In a recent article by PRNewswire, PowerScout announced it has secured $5.2 million in funding for technology that lowers the price of clean energy by predicting which homes are most likely to adopt it.

The funding was provided by a mix of private and public sources including the U.S. Department of Energy, which awarded PowerScout a total of $2.5 million in grants via its SunShot Initiative — an effort aimed at making solar cost competitive with traditional energy sources.

“We’re excited to bring the same technologies that are revolutionizing the retail, transportation, and financial services industries to the residential energy market,” said PowerScout CEO Attila Toth. “Today when you go solar through a traditional provider, you often end up paying more to cover marketing expenses than for the panels themselves. By pinpointing which homes are most likely to adopt solar we avoid wasteful spending and pass the savings on to the consumer.”

For those who are curious about clean energy, PowerScout is a new, better way to discover and buy it. For the seasoned local professionals who install PowerScout solutions, it’s a way to grow their bottom lines. For cities, PowerScout helps strengthen the grid and support local economies. When you make clean, renewable energy as easy and seamless as traditional grid power, everyone benefits. At PowerScout, we’re proud to connect the people who want better energy with the people who make it happen.

Read more at PRNewswire.