unlock the value of various home efficiency upgrades, so sellers can differentiate, sell faster and capture more value. Savenia has rated homes in 6 states, including the solar system on The White House.

A big thank you to Jane Fairweather, Sandy Spring Builders, Bethesda Green, US Photovoltaics and the MDV-SEIA for the support during the development of our solar ratings.

Savenia Finds Increased Home Value in Solar Leases

Screen Shot 2014-05-21 at 3.01.33 PMRecently an increasing number of articles published in national outlets like the Washington Post, Los Angeles Times, NPR and others are warning consumers about the difficulties in selling a home with a leased solar system.

These articles often present an unbalanced view by focusing on rare horror stories, an approach that could easily lead to fewer homeowners choosing to go solar and to the creation of problems in the re-sale market.

As an independent 3rd party with direct experience evaluating solar systems for home sellers in many states, Savenia believes solar leasing can be a valuable option, and calls for a more balanced discussion on the merits of each purchasing method and the implications for home buyers.

Solar leases are a key driver behind US solar growth, and thousands of homes with leased systems have already been sold. Large studies show that homes with owned solar systems sell for a price premium, and our ratings have shown additional value for buyers of solar homes with pre-paid leases or contracts that lock in low energy prices relative to the market, in addition to the environmental benefits.

Solar home sellers need to explain the benefits of their systems to prospective buyers, and firms like ours now provide marketing services to make this process easier.

There are many variations of solar financial contract arrangements in the market and a changing regulatory environment, underscoring the need for scrutiny by both sellers and buyers prior to sale.

Savenia helps homeowners, Realtors, builders and renovators unlock the value of home efficiency upgrades. Solar, High Efficiency Appliances, HVAC, Lighting, Water Heating and more.

Savenia provides home sellers with customized Home Rating Labels, marketing materials and online marketing to differentiate, sell faster, and capture the full value of homes for sale. www.saveniahome.com