BlocPower is the story of transforming the way underserved communities use urban energy. In fact, to date, the company has retrofitted more than 1,000 buildings needing new electric installations to replace outdated fossil fuel systems. As of 2024, BlocPower’s projects are expected to reduce CO2 emissions by 45% and create approximately 500 new jobs​ (PitchBook). This approach has only been made possible because the company doesn’t demand an up-front cost from the building owner and, therefore, accommodates sustainable energy even in a socially deprived community.

About the BlocPower

BlocPower is helping create a world in which every home and building can be an opportunity for progress, an engine for change. You will belong to a world where communities are connected—from upgrading your property from one that pollutes to one powering the next generation in the green economy.

They are your one-stop for green home and building upgrades. Whether you are considering upgrading your boiler, furnace, gas stove, or water heater or want to upgrade your property to be more energy-efficient, let BlocPower be your turnkey partner from start to finish. Here is what they will take care of:

• Scope of Work: Control the upgrades you want today or down the line-all on your timeline. You are in control.
• Financing Options: Pay in cash or finance with a lease with no upfront capital. Choose what’s best for you.
• Project Management: They handle the contractors, permits, and incentives needed to get your project done right and at the best price.
• Peace of Mind: Their leases come with twice-yearly maintenance over fifteen years.

Why Lease with BlocPower?

Let’s start with what makes leasing your project and equipment with BlocPower different.

• No Upfront Capital & No Money Down: It requires no upfront capital. Finance with $0 or with a down payment; it’s your call.
• No Property Lien Ever: Unlike traditional financiers who will place a lien on your home, BlocPower will not.
• Low, Predictable Monthly Payment: It leases lock in low monthly rates throughout the term of the lease.
• 15-Year Bi-Annual System Maintenance: The lease will entail the performance maintenance of the systems during the contract period.

BlocPower has ensued as something innovative and producing some social impact. In 2022, it announced a power pact with the Biden Administration in a project of electrifying more buildings to join the national effort to reduce greenhouse gas emissions. They have also managed to attain $63 million in Series A funding, which was headed by investors like the American Family Insurance Institute for Corporate and Social Impact, Kapor Capital, and the Goldman Sachs Urban Investment Group, back in 2021.

BlocPower Projects

The company engages in several building electrification and retrofitting projects that will contribute to the efficiency of energy in the built environment and result in the least carbon emissions in and from the structures to benefit the less and least served populations.

1. Clean Heating for a Beloved Preservation Organization (February 8, 2024)

The Civilian Climate Corps of BlocPower sealed the Historic Ithaca office building and Significant Elements salvage retail store, leaving the homeowner impressed and convinced to transition to heat pumps.

The Results:

• $106,000 Total Project Cost
• $72,000 Saved with Incentives
• $0 Down Payment and an Affordable Monthly Lease Payment for Both Buildings
• 120 Metric Tons of CO2 Saved per Year
• 25% Air Leakage Reduction in the Office Space

It offers building owners a way to finance modern electric heating and cooling systems and access all available energy-based incentives in the process.

2. Leasing a Heat Pump to Replace a Boiler in a Multifamily Building (May 2, 2023)

The 14-unit multifamily building in Brooklyn, New York, tapped the lease payment option of BlocPower to finance a clean-energy solution replacing a failed gas boiler heating system.

It provides building owners with energy incentives and flexible financing for the installation of modern electric heating and cooling systems. Just a few building questions away from getting started—answer a few quick questions about your building.

3. New Owner Finds Heating Solution in Time for Winter (August 24, 2023)

This charming “Buffalo Double” had recently been purchased, with two gas furnaces that needed to go. The new homeowner knew both furnaces would need to be replaced before the brutal Buffalo winter set in.

The Results:

• $28,470 Total Project Cost
• $20,000 Saved with Incentives
• Zero performance issues on the new system during the third snowiest December on record for the city

It can use its expertise to allow you to take advantage of energy incentives for your building. Add flexible financing on top of it, and you guessed it — They’ll be holding the wrench to install that modern electric heating and cooling system for you.

4. Financing Unlocks Comfort Upgrades for Housing Cooperative (June 30, 2023)

The housing cooperative based in Madison, Wisconsin, needed boilers replaced. The non-profit was able to find additional funds for home improvement and comfort. It brought a special financing tool to the table that made boiler replacement and other home improvements very affordable.

Its expertise enables building owners to capture these energy benefits, and flexible financing serves building owners who are ready to take the next step in installing a modern electric heating and cooling system.

5. Landlord of Oakland Apartment Maintaining Tenant Satisfaction (February 16, 2023)

The lifelong West Oakland resident and landlord wanted to remove fossil fuel use on-site in her building and not increase the cost of doing so to her tenants. She partnered with BlocPower to maintain below-market rents while improving health and comfort.

One of these, for instance, is the mini-split heat pump installed by BlocPower, which provides energy efficiency by not using fossil fuel or installing oil and gas water heaters. They also perform building insulation and weatherproofing, all in an attempt to reduce the costs of energy. It specializes in designing and installing air source heat pump systems, having completed energy projects in almost 5,000 buildings since 2012.

If you’re ready to provide your tenants with dependable cooling and heating, then BlocPower is ready to help.

Also Read: What Does Terabase Energy Do?

Conclusion

BlocPower is part of a tectonic shift in urban energy efficiency, targeting buildings that give out great emissions. Focusing on efforts put in underserved communities, the BlocPower retrofits have saved averaging 20-40% savings through retrofitting projects. With the national expansion of BlocPower, impacts will surely rise not only in the reduction of emissions but also in green job creation and economic development within mostly marginalized neighbourhoods throughout the United States.

Also Read: Longroad Energy: All You Need To Know