In Texas, even the incentives for solar adoption are bigger. Power retailer TXU Energy and SolarCity, a solar and energy efficiency provider, have joined together to create a $5 million incentive fund to encourage solar adoption in the Lone Star state.
Here’s how the program works: $1,000 apiece will go to the first 5,000 customers who sign up for the offer, which is available immediately in the Dallas-Fort Worth area. The companies say their partnership offers services such as: system design, financing, equipment, installation, insurance, monitoring, warranty and a guaranteed amount of solar power production. TXU and SolarCity launched their first residential solar lease in February of last year.
Jim Burke of TXU and Lyndon Rive of SolarCity said their companies are focusing on bringing affordable solar to Texas at competitive prices. With the new incentive fund, the companies hope, more customers wil turn to solar and soon realize savings on their total electricity costs while also doing good by the environment.
This new incentive is part of string of innovations by TXU intended to help customers better manage energy use and control expenses. In April, TXU unveiled an online energy tool that helps customers monitor their energy use, and in July 2010, TXU allowed for customers to remotely control their home temperatures.