EcoCompass empowers the average homeowner to take part in the consumer response to high energy prices and adverse effects on our environment. Renewable energy products of the future are quickly becoming a present-day reality as technological, economic, and political forces drive this innovative industry. Motivated by increasing product efficiency, declining product costs, and continuing government incentives, new segments of consumers will begin purchasing more energy efficient and renewable energy products to install in their own homes and use in their businesses. These products, however, remain difficult for consumers to research, compare, purchase, and install; creating a significant informational barrier that limits mass adoption by consumers. EcoCompass addresses this barrier by providing a platform on which consumers can knowledgeably purchase the best-suited renewable energy products in a step-by-step fashion while bypassing today's product liaisons and their costly conflicts of interest.
EcoCompass strives to become the trusted online consumer marketplace for energy efficient and renewable energy products. These products include energy generating equipment (solar arrays, wind turbines, etc.) and energy saving devices (power meters, efficient appliances, insulation, light bulbs, and more) designed to reduce household energy consumption.
The EcoCompass platform connects consumers with manufacturers and installers to create a novel end-to-end renewable energy solution currently offered by no existing competitor. First, consumers can perform an energy self-audit, in which they will be asked a series of simple questions through an intuitive user interface, allowing EcoCompass to understand their energy goals. Consumers can also opt to have a certified Energy Auditor come to their home to do an onsite hone energy audit. Consumers can use the summary of their audit answers, as well as other easy-to-understand informational resources on the site, to learn about their personal energy consumption habits. Next, consumers receive product recommendations from an extensive listing of leading manufacturers offering competitive pricing. After purchase, consumers' installation projects will be listed for bid by a number of LEED certified, licensed local installers. These installers are able to register their company profiles with EcoCompass and bid on projects for free, ensuring a large volume of service providers to offer consumers competitive pricing and ample choice. Finally, the site's tracking and reporting tools allow consumers to calculate their products' return on investment after installation is complete.
These marketplace transactions are powered by proprietary EcoCompass algorithms that incorporates criteria such as:
- Consumer's geographical area
- Consumer's ability to participate in Net Metering with local utility
- Type of energy product
- Price of product compared to return on investment
EcoCompass's unparalleled end-to-end solutions simultaneously appeal to consumers, manufacturers, and installers, allowing the Company to capture a large portion of a rapidly growing market. While initially focused on individual homeowners and small business owners, the EcoCompass platform will be expanded over time to provide similar services for larger sized commercial, industrial, and governement properties.
EcoCompass is dedicated to building the tools necessary for anyone to navigate their way to energy independence.