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Arcadia

Arcadia’s digital solution helps lower income homeowners and renters power their homes with renewable energy.

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Investment

$2 million direct equity investment; originated in 2018

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Rationale

Arcadia is a digital utility, available in all 50 states. It offers a frictionless process for consumers to access renewable energy; customers that are often ignored by renewable energy companies and utility programs. Arcadia customers can easily opt in and change anytime they like—no long-term contracts or up-front payments. In addition, Arcadia provides customers a suite of energy efficiency products and a streamlined billing process.

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Returns

Company has increased in value through several equity rounds. Arcadia’s ability to build new community solar gardens for it’s customers has exceeded our expectations.

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Lessons Learned

Arcadia is successfully building a national network of clean energy costumers across both regulated and deregulated markets. Such groups are fundamental to future advocacy for a clean climate future. Our grantmaking staff has also appreciated commercial insights gleaned from Arcadia’s business and regulatory staff.

Photo Credit: Arcadia.

Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers.

Last updated 10/2021

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