Reliant Energy Launches Solar Leasing Program, Buyback Plans

June 20, 2011
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Reliant Energy has launched a solar leasing program and two excess distributed generation buyback products for renewable power.

Reliant is offering a variety of solar leasing options. Additionally, Reliant says that if the solar PV system fails to produce a guaranteed, annual output over the 20-year lifetime of the lease, the customer will be reimbursed for the difference.

Additionally, Reliant is offering two distributed solar buyback programs, one offering a 12-month flat rate for consumption, and another with Time of Use generation rates. Customers do not have to use a Reliant solar lease to be eligible for the buyback programs.

The buyback products are offered at CenterPoint, Oncor, AEP Texas Central, AEP Texas North, and Texas-New Mexico Power.

For the 12-month fixed product (which includes 20% wind), Reliant will credit the customer at the full retail energy charge for the first 500 kWh returned to the grid each month. For additional generation above 500 kWh that is returned to the grid, Reliant will credit the customer at 5 cents per kWh.

The 12-month fixed rate for consumption is 11.3 cents per kWh at Oncor and 12.3 cents per kWh at CenterPoint.

Additionally, Reliant is offering a Time of Use buyback product, under its e-Sense brand, under which a two-tier generation rate will apply to consumption. A peak rate will apply from 9:00 a.m. to 4:00 p.m. for 12 months of the year, while an off-peak rate will apply in all other hours.

The price credited for generation outflows under the Time of Use plan will be equal to the peak energy charge for the first 500 kWh put back onto the grid each month. Reliant will credit the customer at 5 cents per kWh for any surplus electricity above 500 kWh placed back onto the grid.

Time of Use rates for consumption at Oncor are 16.2 cents on-peak and 9.2 cents off-peak. Time of Use prices for consumption at CenterPoint are 17.1 cents on-peak and 10.1 cents off-peak. The Time of Use product is an indexed product, and includes 20% renewable power.

Both product types include an early termination fee of $150, which takes effect after the due date of the first bill.

Both excess distributed generation buyback plans are open to customers with both solar and wind distributed generation.

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