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Energy retrofits

Nexamp

Nexamp develops, owns and operates community solar projects and sells subscriptions to households and businesses that cannot or do not want panels on their own roof. Subscribers receive bill credits from a nearby solar farm rather than on-site equipment, with no rooftop panels, no sign-up fees, no long-term contract and no cancellation fee.

For property owners, the Host a Farm program leases land or rooftop space for an array and pays the owner for it. Other business offerings are energy storage, power purchase agreements for commercial users, development services, and standalone services covering everything from project development to asset management. Nexamp also develops and purchases clean energy assets at any stage of a project's lifecycle, describing itself as one of the largest asset acquirers in the community solar industry, with established partnerships with multiple developers across the United States and a standardised project evaluation methodology.

The company was founded in 2007 by two US Army veterans and is a national clean energy company headquartered in Boston and Chicago with additional offices across the country. It states subscribers save between 10% and 15% on electricity costs, and reports an average of $275 in annual electricity savings per subscriber. Published sustainability commitments cover recycling decommissioned solar panels, transitioning the fleet to all electric, sheep grazing on project sites and native pollinator vegetation on selected sites.

Savings vary by state, and availability is checked by zip code and utility provider. A property owner should confirm both whether the program operates in their utility territory and what lease terms are on offer before planning around it.

Best for

Property owners with land or large roof area in a Nexamp market who want lease income from hosting a solar array, and owners or residents looking for bill credits without installing panels. Availability depends on the utility and the state.

What they do

  • Community solar subscriptions for homes and businesses
  • Land and rooftop hosting leases for solar farms
  • Energy storage projects
  • Power purchase agreements for commercial users
  • Clean energy project development
  • Acquisition of clean energy assets at any project stage
  • Asset management and operations for solar projects

Details

AttributeValue
Founded2007
Other officesChicago, IL

What stands out

  • Founded in 2007 by two US Army veterans; headquartered in Boston and Chicago with additional offices across the country.
  • States community solar subscribers save between 10% and 15% on electricity costs, with no sign-up, contract or cancellation fees.
  • Reports an average of $275 in annual electricity savings per subscriber.
  • Sustainability commitments include recycling decommissioned panels, an all-electric fleet and sheep grazing on project sites.