Last updated Mar. 15, 2023 by Charles Zemub
You will learn in this article how a new firm known as Arcadia Power may assist you in reducing the amount of money you spend each month on your electric bill. The best part is that in addition to saving money on your water bill, you can also be able to contribute to the protection of the natural world.
According to Business Insider, Arcadia Power assists consumers in obtaining a better bargain on their energy costs and using greener energy sources. Because the service is so dependable, in point of fact, Amazon has formed a partnership with Arcadia Power to sell and install smart home kits.
After clarifying the basic information, let’s discuss how Arcadia Power operates. Here is an explanation video that Arcadia Power provided.
Simply put, when you sign up as an Arcadia Power client, Arcadia Power will purchase RECs on your behalf, ensuring that a portion of your power comes from renewable energy sources.
Just know it’s not working if you’re concerned that it sounds like it. You keep your existing power supplier when you join up with Arcadia Power. Regardless of your current electricity provider, you will keep using them. Other than setting up your Arcadia Power account, nothing more is required of you.
Dashboard powered by Arcadia
Access to a far better online dashboard is an additional benefit of joining Arcadia Power in addition to the environmental advantages. My energy company’s web dashboard has probably been seen a few times in my life. Still, the Arcadia Power dashboard provides so much information that I return to it.
But remember that you can still go to your power provider and check your regular dashboard, so it’s not like you lose access to what you already have. You are simply adding a new dashboard with much more valuable information by joining Arcadia Power.
Joining Arcadia Power might make sense if you want to support sustainable energy. Arcadia Power made a lot of sense when they had their free plan, which was completely free to use. You’ll have to determine whether this is something that makes sense for you at $5 per month. (I said in the original version of this piece that the free plan probably wouldn’t exist indefinitely; it seems that I was correct.
One thing to remember is that Arcadia Power pays your power bill as soon as it is received, which isn’t really an issue, in my view. As a result, some customers may pay their power bills a bit earlier than usual.
This isn’t a major issue for most of us, but if you want to pay your bills on a certain day of the month, you may want to consider this. This won’t matter if you’re using a credit card to pay your payment since, like most people, you probably simply pay your credit card bill on the same day each month anyway. This is because using a credit card is free.
Since Arcadia Power created a “delay payment” feature that enables you to move your payment date to a later date, I believe they were also considering this problem. Although I haven’t utilized this option since I seldom need it, knowing it is available is comforting.
You don’t need to worry about doing business with a sketchy organization. Arcadia is a trustworthy business with a strong 4.8 Trustpilot rating. According to a 2019 estimate, they have more than 300,000 subscribers. J.P. Morgan sponsored a $200 million financing round in May 2022, giving the business a $1.5 billion valuation.
Arcadia will charge you a fee of $5 per month after providing you with a free trial period of 30 days. Although a part of the price is used to acquire RECs, Arcadia is a for-profit company that operates its operations. Additional sources of income for Arcadia include:
- Making money via the connection between you and community solar power initiatives.
- Sales of items that they collaborate with other companies to produce, such as the Nest thermostat.
Arcadia Power provides no electricity service. They cannot completely replace your power with renewable and clean energy sources. You can invest in green energy via the organization, but you will not obtain solar panels for your home or a direct link to a wind farm due to your investment.
All advantages are obtained in a roundabout way by using renewable energy sources. Despite signing up for the service, the electricity delivered to your house by your community’s utility company is identical to the energy delivered to your home after you become a customer of Arcadia Power. Therefore, there will be no change to your monthly power cost.
Arcadia Power allows customers to support wind farms via the use of wind energy, solar panels through the use of solar power, and other sources of renewable energy that have the potential to have a good influence on the future. Despite this, we are still of the opinion that you should join Arcadia Power.
It depends. This question has a yes-or-no response option. Arcadia’s community solar program is a solution with assured cost savings. You won’t have to pay anything to sign up, there won’t be any commitments, and you’ll earn guaranteed savings off your bill, most likely ranging from 5 to 10 percent.
Participants in the wind energy program must pay a monthly charge of $5. The quantity of energy you consume will “retire” renewable energy credits (RECs) that have been acquired on your behalf from wind farms in exchange for this cost. Your account will not be adjusted to reflect any credits. If you decide to join Arcadia, you must pay a higher fee.
The Regular plan is the category that most customers are automatically qualified for, making it the least costly plan overall. In addition to the monthly payment for the electricity bill, you will also be required to pay the monthly flat charge for your Arcadia membership.
At this stage, all your energy use is matched up with renewable energy sources. You won’t have to pay any further money, regardless of how much power you use. The biggest distinction between this plan and the one that comes after it is that you won’t be responsible for paying your monthly energy bill anymore. Arcadia will pay your bill and subtract the membership fee before sending it to you.
Good Read: How to save money on utilities this winter
In the event that your electricity goes out, please get in touch with your local utility company as soon as possible. The power lines used to provide electricity to your house are still owned and maintained by the local utility company.
After contacting your utility provider, please remember to keep your refrigerator and freezer closed to ensure the greatest possible preservation of food and to throw away anything that you believe may have gone bad due to the power outage.
Turn off the power to your home’s gadgets and appliances to prevent harm from electrical surges. Be cautious when driving since power outages may have caused the traffic signals to malfunction. Stay away from fallen power wires to limit the fire risk, and use flashlights rather than candles.
Frequently Asked Questions
Arcadia often obtains rates at a lower cost than an individual could. According to the prior rates they paid, some families in qualified states may save a lot of money.
Arcadia is a trustworthy business with a strong 4.8 Trustpilot rating. According to a 2019 estimate, they have more than 300,000 subscribers.
Yes, Arcadia is a legitimate business with a 4.8 out of 5-star rating on Trustpilot. As of 2019, it was stated that they had more than 300,000 subscribers.
4. How does Arcadia community solar work?
When you become a member of a community solar farm, you become a subscriber to a percentage of the farm’s energy. Your share is determined by how much energy you consume on average each month.
5. How do I cancel Arcadia Power?
For details on terminating your Arcadia Power membership, see the guidelines above. You may also go through our directory for instructions on how to end subscriptions to other well-known services.
6. How does Arcadia Power make money?
People like you who are interested in supporting sustainable energy are sought by community solar farms, who pay Arcadia to locate them for their farms.
7. Does Arcadia Power cost more?
Arcadia Power cannot directly reduce your power cost unless you reside in a deregulated state and the firm assists you in locating a better rate for your energy supplier.
8. Where is Arcadia energy located?
Arcadia may be found in Washington, which is situated in the District of Columbia in the United States.
You may not find Arcadia a worthwhile investment if you don’t care who produces your electricity and don’t have access to price notifications. However, according to customer reviews, Arcadia is an excellent alternative if you’re interested in sustainable energy.
Even if you have solar panels, there are times throughout the day when you might benefit from Arcadia’s grid-tied electricity. And if you live in a region that supports price notifications, it’s a great strategy for saving money. Don’t forget that Arcadia is footing the bill every month. If you’ve never set up automatic payments previously, this might take some getting used to.