Steph Speirs

Through shared “solar gardens,” she’s bringing solar power to those who can’t afford or aren’t set up for their own panels.

Company name:
Solstice
Location:
CambridgeMA 
Founded:
2016
Industry:
Science Pioneers
Co-founder:
Sandhya Murali
 Photo Credit: Courtesy subject

Most Americans can’t access solar energy: They live in apartment buildings, their roof faces the wrong way, or they just can’t afford to install the equipment. With Solstice, Steph Speirs’s Cambridge, Massachusetts-based startup, people sign up for a piece of a “community solar garden” in their area, and receive a credit on their energy bill for the power its panels generate. For the average customer, this results in a 10 percent discount, or $150 to $200 in savings per year, according to the company. Solar garden developers pay Solstice to sign up customers for them and handle billing. Solstice's revenue grew fivefold in the past year, Speirs says, and the company is planning expansion into more states. “The way we’ve gotten our electricity hasn’t changed in over a hundred years, but it will change in the next ten,” she says. “Ultimately, our obsession is: ‘how do we make this so easy and so affordable that everyone can do it?’” --Sophie Downes 

MORE COMPANY INFORMATION

Website:
solstice.us