Can Arcadia Power help you save money? Is Arcadia Power legit? Can you get clean energy cheaper than the price you’re paying today?
As someone with a green thumb, the concept behind Arcadia Power piqued my interest. Not only could I use clean energy but I could save money.
What’s not to like?
But of course I had questions.
So, I signed up myself and put together this Arcadia Power review to answer my own and reader’s common questions.
Let’s dive in.
Arcadia Power Review
What Is Arcadia Power?
Arcadia Power is a company attempting to give consumers throughout the country the option to pick clean, renewable energy. They want to link you up with renewable energy while not impacting your bottom line, or at least keeping any increased costs as low as possible.
To do that, they offer consumers the chance to use better software to manage their utilities.
Where Does Our Electricity Come From?
All sources of power eventually end up in the same place – the national energy grid. All that power gets mixed together. Right now, approximately 13 percent of total energy that goes in the grid comes from renewable sources. Arcadia Power’s goal is to increase that.
On its end, Arcadia Power purchases energy from clean, renewable sources such as wind farms. When buying that clean energy, Arcadia Power earns Renewable Energy Credits (RECs), which is a designation given to green energy sources. And then those RECs are sold by Arcadia to its customers.
So how do they get that clean energy to you?
The most transparent answer is that they don’t. You’ll still be using the same power source you were before you signed up with Arcadia Power. But those RECs allow you to cancel out your carbon footprint from buying not-as-clean or renewable energy from your utility provider.
Those RECs help increase the demand for clean energy sources and it puts more clean energy into the grid. And if you’re concerned as a consumer about that 13 percent of renewable energy being too low, this is a good way for you to do your part to increase that.
Arcadia Power gives the ordinary citizen a solution if they want to pitch in for clean energy while not having to take more drastic steps like putting up solar panels in their yard.
Arcadia Power Membership Options
Anybody can sign up for Arcadia Power membership. But which plans you are eligible for depends upon your location. Even if you don’t qualify for any other membership plans, you can still get the Evergreen membership.
Here are your choices:
- 50 percent Renewable Energy (The Free Plan)
- 100 percent Renewable Energy (The Premium Plan)
- Evergreen Plan
Is Arcadia Power More Expensive?
It depends – this answer can be yes and no.
You won’t see a change on the freemium plan.
With the premium plan, though, you will pay 1.5 cents more per kWh. Your energy will be slightly more expensive, but if it’s important for you to use renewable resources, you might decide that’s fine with you.
Can Arcadia Power Save you Money?
Arcadia Power can save you money. With the freemium plan, you get access to the Arcadia Power dashboard and services like Price Alerts.
Price Alerts is a valuable tool because it can help you find a lower energy rate plan in your area. That’s not always easy to find on your own because local utility companies are often monopolies who don’t offer the best customer experience.
The Price Alerts tool is available in states that have deregulated energy. This program checks out the energy market where you live and finds the lowest rate it can. Once that rate is located, you’ll be notified through email.
What Arcadia Power is trying to do is replace a lot of the software tools customers need to save money on their energy bills. That will help put you in the driver’s seat when it comes to your bill.
The goal with the premium plan is again to save you money. However, you’ll be paying a slightly higher rate for energy.
- Related: How To Save Money On Utilities
How Does Arcadia Power Make Money?
Like many companies, Arcadia Power has a freemium type business model. That kind of model is common in the software field, but not in the utility industry.
So while you’re free to join whichever plan you want, Arcadia Power’s ultimate goal is to get you on the 100 percent plan.
But it’s not the only way they earn. They also make money by:
- Taking a small percentage of the savings when they find you a better provider with Price Alerts.
- Earning commission on renewal energy credits.
- Earning money by connecting you to a community solar project.
- Sales of products they partner up with like Nest Thermostat.
Arcadia Power Pros & Cons
Like any other service, there are good things and not-so-good things about Arcadia Power.
- Can help you find a lower energy rate if located within a state with Price Alerts: A lot of people still don’t understand they can shop for a better energy rate, much the same way they would with insurance. This is a great feature for people who want to check out their money-saving options while supporting clean energy.
- Increasing demand for renewable energy: A lot of people would like to support renewable energy, but they don’t know how to do it. This gives them an easy way to help that doesn’t take up their time. There’s just a quick sign-up process.
- Cheap way to make a difference compared to solar panels: You’ll reduce your carbon footprint for almost no cost. And not everybody is a fan of how those giant solar panels can look looming near their house.
- The free plan allows for 50 percent of your energy sources: That gives you the chance to make a respectable difference without paying more per kWh.
- Gives you an easy-to-see dashboard: The tools are light years ahead of the tools provided by my local utility company. If you’re an online type of person who loves using cutting-edge tools, this will be a great perk for you.
- Can save on credit card transaction fees: A lot of utility companies charge fees to their customers who pay with credit cards. That can be a nuisance for people who like the ease of paying with credit cards. If you have a cash back credit card or trying to earn a credit card bonus, you can earn money back for paying your bill each month. That can help offset the extra 1.5 cents per kWh, if you go with that plan.
- Free to cancel: You won’t be locked into a long-term membership or have to pay a fee if you change your mind about the membership.
- Plans will change based on where you live: Not everyone will qualify for the plan they want.
- The premium may have you paying slightly more: Your base rate per kWh will go up slightly. That’s only a con if you are thinking in terms of dollars and cents, not if you’re thinking for the overall good that you’re doing for the planet.
- The company’s goal is to upsell you to the premium plan. You don’t have to sign up for that one, of course. But keep in mind that’s what they’re after.
- They only offer auto-pay options: If you’re cutting it close on having enough in your bank account to pay your bill, you can delay your auto payment with a three-day grace period. The bad thing is you have to take extra steps to do so.
Is Arcadia Power Legit?
If you’re worried about doing business with a fly-by-night company, you can relax. Arcadia Power is a legit company, with a solid 9.1 rating on TrustPilot. They have over 175,000 members and do business in each of the 50 states.
So, the big question is, should you switch?
That depends upon you and your values.
That decision can only be made by looking at what’s important to you.
- If clean energy is important to you, make the switch at least to 50 percent. Look to see if the premium plan is right for you. If not, you can still feel good about the part you’re taking in popularizing clean energy.
- If saving money is more important, there’s no reason to check out the premium plan. However, consider the free plan if you like the dashboard.
Even if you don’t switch, still consider shopping your electric or gas provider.
It’s an easy way to save money. There’s no reason you should just blindly take the deal your local power company offers you without making a few quick phone calls to check out your options.
Here is a list of states that have deregulated electricity:
- New Hampshire
- New Jersey
- New York
- Rhode Island
Here are the states that have deregulated the gas market:
- New Hampshire
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Dakota
- West Virginia
Although it’s not a state, it’s worth noting that Washington D.C. has deregulated electricity and gas markets.
At the end of the day, I decided not to join the Evergreen option, which was the only option available to me.
If the free plan was available, I would have signed up in a heartbeat. I really like the concept and was excited to check it out and learn about it.