EnergyScore harnesses AI to reduce risk and improve access for populations traditionally left out of financing opportunities.
EnergyScore is a groundbreaking machine-learning algorithm that expands clean energy accessibility while reducing financial risk.
Advancing Social Equality
EnergyScore was initially developed with support from the Department of Energy and data scientists at MIT. In our research, which was published in the National Bureau of Economic Review, we found that EnergyScore is more accurate than FICO at predicting defaults and more inclusive of low- to moderate-income (LMI) households.
In the summer of 2024, Solstice announced support from Google.org to help reconfigure and redevelop EnergyScore in order to prepare the model for application. Through current and past support from Google, Solstice has developed safe modeling procedures and monitoring criteria to ensure ethical and safe use of the AI algorithm at the heart of EnergyScore. Designing a model in consideration of algorithmic bias is essential to safe AI application, and is critical to Solstice’s mission.
During the qualification process, Solstice partners will feed anonymous customer credit profile data into our API.
EnergyScore will use AI to find patterns in a customer's credit profile that FICO alone can't see. Then we’ll use algorithms built specifically for the clean energy space to determine default risk, resulting in a more inclusive and accurate qualification metric for clean energy products.
EnergyScore algorithm will output a number between 0 and 1. This number reflects the customer’s likelihood of not defaulting. For example, an EnergyScore of .90 implies there is only a 10% chance that someone would default.
Leverage EnergyScore to build a more inclusive customer base while minimizing risk – or use it for market research to better understand your potential audience.
Let’s make the most of clean energy together! Fill out our interest form or contact our sales team directly:
Households and businesses sign up online to reserve a portion of a nearby solar farm that matches their energy use.
Solstice assigns subscribers to the project best suited to their qualifications.
Subscribers earn solar credits for their portion of the solar farm’s production, granting them electric bill savings each month.
Households and businesses sign up online to reserve a portion of a nearby solar farm that matches their energy use.
Solstice assigns subscribers to the project best suited to their qualifications.
Subscribers earn solar credits for their portion of the solar farm’s production, earning them electric bill savings each month.
See how it works in a 1 minute video
