While some utilities are trying to gut their residential solar programs and focus instead on large-scale solar projects or not even going after solar at all, Houston’s Reliant Energy and its parent NRG are ramping up their offerings—and promising their net-metered customers savings.
Under the offering NRG’s NRG Residential Solar Solutions is offering customers an option to go solar with a fixed-price lease during throughout the solar panels’ lifespan of 20 or more years. The utility will also offer customers a $10 per month credit on their NRG Residential Solar lease as long as they remain a Reliant customer. In that market customers can choose their energy providers.
“NRG and Reliant are excited to provide a practical, cost-effective solution for consumers in North Texas,” said Elizabeth Killinger, president of NRG Texas Retail and Reliant. “This is the first solution we are offering to Texans that gives them the freedom to generate their own clean energy and take advantage of incentives currently available that can provide cost savings of more than 30 percent.”
NRG explained savings calculation is based on the average lease cost for a 5.5 kilowatt solar photovoltaic array offered through NRG Residential Solar Solutions. It also includes the savings offered through the Oncor solar incentive, which offers residents and commercials entities a rebate of $538.79 per AC kilowatt and a performance-based incentive of 41 cents per AC kilowatt hour produced by the array.
Reliant also offers those customers net-metering, through its Solar Sell Back plan, allowing them to sell electricity back to the grid. There’s no set figure for that program however, because Reliant bases its payments on the price of natural gas each month.
Across the country NRG has been increasing its use of and ownership of solar power, helping people install solar on homes, installing solar on sports stadiums, commercial buildings and owning some of the world’s largest solar installations. The company anticipates that solar power and natural gas will increasingly be used on peoples’ homes in the next two years, according toe the Dallas Business Journal. In fact its CEO David Crane told the journal it’s easier and cheaper for homeowners to generate their own electricity with solar and natural gas and he anticipated that starting in the Northeast people will start decoupling from the utilities.Tweet