Fintech partnership to boost household solar

Data intermediary Adatree has entered a partnership with energy software company Accurassi to help Australian households securely and easily transition homes to zero carbon by providing personalised and accurate data on how many solar panels are needed to offset a household’s current energy consumption.

Accurassi works with energy retailers, governments and banks to estimate the potential savings for households looking to install solar, along with estimated payback period and recommended optimal solar system size. This is all possible without manual bill uploads and assessments now that the company has partnered with Adatree, which supplies the technology that helps directly connect Consumer Data Right-protected data with the Accurassi solution.

Amid unprecedented energy price increases, Australians are looking for alternatives to electricity like solar panels and batteries. Finding suitable programs, understanding power bills and estimating solar needs is complicated and often inhibitive to switching to solar. Adatree and Accurassi’s joint solution aims to leverage regulation and technology to make the process easier.

Through the Australian Government’s regulated data-sharing regime the Consumer Data Right (CDR), consumers can now consent to sharing their energy usage data via Accurassi’s Instant Solar Evaluation tool — which analyses a household’s energy usage and provides real-time assessment of solar and storage requirements, and suitability for a customer’s property.

When ‘Open Energy’ launches under the CDR on 15 November, Accurassi will be able to digitally access meter energy data from a consumer to guide them on their transition to solar energy, and in doing so, give lenders the opportunity to help consumers looking to transition to renewables through green finance offerings.

“Open Energy going live couldn’t come at a better time as non-renewable energy prices are skyrocketing,” said Adatree COO Alex Scriven. “As households search for more cost-effective and sustainable options to power their homes, the solar market will be critical. Now, consumers have a solution to help them accurately understand and determine how many solar panels they need to offset their energy use and significantly reduce their energy bill costs.

“The industry has been anticipating Open Energy to go live under the CDR. It is very exciting that from Day 1, major energy retailers will be ready to go live and connect third parties with consumers’ consented energy data to make their use cases a reality. At Adatree, we’re thrilled to be helping organisations securely access consumer energy data to provide better solutions and competitive offerings for Australians.”

“We are excited to work with Adatree to access CDR energy data so we can provide the mechanisms and benefits of Open Energy to our customers,” said Accurassi CEO Ross Sharman. “This transition is a much more accurate, easy and secure way for consumers to provide their energy data than manually uploading a bill to our platform. In doing so, consumers are also able to access the advantages of open banking to determine their credit worthiness in applying for a green loan.”

Image credit: iStock.com/Nastco