Problem

Solar is poorly suited to rental properties because landlords typically pay the substantial upfront cost of installing panels while tenants receive the electricity savings. The core “split incentive” becomes especially painful when a homeowner moves out and rents the property: the owner has no straightforward way to bill tenants for the solar energy or recoup the investment. Traditional workarounds, such as flat fees or raising rent, can make the property less attractive and frustrate tenants. Wand’s primary use case is therefore the rental-property owner who has installed, or is considering installing, solar but needs a fair way to monetize it.

The opportunity is economically meaningful because Wand cites rental properties as accounting for 55% of U.S. electricity use, while solar adoption in rentals remains very low. Its thesis is that fixing the billing problem can unlock substantial underused rental-property solar capacity while allowing tenants to access clean energy at an understandable price.

Product / Service

Wand Solar is a utility-style solar billing platform for landlords. An owner adds a property and connects its solar system; Wand tracks tenant solar consumption in 15-minute intervals, calculates the monthly charge using the relevant utility rates and tariffs, and produces a transparent, itemized bill. Tenants receive a familiar bill covering solar and grid electricity, while landlords receive the solar proceeds, reportedly by wire transfer. Landlords can also choose to offer a fixed or percentage discount on the solar portion of the bill.

The delivery model is revenue sharing rather than an upfront software charge: Wand says there are no upfront platform costs, and its FAQ states that it charges 10% of the bill collected for tenant solar usage. The platform is intended to turn unused roof space into property income, improve the landlord’s solar ROI, and give tenants a fairer alternative to arbitrary rent increases or fixed energy fees. Wand also partners with certified installers, extending its service from billing into helping property owners assess, install, and optimize solar systems.

Market

Wand competes in the emerging market for solar monetization and utility-style energy billing for rental and income properties, sitting at the intersection of climate software, distributed-energy management, and real-estate technology. The company targets landlords, real-estate investors, and solar installers; it says the U.S. has more than 14 million rental properties and that its billing solution helps installers reach a market they have historically struggled to serve. Energy311 appears to be a close comparable because it likewise helps property owners sell solar power to tenants and generates custom, transparent tenant bills. Crunchbase also lists Arcadia, GoodLeap, and King Energy as possible alternatives, although these are broader adjacent comparables rather than necessarily identical products.

Wand does not appear to be pre-revenue based on the available public evidence. Its YC profile lists it as an active company founded in 2023, and the company has a live signup and launch presence, installer-partner messaging, and customer testimonial material. A third-party GetLatka profile estimated 2025 revenue at $880,000, but that figure is not an official company disclosure, and the same source says it does not have customer-count information. The clearest conclusion is that Wand has launched and is generating at least some reported revenue, while the scale and depth of customer traction remain opaque.