Rental homes are lagging behind in the energy transition: less than 0.1% of rental properties have solar, which is about 100x less than owner-occupied homes. This gap is a massive climate challenge, equity problem, and missed economical opportunity.
Why is there virtually no solar in the rental market? Today, split incentives are the key roadblock holding back solar adoption on rentals - rental property owners can't profit from solar when tenants pay energy bills and get the associated savings.
This problem is exactly why we're building Fram Energy, an end-to-end software solution that solves the split incentive issue by empowering solar panel owners to monetize on-site generated electricity via their tenants' energy bills. For property owners, we open up a new income source whilst simultaneously addressing net zero goals. For renters, we lower energy bills and enable access to clean energy. For the planet, we unlock gigawatts worth of emissions reduction.
Fram Energy has raised over $2.5M in venture capital and non-dilutive funding and was named the top U.S. solar startup by The Department of Energy in the 2024 Solar Prize.The product is live, with tenants paying their bills every month through Fram Energy's platform. Fram Energy is a Newlab Founder Fellowship company and a part of Metaprop's proptech accelerator cohort.