EnergySage grows exponentially as consumers seek price transparency for solar energy systems

BOSTON, MA – May 19, 2015

EnergySage, provider of the industry’s first online solar marketplace, announced today that it achieved triple-digit growth in revenue and marketplace registrations from Q1 2014 through Q1 2015. The company has also expanded its footprint within 30 states nationwide, forging partnerships with more than 40 businesses, municipalities, non-profit organizations and utilities striving to promote clean energy. EnergySage has blown the doors wide open on the solar energy market, bringing desperately-needed simplicity, transparency and choice to residents and business owners interested in “going solar." Consumers using EnergySage adopt solar at rates two to three times higher than industry norms and pay prices that are up to 20 percent less than market averages.

“EnergySage really made a huge difference for me, almost $9K in savings compared to what I was getting ready to spend directly with a leading solar installer, and I have a system that is better suited to my situation -- with 25 year warranty!” said Steve R., a resident of Orange County, California. “Since I've had the solar energy system installed, my energy bill has been zero – I'm actually running a negative balance."

EnergySage is a single destination where prospective buyers can obtain the crucial, factual information they need to evaluate solar adoption and make educated purchasing decisions. Never before have residents and business owners been able to quickly research and compare turnkey solar energy systems, explore all of their financing options and obtain multiple price quotes from more than 250 high-quality, pre-screened solar installers. EnergySage has completely transformed the process of shopping for solar energy, and like-minded individuals and organizations around the country who support the movement toward clean, renewable energy have taken notice. This includes angel groups and strategic investors, such as Massachusetts Clean Energy Center (MassCEC), who have backed the company with a $1.5 million Series-A round of funding.

In the past year, EnergySage has forged partnerships with dozens of organizations, such as Clean Air Council, Colorado Solar Energy Industry Association (COSEIA), Metropolitan Area Planning Council (MAPC), SmartPower and The Solutions Project, to roll out branded local and national solar energy marketplaces. As the first of a series of partnership announcements to come, EnergySage most recently announced its collaboration with New York State Energy Research and Development Authority (NYSERDA) to launch a solar energy marketplace for New York State. Additional EnergySage partners include Staples, Walgreens and the World Wildlife Fund.

“Residential solar energy adoption in particular has been inhibited by complexity, pushy salespeople and a lack of disclosure of market pricing—many consumers are paying more than they should and are getting locked into financing that’s not suitable to their particular needs,” said EnergySage CEO Vikram Aggarwal. “We address this problem head-on. EnergySage applies the same approach that one takes when shopping for anything else today – making people aware of all of their options, and without bias. We empower the solar energy buyer to drive the sales process in that they get all the information they want, when they want it, and can make direct comparisons about all of the ‘products’ available to them, from solar equipment and installers to financing.”

While the EnergySage Marketplace is enabling solar buyers to obtain significantly lower pricing and get greater return on their investments, it is also shortening sales cycle times for solar installers. By providing solar installers access to a large pool of knowledgeable potential clients, EnergySage gives them the ability to reduce customer acquisition costs and efficiently grow their businesses. With EnergySage, installers’ sales cycles are 70 percent shorter and their customer acquisition costs drop by more than 50 percent compared to other channels.

About EnergySage, Inc.

EnergySage provides the first comprehensive online marketplace for consumers and businesses interested in converting to solar energy. By enabling people to comparison shop for “apples-to-apples” competitive quotes from pre-screened installers and financiers, the EnergySage Marketplace typically delivers cost-savings of up to 20 percent when compared to going directly to installers. EnergySage also simplifies today’s complex solar industry by providing tools and unbiased information that enable people to fully understand their product and financing options as well as their return-on-investment scenarios. Many leading organizations have forged partnerships with EnergySage to promote the adoption of solar energy, including Connecticut Green Bank, Staples, Walgreens and the World Wildlife Fund. For more information, please visit: www.energysage.com.