photo: TXU Energy
In The New York Times on Thursday, I wrote about Texas utility TXU Energy hooking up with Silicon Valley’s SolarCity to offer its Dallas area customers the option of going solar:
TXU Energy, a Texas utility with two million customers, is making it possible for homeowners in the Dallas area to lease or buy rooftop solar-power systems in one of the first programs of its kind.
The energy provider said Wednesday that it had signed a deal with SolarCity, a Silicon Valley start-up that finances and installs residential rooftop arrays, to manage the initiative.
“Our vision is to supply solar power to millions of homes and businesses,” said Lyndon Rive, SolarCity’s chief executive. “The only way to achieve this is by partnering with companies that are providing power today. If we can partner with energy providers, adoption will happen much faster.”
Homeowners will sign up for the TXU Energy Solar Program through the utility, and SolarCity will design and install the solar-panel systems. Under the lease program, the owner of a three- to four-bedroom house would typically pay about $35 a month after tax incentives, according to TXU Energy.
SolarCity retains ownership of the photovoltaic arrays and responsibility for their maintenance. The solar-power system could be bought outright for about $26,000, TXU Energy said.
SolarCity will pay a referral fee to TXU Energy for each system leased or sold.
You can read the rest of the story here.