On the summer solstice, the day of the year with the most daylight,
Reliant Energy launched Reliant Solar Solutions, a program that combines
flexible leasing options with unique solar electricity plans to bring
the benefits of residential solar power to Texas homeowners.
"Reliant Solar Solutions gives customers more control over their energy
costs now and in the future," said Shirley Rouse, Vice President,
Innovation, Reliant Energy. "Our flexible leasing options let customers
choose how much money they want to put down and even gives them the
option of pre-paying their lease. In addition to guaranteed annual
electricity production from the system, we help our customers get the
most from the sun with unique and flexible plans that pay customers for
any extra electricity they produce."
The Reliant Solar Lease Program offers the benefits of home solar
electricity without the high upfront costs of directly purchasing a
system. Customers can choose how much they want to put down and even
pre-pay their lease to lock-in a portion of their electricity costs.
Reliant's solar leasing option takes the risk out of residential solar
by guaranteeing the electricity production of the system, covering
repairs for the life of the lease and providing a network of
professional installers. Each lease is customized to the individual
homeowner based on a number of factors, including the size of the
system, geographic location and electricity usage.
Reliant also offers its customers two solar electricity plans, the Reliant
e-Sense? Sell-Back Plan and the Reliant Sell-Back Plan:
Reliant e-Sense? Sell-Back Plan - uses data provided by
the customer's smart meter to offer on-peak and off-peak pricing. The
plan has a single peak pricing period from 9 a.m. - 4 p.m., daily,
which coincides with the time when solar panels produce the most
electricity. All other times are off-peak. The sell-back price is the
same as the energy charge for the first 500 kWh returned to the grid.
Reliant will pay 5 cents per kWh for any additional electricity
produced by the customer.
Reliant Sell-Back Plan - provides price security for 12 months
plus Reliant purchases any surplus electricity the customer produces.
Reliant provides a bill credit for the first 500 kWh of excess
electricity that the customer generates at the full retail energy
charge and pays 5 cents per kWh for any additional electricity that is
returned to the grid.
About Reliant Energy
Reliant Energy provides electricity and energy services to more than 1.5
million retail customers--including homes, small and large businesses,
manufacturing facilities, government entities and institutions across
Texas. The company also offers service to commercial, industrial,
governmental and institutional customers in the Northeast and is
expanding to offer service to residential customers in the region. As
part of NRG Energy, Inc. (NYSE: NRG), Reliant Energy is backed by one of
the nation's largest power producers. NRG owns and operates 25,000
megawatts (MW) of generation capacity, including more than 11,000 MW of
capacity in Texas. For more information about Reliant Energy products
and services, visit www.reliant.com.
Pat Hammond, 713-537-2157