One Block Off the Grid, Inc., a San Francisco, California-based solar group discount company and consumer advocate, dedicated to making home installations easy and affordable, has closed a $5m round of Series A financing from New Enterprise Associates (NEA).
The financing will support the company’s national expansion strategy to rapidly boost US adoption of residential solar.
1BOG’s business model is based on regional campaigns. For each of them, the company conducts an impartial selection process to identify an ideal installer partner, based on their pricing, track record of quality installations, reliable warranties, premium products and a viable business model.
1BOG organizes interested homeowners into a large solar buying group to negotiate lowest solar group discount rates from the installer partner so that community members can enjoy the best deal for solar power without having to become solar experts themselves.