Citizenrē's REnU: A Solar Service System for Homeowners

A few weeks ago, we took notice of General Motors' solar panels: GM doesn't own them, but provides roof space to the company that does, and then buys cheaper solar electricity through a "solar service system" model. Now, that opportunity is available to homeowners who live in the many US states that have a net metering law. The Citizenrē Corporation, a newcomer to the renewable energy market, has introduced its REnU program, which allows homeowners to purchase solar energy for their homes without making any investment in a photovoltaic array. The company's literature describes the program this way:

Citizenrē REnU program packages solar power for you in a simple and smart way. Plainly put, the Citizenrē Corporation pays for, installs, owns and operates the solar installation. You don’t have to worry about maintaining the equipment or any of the other concerns that come with making an investment into solar power. All you are required to do is pay for the electricity generated from these panels, at a fixed rate that is at or below your current electricity price, for up to twenty-five years.
This is a win-win on so many levels: the company creates long-term revenue in return for providing equipment and maintaining it. Customers get a long-term fixed rate on their electricity, some protection from black-outs (obviously, the sun's got to be shining), and a chance to green their electrical use without taking out a second mortgage. Even with the tax incentives offered nationally, and in many states, this has got to be a more affordable option for many. Additionally, Citizenrē creates an additional revenue stream by limiting themselves to markets with net metering, as they can sell any excess power generated to the local utility. With interest in home-grown energy at an all-time high, it's difficult to imagine this program not succeeding. ::Citizenrē REnU

Tags: Energy


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