BlocPower is a Brooklyn-based start-up that has “greened” more than 1,200 buildings in New York City and has similar projects in two dozen other cities. It uses a lease-to-own platform, offering landlords and homeowners green heating and cooling systems, electric appliances and solar panels. It installs the equipment and manages its upkeep. Landlords make monthly payments that cover those costs and offer returns to investors.
The company reports it has reduced building energy costs by 30% to 50% and reduced greenhouse gas emissions by 40% to 70% in current projects. It says it can reduce U.S. greenhouse gases up to 25% in 10 years and recapture up to 30% of the millions of dollars in wasted energy spent.
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