Real Estate

BlocPower gets big infusion from Microsoft to convert old buildings to green energy

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In a four-story apartment building in Brooklyn, New York, a very small company is implementing a very big idea: Electrify every building in the United States by leasing landlords the necessary equipment to make the transition.

BlocPower is a Brooklyn-based start-up that has “greened” more than 1,200 buildings in New York City and has similar projects in two dozen other cities. It uses a lease-to-own platform, offering landlords and homeowners green heating and cooling systems, electric appliances and solar panels. It installs the equipment and manages its upkeep. Landlords make monthly payments that cover those costs and offer returns to investors.

The company reports it has reduced…



Source cnbc.com

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