Residential finance company sees savings due to VPP

finance package for residential solar-plus-storage, claiming its enhanced terms are directly tied to the benefits derived from virtual power plants (VPP).

Solrite Energy’s PPA is now accessible to homeowners in California, Puerto Rico and Texas. The company is planning expansions into New York, New England and Hawaii later this year

For example, in Massachusetts and Rhode Island, the National Grid’s ConnectedSolutions program seeks to pay energy storage owners up to $400/kW during high grid demand events in Rhode Island, and $225 in Massachusetts. Similarly, Eversource, another major utility in Massachusetts, offers a similar program.


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