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Green Mountain Offering Solar Leasing Program
April 28, 2011
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Green Mountain Energy Company has announced a solar leasing program in Texas to facilitate the installation of solar arrays for homeowners.
Green Mountain's Renewable Rewards Solar Lease offers a 20-year lease that includes all installation and maintenance costs. Flexible terms avoid high up-front costs and offer monthly lease payments that can be tailored to individual customer needs.
Green Mountain is offering the program in conjunction with its Renewable Rewards Buy-Back program for excess distributed renewable generation. For the first 500 kWh per month of excess energy, Green Mountain will pay the customer the same per kWh rate as the rate charged for consumption. For any excess energy beyond 500 kWh per month, the buy-back rate is reduced by 50 percent.
The energy offered under the Buy-Back program, for when the distributed generation is not sufficient to cover usage, is 100% Texas wind. The Buy-Back program also has no term commitment.
The solar lease program will also offer customers the ability to track the amount of energy generated by the solar array in real-time online.
Green Mountain is also conducting an affinity program for the Solar Lease program, and will contribute $5 per month to the Big Texas Sun Club on behalf of every Solar Lease customer. Such donations will be used to finance the installation of solar arrays on non-profit organizations across Texas
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