Arcadia is a sleek website and app that manages your utility bill. Depending on where you live, it can shave up to 20% off your bill and allow you to source clean energy for your home. Arcadia has three major offerings, two of which are only available to customers in certain regions of the country. When you sign up for the platform, Arcadia automatically matches half of your monthly energy usage with what are called renewable energy certificates at no cost — no matter where you live.
RECs are far wilder than they sound. When a wind or solar farm generates 1 MWh of energy, it also generates one REC — which represents its "greenness." Arcadia will eventually offer financing for energy efficiency devices like smart thermostats. It's likely that the company will eventually integrate its offerings with those tools.
What could that look like? "Consumers can automatically have their thermostat programmed to optimize for cost savings and optimize for carbon emissions at the same time," said Sameer Reddy, a partner at Energy Impact Partners, which backs Arcadia.
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