Dive Brief:
- TXU Energy has teamed with SunPower through a new renewables venture, TXU Solar, to offer residential customers in Texas "affordable financing options" to place solar panels on their homes, Energy Choice Matters reports.
- TXU's announcement focused on the lifespan and efficiency of the panels, which it said have a 25-year combined power and product warranty and an expected lifespan of more than four decades.
- Systems will come with an online and mobile monitoring system so homeowners can track their electricity production; TXU said homeowners can keep solar tax credits and any local incentives for which they may be eligible.
Dive Insight:
TXU is launching its new offer in North Texas, and to be eligible, consumers must meet a couple of basic criteria: own a single-family home, and have south-to-southwestern exposure. The program will provide financing options, pay customers for the excess power they generate, and utilizes panels the company said produce more than 70% more power for their size. The move expands TXU's offerings to include solar, an increasingly popular product in the electricity sector.
“For years, Texans have been able to rely on us to provide the information and tools they need to manage how much electricity they use,” Scott Hudson, COO for TXU Energy, said in a statement. “TXU Solar from SunPower further empowers our customers to reduce the amount of electricity they buy and gives them yet another innovative choice to meet their electricity needs.”
TXU said the systems will come with online with mobile monitoring systems from SunPower, allowing homeowners to track their electricity production.
“SunPower is pleased to team up with TXU Energy to make high-efficiency and highly reliable solar power accessible to Texas families,” said Howard Wenger, SunPower president of business units. The company has had an office in Texas since 2011, and now has more than 350 local employees.
