Solar energy start up, SolBid has made it their mission to help schools from the looming educational budget deficit in the U.S. through the use of solar energy.
SolBid is a nationwide solar energy services provider, whose services have a profound economic and environmental impact. The brilliant idea, Brighter Classrooms was conceptualized when SolBid’s co-founders; Nate Raymond and Ian Ricci were mapping out the final iteration of their business model when over lunch talks of education in the U.S. manifested. Educational funding from both federal and state is diminishing, while costs to educate children are rising. This is causing teacher layoffs, termination of critical programs, increased pupil to teacher ratios, and school closures across the country.
“Because of these budget cuts we are taking away critical resources from our children and their teachers are being laid off. These children are our future leaders and something needs to be done. Schools spend an estimated $8billion a year in energy costs, the 2nd largest budget item behind personnel. Instead of cutting personnel costs, why aren’t we tackling energy costs? Now there’s an idea!” –Nate Raymond, CEO
The two co-founders found themselves in a situation where they could make an impact. SolBid’s solar solutions harvest energy from the sun to produce electricity, are virtually maintenance free, have an average life span of about 30 years, and can offer a return on their investment in little as 4-5 years. Beyond the economic benefits, solar is also a clean energy source that can help offset the use of damaging fossil fuels that release toxic carbon dioxide and mercury emissions that lead to harmful pollution and climate change.
What better than the use of solar energy on schools to reduce operational costs, alleviate budgets and help foster a better education for our children all while saving the environment.
So the men have vowed to take their patronage further by creating a business model which includes donating a portion of SolBid’s sales revenue for the life of the company to an initiative they are calling, Brighter Classrooms. Through this program SolBid will provide solar energy systems to disadvantaged schools across the U.S. and have them installed by local solar installers, generating yet another positive effect on the economy in the school's surrounding area.
The school in turn will receive up to 30 years’ worth of free, zero-emission electricity generated by solar, saving school districts a tremendous amount of money. This will allow schools to funnel more dollars directly towards the education of our children, and potentially save a number of teachers from unwanted layoffs.
The vision of Brighter Classrooms is to free up school budgets and in return helping schools provide a better education for our children while at the same time reducing our carbon footprint and saving the environment.