The San Mateo-based clean power provider, which recently merged with Tesla Motors, is offering Airbnb hosts up to $1,000 in cash for installing solar power systems on their rooftops. In addition, Airbnb hosts who are also SolarCity customers will score a $100 Airbnb booking credit.
So, will Airbnb hosts jump at the offer? As Fortune noted on Tuesday, the average cost of installing a solar power system is anywhere from $25,000 to $35,000, so that 1K check may not get many homeowners to budge. Of course, depending on the host’s location, tax incentives can reduce that total. And SolarCity is among the many solar power installers that provide monthly payment options. For those who rely significantly on Airbnb income, but find that other financial benefits are lacking, receiving a thousand bucks in the mail could be enough of an incentive.
Moreover, Airbnb and SolarCity are clearly appealing to millennials by talking up the environmental benefits of investing in residential solar. SolarCity claims the average rooftop solar power system can prevent the emissions of 150 metric tons of carbon dioxide over its lifetime. That amount, SolarCity insists, is equivalent to taking 125 road trips from New York to San Francisco (363,375 miles) or leaving 75 metric tons (166,000 pounds) of coal in the ground.
Meanwhile, Airbnb claims 13 million homes and 36 million bedrooms sit empty on any given night. The company has long made the case that utilizing those empty spaces is both environmentally responsible and an economic no-brainer.
Two years ago, Airbnb commissioned the research firm Cleantech Group to measure the environmental benefits of home sharing. The results were all over the map, from the estimate that travelers from Canada and the U.S. who used Airbnb conserve the equivalent of 270 Olympic-sized swimming pools of water, to the conclusion that room-sharing displaced the emissions of 33,000 cars from North American roads. Airbnb claimed that a survey of its hosts in Europe resulted in even more impressive metrics.
While this promotion is clearly targeted to hosts, Airbnb guests can also sign up. Interested consumers simply enter a code generated by Airbnb in order to start the process with SolarCity.
For Airbnb, this program with SolarCity is another opportunity to repair its reputation, which has been battered over the past year. The company found itself the target of protests over proven allegations of racial discrimination by its hosts. And it hired big D.C. names such as Eric Holder and Chris Lehane in an attempt to rehabilitate its image. In addition, the company’s valuation has earned it the unflattering moniker of a tech “unicorn,” which critics say symbolizes what is wrong with the investment community and the tech sector in general.
Hence this clean energy program can help Airbnb renew its focus on the sharing economy’s core values, starting with sustainable consumption – a much more constructive narrative for the company than its more recent role as the poster child of what is wrong with Silicon Valley.
Image credit: SolarCity
Leon Kaye has written for TriplePundit since 2010, and became its Executive Editor in 2018. He's based in Fresno, CA, from where he happily explores California’s stellar Central Coast and the national parks in the Sierra Nevadas. He's worked an lived in South Korea, the United Arab Emirates and Uruguay, and has traveled to over 70 countries. He's an alum of the University of Maryland, Baltimore County and the University of Southern California.