Glenn and Sandi Williams of Huntington Beach, California purchase a 5kW photovoltaic system entirely with Bitcoin, a digital crypto-currency for peer-to-peer transactions on the Internet.
Financing can be the biggest hurdle to installing solar, but that’s been changing in recent years. Leases have brought solar within the reach of many more homeowners, including the middle-class. Low-cost solar loans are starting to come on the scene.
Now there’s another innovative — and perhaps unexpected — financing method for solar: Bitcoins.
GoGreenSolar, a website that helps customers turn alternative currency into renewable energy, has completed the world’s first solar installation purchased exclusively with Bitcoin, a digital crypto-currency for peer-to-peer transactions on the Internet.
Glenn and Sandi Williams of Huntington Beach, California are now the proud owners of the 5kW photovoltaic system. The Williams’s system pairs Enphase microinverters with 250-watt solar panels manufactured by Sharp in Memphis, Tennessee.
“We help customers turn Bitcoins into solar energy, which has a guaranteed ROI,” explained Deep Patel, CEO of GigaWatt, the parent company of GoGreenSolar. “Allowing our customers to use this open-source currency makes solar more accessible and it aligns with our core belief in decentralizing power.”