Sunrun has teamed up with Think Energy, a subsidiary of ENGIE Resources, to offer its residential solar services in Texas. The companies will offer homeowners options including purchasing, leases or other financing options for rooftop solar installation combined with a 20-year virtual net-metering agreement.
Sunrun is launching its first office in Texas in Houston, covering that region and has plans to expand to other cities in the state by the end of 2017. “We know well the power of the sun in Texas and are excited to create a new option for homeowners in Houston and other Texas cities by working with Sunrun,” said John Henderson, head of Think Energy. “Combining rooftop solar with, when needed, grid power at a transparent, fixed rate is a great demonstration of Think Energy’s commitment to make it easy for customers to integrate renewable energy into their daily lives.”
Through its partnership with Think Energy, Sunrun is entering a solar market that has seen the price of solar decrease 64 percent since 2011. It’s also expected that Texas will add 5.7 gigawatts of solar over the next five years, making it second among US states for projected growth, according to the Solar Energy Industries Association’s annual US solar rankings. Already Texas has 136,000 homes powered by solar, ranking it sixth overall for solar rooftops. That’s despite not having statewide net-metering policies in place.
“Solar is a win-win for Texas. Texas homeowners benefit from solar costs being at an all-time low giving them greater control over their energy and all Texans win from solar energy’s ability to contribute to the grid clean renewable energy when temperatures are at their highest and so is demand for energy,” said Lynn Jurich, CEO of Sunrun. “We look forward to working with Think Energy by ENGIE to give Texas homeowners a choice to better control their electric bills and demonstrate the value of distributed energy resources in meeting Texas’ energy infrastructure needs.”
Sunrun’s Texas expansion means more jobs for the solar industry and related sectors in the state. The state had 9,396 solar jobs at the end of 2016, ranking it third for solar jobs in the 2016 National Jobs Census report but The Solar Foundation. As solar capacity increased throughout the state, the solar job market grew 127 percent between 2013 and 2016 and 34 percent alone in 2016.Tweet