The initial cost of installing solar power can make the technology prohibitive for some, so it’s very exciting to see what US corporation Citizenrē is doing for those who would like to install solar panels on their homes, but can’t afford the big outlay. The REnU 25-year fixed rate residential solar electric system rental program is the first to allow homeowners in forty US states to choose green energy while eliminating the large upfront investment costs and premiums over power purchased from electric utilities. The REnU program appears to offer the most attractive terms in the solar industry in the US.
Citizenrē manufactures, pays for, installs, permits, owns, maintains, and operates the solar photovoltaic system installation. All homeowners are required to do is to pay for the electricity generated from these panels, at a fixed rate that is at or below their current electricity price, for up to twenty-five years.
REnU customer benefits include:
1) No upfront investment.
2) No waiting for rebates.
3) No headaches with the city and the utility – Citizenrē handles the engineering, procurement, and construction.
4) Performance-based contract means homeowners only pay for what is delivered and their total electricity cost should be less than or equal to their current electricity bill.
5) Hassle-free operating and maintenance managed by experts.
6) Actual hedge against future utility price increases. Homeowners “lock-in” their electricity rate for 25 years. Most electric utilities are increasing their rates 5% to 30+% every year.
Citizenrē is offering a special introductory promotion waiving the normal $500 security deposit requirement for customers who sign up for the service in December. This makes the move to solar power risk-free and allowing them to cancel their contract at any time at no cost to them. Orders placed in December will be installed in September 2007.