In recent decades, service-based business models have gained popularity across a wide variety of traditional product-based industries. As a result, we can talk about EaaS (Energy-as-a-Service), a business model where customers pay for an energy service without having to make any upfront capital investment.
Energy services include a broad range of energy solutions, including energy supply, power generation, energy savings projects, etc.
EaaS, such as any other service-based model, can greatly benefit both the producer and the customer. Whereas the producer experiences a steady revenue stream, the customer obtains an increased product value and accessibility through financing.
This is because EaaS can make better technology more accessible for the public, while the customer avoids expensive upgrades or management of devices.
EaaS that provide solar systems can be called Solar-as-a-Service. These EaaS offer a solution for customers who might otherwise be put off by the expense of solar systems. EaaS solutions can overcome those barriers while providing two highly sought-after advantages: electricity cost savings and environmental benefits, all without the need to pay a high price for the system.