Forbes
@forbes·2.1M subscribers·11.3K videos
This Billionaire Made Green Energy Affordable | Forbes
Posted
October 26, 2022
Views
9,067
Likes
300
Comments
19
Engagement
3.52%
October 26, 2022
9,067
300
19
3.52%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
4:45Now PlayingGoodLeap isn’t exactly electrifying Americans’ homes. Contractors are doing that. But it is making it possible for ordinary homeowners to instantly finance solar installations, paying the cost over 25 years with their monthly utility bill savings, with a little left over each month. “People don’t want to do it unless they know they’re saving money from day one,” Barnard says. “That guy in Dubuque, Iowa, isn’t thinking about how he can lower his carbon footprint, but he is thinking about how he can save $50 a month.”
GoodLeap now finances a market-leading 28% of all home solar installations nationwide, handing out nearly $1 billion in loans each month, enough to cover 27,000 homeowners. It’s gearing up for even bigger numbers, thanks in part to the tens of billions in expanded tax credits for green home improvements Democrats pushed through in August. With only 4% of American homes having made the switch to solar, Barnard points out that GoodLeap has plenty of room to grow.
Read the full story on Forbes
Subscribe to FORBES
Stay Connected
Forbes newsletters
Forbes on Facebook
Forbes Video on Twitter
Forbes Video on Instagram
More From Forbes
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
