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4-Traders Homepage  >  Equities  >  Nyse  >  NRG Energy Inc    NRG

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NRG ENERGY : Reliant Solar Solutions Brings Benefits of Solar Power to Homeowners

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06/21/2011 | 04:35pm CET

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.

Reliant Energy
Pat Hammond, 713-537-2157


© Business Wire 2011
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