What Is ‘Solar-as-a-Service’?

Editor’s Take: UrbanVolt says it is focusing its light-as-a-service model on solar, and the idea is intriguing. The company believes the service, which basically puts UrbanVolt in charge of project managing a solar installation, will do away with the current practice of locking companies into a 25-year lease for on-site solar. Instead, a monthly service fee structure will allow the company to own the solar installation after seven years.
So, what’s the next ‘as-a-service’ model UrbanVolt will produce? According to the company’s website, energy storage-as-as-service will be available soon.

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