December 12, 2006
Lowering the Barriers to Solar Power
Citizenre Introduces Home Solar PV Rental Program
Citizenre’s new REnU 25-year fixed rate residential solar electric system rental program allows homeowners in 40 states to choose green energy while eliminating the large upfront investment costs and premiums over power purchased from traditional electric utilities.
Homeowners lock in their electricity rate for 25 years, a strong incentive when compared to grid utilities, whose rates continue to rise. Citizenre Corporation manufactures, purchases, installs, and maintains the solar photovoltaic energy system. Homeowners agree to pay for the electricity generated from these panels, at a fixed rate that is at or below their current rates.
Citizenre is waiving the normal $500 security deposit requirement for customers who sign up for the service by 12/31/2006.
On the web: Citizenre Solar Power Rental
Solar Energy: How Forward Rental Works
A new business model on the clean energy horizon is forward rental. This most often involves an agreement between the homeowner and a full-service solar-electric utility company. Typical terms of these agreements include a medium or long term rental in which the customer agrees to purchase power generated by the panels that the Utility provides. The panels may either be installed on the homeowner’s property, or rarely off site on property owned by the utility company. Perhaps the most notable example of Forward Rental as a business model for a renewable energy utility is the ReNu offering by Citizenre, a Delaware-based PV manufacturer and national utility company.
For those who cannot afford or who choose not to invest upwards of $40,000 into a typical grid connected PV system, forward rental enables homeowners to adopt renewable energy much sooner than they otherwise could, and under the right conditions, at significantly reduced cost compared to a traditional grid utility.
On the web: Citizenre ReNu
December 4, 2006
Welcome to the Green Energy Memo
Welcome to the Green Energy Memo, a blog dedicated to discussion and analysis of renewable energy systems including photovoltaics, wind turbines and solar-passive building techniques. I hope you use the information here to safeguard our environment and save on your energy bills in the process.
Grant
