Frequently Asked Questions
Revenue Share Program
What is the Revenue Share Program?
Beacon Renewable Partners will install solar panels on a community’s roof at no charge to the community. We become the community’s renewable power partner and integrator. Surplus revenue generated from the solar power will be shared with the community.
Do all communities qualify for the Revenue Share Program?
We specialize in onboarding condo and apartment communities, currently in Rhode Island, Massachusettes, and Connecticut. In order for a community to qualify we ensure there is appropriate roof space to offset eletricity usage, and we work directly with the utlity to confirm eligibility.
How does a community benefit from the Revenue Share Program?
In addition to environmental benefits, EV chargers, and batteries, communities receive monthly revenue generated from the sun. Some examples of what other communities have used those funds towards include:
- Lower HOA fees
- Community operations and maintenance
- New features like pickleball, a pool, community garden, aesthetics like paving, landscaping, and paint
- Eco-friendly enhancements (insulation, light bulbs, additional EV chargers, etc.)
- Fewer assessments for residents
Billing
Will my electricity bills decrease?
The surplus revenue we generate is shared with the community, oftentimes in an HOA reserve. Each community determines how best to utilize and distribute to the community and residents. We can provide suggestions when we meet to discuss this program for your community.
Click here to Schedule a Meet.
Will residents have two electricity bills?
No, residents will receive and pay just one electricity bill from Beacon Renewable Partners. The billing site/portal is easy to use, includes auto pay, and has a support line residents can call with any billing questions.
Amenities & Advantages
Will we have Electric Vehicle (EV) chargers?
Yes, we can include EV charges as part of the agreement. Residents would pay for usage.
Will we have batteries?
Yes, we can include batteries as part of the agreement.
What happens if the power goes out?
If the power is out from the grid the power also goes out at the community until it is resolved.
The Process
Does Beacon Renewable Partners inspect the community before installing the solar system?
Yes, as part of our initial assessment we do a comprehensive site inspection free of charge. We share findings and indicate if there is anything to address before solar panels are installed on the roofs.
