Austin Entrepreneur Network

Affordable Solar Power Arrives in Texas

TXU Energy partners with SolarCity to introduce North Texas’ most affordable solar power option

Here comes some great news for clean energy in Texas: 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 partnered with SolarCity to introduce a very affordable solar power solution – solar power systems that can allow homeowners to save money on energy costs from day one.

The TXU Energy’s new solar 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 3-4 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.

“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.”

“Today marks a new chapter in bringing renewable energy to Texas on a mass scale,” said Jim Marston, founding director for the Texas office of the Environmental Defense Fund (EDF).  “Thanks to leading companies like TXU Energy and SolarCity, advancing sustainable energy practices is taking a big step forward today.”

For more information, North Texas residents can call 877-TXU-SOLAR or go online at www.txu.com/solar.