PowerMarket & SunRaise bring some of the first Community Solar Projects to Maine

Tuesday, September 22, 2020 10:43 AM | Adelaide Taylor (Administrator)

September 22, 2020

BELFAST, Maine

PowerMarket, an employee-owned community solar management services company, has partnered with SunRaise, a New England solar energy developer, owner, and operator, to bring some of the first community solar projects to Maine. PowerMarket and SunRaise’s goal is simple: Bring locally produced clean energy to local residents and businesses. With the recent passing of community solar legislation in Maine, residents can now support renewable energy that is produced in the state while seeing guaranteed savings on their utility bill every month.

Community solar is a renewable energy model that has seen success in states like Massachusetts, New York, and Rhode Island. Residents and small businesses in the same utility territory as a community solar project can subscribe to a portion of it. Subscribers receive guaranteed savings on their utility bill for the clean energy that their portion of the project produces and supplies to the utility grid. Subscribers are then billed for their portion of the project but at a discount for supporting clean energy - saving them money every month.

PowerMarket has worked to help bring community solar and its benefits to Mainers. To support this effort, PowerMarket has created four new jobs in Maine. PowerMarket also seeks to help build Maine’s clean energy future by being a proud Sustaining Leader of E2Tech.

“For many years, numerous states have seen the benefits of community solar thanks to the help of our PowerMarket team. We are excited to finally bring these benefits to the state of Maine as well. The recent momentum behind community solar in Maine means saving residents money while ensuring a better future for communities throughout the state. We are proud to be a part of the clean energy movement in Maine.” - Nick Baudouin, Co-Founder of PowerMarket

While at first community solar can seem complicated, PowerMarket’s experienced team works to streamline the process so that subscribing to a community solar project is simple and easy. That is why SunRaise decided to work with PowerMarket.

“We are excited to finally be able to provide Mainers with off-site solar power that is lower cost, clean, and local. PowerMarket has been a great partner in bringing some of our first community solar projects in Maine to life. Drawing on PowerMarket’s expertise in the community solar industry, their team helped our project launch go smoothly so Maine residents can simply sign up and enjoy the benefits of community solar. Just as it should be.” - Patrick Jackson, Co-Founder of SunRaise Investments

All Central Maine Power customers are able to subscribe to these community solar projects where participants will not only be guaranteed 10% savings on the community solar credits they receive every month, but also support clean energy in Maine. Residents who are interested in becoming subscribers or those who have questions about community solar in Maine can contact PowerMarket at sunraise@powermarket.io or 207-280-8130. As some of the first community solar projects in the state, spots will fill up quickly so subscribers should act fast.

About PowerMarket:

PowerMarket works to make clean energy more accessible, affordable, and ubiquitous through community solar. We are a recognized market leader in providing subscriber acquisition, management & billing services to the community solar industry. Based in New York City, we manage over 20,000 subscribers—ensuring they are seeing utility bill credits, savings and the environmental impact of their participation. Since inception, we have put over $600,000 back in the pockets of our community solar subscribers. We are an advocate for our subscribers and have rolled out many programs across the Northeast with Low- and Moderate-Income (LMI) carve outs to ensure benefits are equally distributed to these communities.

Company Website: www.powermarket.io

Media Contact: Nick Baudouin


About SunRaise:

SunRaise Investments is a mission driven commercial solar energy owner, operator, and development group. We develop, finance, own, and operate large community solar energy projects. As a developer and owner, we are unique in that we can be the one party to bring your public or private property through permitting, interconnection, construction, financing, and operation, allowing property owners to enjoy a seamless relationship with one party. Lease your land or roof and receive long-term predictable revenue from SunRaise. We develop projects on farm land, roof tops, landfills, gravel pits, parking lot canopies, industrial sites, forested land and more. We invest in these solar projects so our electricity consumers don't have to pay the upfront cost of solar. Instead, we provide consumers with a low, stable electricity rate, significant savings, and environmental leadership. We choose to do this because we care deeply about our future. We are committed to a complete transition away from fossil fuels & towards clean renewable energy because it must happen now.

Company Website: http://www.sunraiseinvestments.com/#home-3

Media Contact: Patrick Jackson


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