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TXU Energy Partners with SolarCity to Introduce North Texas’ Most Affordable Solar Power Option

Wed, 02/24/2010 - 11:09am
DALLAS (BUSINESS WIRE)--For less than the monthly cost of most cell phone plans, many North Texans can now use renewable solar energy to help power their homes.

TXU Energy’s new solar program, in cooperation with SolarCity, a national leader in solar financing, design, installation, monitoring and related services, will provide North Texas homeowners with solar power systems that can allow them to save money on energy costs from day one.

The program will include a solar lease option that includes installation, monitoring, repairs and insurance for a low monthly fee.

As an example, a 4-kilowatt residential solar system, appropriate for a typical 3 to 4 bedroom home, would initially cost approximately $35 a month, with no upfront cost. Customers could purchase the same system outright for $26,000, not including rebates or federal tax incentives. The new solar program is only available in Texas through TXU Energy.

“Texans want affordable renewable energy choices, and we’re providing them the choices they want at a cost they can afford,” said Jim Burke, CEO of TXU Energy.

“We all have a vested interest in our shared environment,” said Rep. Rafael Anchia (D-Dallas). “I applaud TXU Energy and SolarCity for taking the lead to provide Texans with clean, renewable power.”

“Our solar lease provides North Texas homeowners the ability to adopt clean power for less than they previously paid for electricity, and save money from day one,” said Lyndon Rive, CEO of SolarCity. “We expect this offer to significantly increase the adoption of solar power in Texas.”

“Texas is leading the nation in alternative energy sources. Solar power is an excellent source of energy but making it affordable has been difficult until now,” said Rep. Linda Harper-Brown (R-Irving). “With the help of TXU Energy, the citizens of North Texas will be able to afford solar power and will have another option to lower their energy bills.”

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