Nelnet, a leading student loan service, recently announced Nelnet Renewable Energy. The new business steps away from student loans and offers community solar subscription services, including the acquisition and management of new solar customers. Nelnet Renewable Energy is intended to help promote the expansion of community solar to help states like Nebraska reduce carbon emissions.
Launched in June 2020, Nelnet Renewable Energy was created by Nelnet to expand the use of renewable energy by providing developers with subscribers. By using Nelnet’s community solar subscription service, developers will be able to attract more homeowners, businesses, and renters that can’t or don’t want to install solar panels.
To draw subscribers in, Nelnet utilizes a multi-faceted marketing plan and educational content to provide to potential customers. Some of its perks include adhering to preset timelines, ensuring projects follow local laws and guidelines, and follow state and federal-level criteria for acquiring new subscribers.
It also offers enrollment options for all types of households and customer engagement after sign-on. Developers will have less of a burden as Nelnet Renewable Energy will also handle billing, payment processing, customer service, and coordination with local utilities. The community solar developers can sit back and watch their finished projects grow without the need for a hands-on approach.
Jeff Noordhoek, Nelnet’s CEO, spoke about the community solar subscription service and Nelnet Renewable Energy. According to him, Nelnet can now play an important role in the expansion of clean energy projects. Acquiring new subscribers brings in more funds for future solar projects. Noordhoek confirmed the potential return on managing community solar projects, calling it an opportunity for growth for developers and investors.
Nelnet Renewable Energy is moving forward with the subscription service with a primary focus on protecting customers. Those that sign up will benefit from Nelnet’s perks, which make the process of community solar painless for both the developer and subscriber.