Citizenre has come up with a great plan. There REnU energy plan allows you to rent your own solar energy system from them. You don’t own the system, but rather rent it from them. This moves the upfront cost of the system on to them, and then you enter into a 1 5 or 25 year contract with them for a fixed energy price. The benefits of owning a solar system without the upfront cost.
The Citizenrē Corporation REnU Program is very simple and straight-forward. It begins by signing a Forward Rental Agreement or FRA. The FRA is presented to you by one of our authorized sales associates: the agreement details the terms at which Citizenrē will provide to you a Residential Energy Unit or REnU.
In a nutshell, our FRA allows you to rent a REnU based upon the amount of electricity it generates for you: you no longer have to make a huge investment in the solar power equipment. And since the REnU’s fuel supply (sunlight) is free and very little maintenance is required throughout its life, Citizenrē will rent this to you at a fixed-rate for what ever contract period you sign-up for. The fixed-rate is equal to your utility’s retail electricity rate at the time of signing an FRA.
What makes this even more appealing is that we engineer a system that meets your exact needs. By reviewing your historical electricity usage, Citizenrē engineers can determine precisely how large of a REnU you will need. They then obtain all of the proper permits, procure the appropriate equipment, install the system on your home, and integrate it with your utility company. You are completely relieved of all the typical headaches that come along with this part of the process.
As if that were not enough, Citizenrē also takes on the responsibility of monitoring the performance of your REnU and ensuring that it is performing at its optimum capability. This value-added service is at no additional cost to you: it is part of your rental fee. That’s because Citizenrē has a vested interest with the performance of your REnU. If it is not working, you are not obligated to pay us a single cent; therefore, if it fails to work, Citizenrē is right there finding out what is wrong and fixing the problem.
At the end of each month, CitizenrÄ“ will provide you with a bill – electronic or paper, whichever your preference is. The bill tells you how much electricity your REnU has generated for the month, and based on your contract price, the amount you owe is easily calculated by multiplying your contract rate by the amount of electricity that was generated. As an example, the national retail electricity rate is 8¾¢ per kWh, the national monthly electricity consumption is 578 kWh; if both of these averages are your specific case, and the REnU generated exactly what was needed that month, then your bill would be $50.58.
It’s that easy. No headaches. No worries. No large investment.
EDIT: See new devlopments in this story here, not all that glitters is gold.
I would like to make sure that I unserstand this relationship. Assume I genetate this 578 kWh in my system and I use exactly the 578. This means I pay you the 51.00 and DWP (Los Angeles) nothing?
I have been interested in Solar evne though my side at lease would be 15000.00. This concept intriques me so please replay at your convenience.
Steve, I just posted about this company, if you have questions about their pricing policy I would visit their website. But from what I have read it seems as if you yes you would pay them for the energy generated by the solar system. The cool thing about this program is you lock in the energy cost, so if you enter into a 25 year rental with this company, you get the same energy prices for 25 years. As far as the nitty gritty I would visit their site.
Sounds alright. But let’s consider something. Depending on the weather, you pay the same rates, either to your local utility or to the company that installed the panels.
Is there insurance to be paid for them? How long before you break even after paying $500 to have them installed? Am I saving anything if the utilities don’t raise prices, and if they do, will it offset my insurance payments?
Well I think the only way that this sort of thing would be worth it is if you were to lock into a long term contract with them (25 years). You would be locked in at the same energy rate for the next 25 years from your system. Very few people can say that they are paying the same amount for electricity this year that they did 25 years ago (i know my electric bill went up over 80% in the last two years alone).
As far as the rest, I just thought it was an interesting idea, you would have to visit their website to find out the details of the offer.
I read all the Citizenre documents, then I sent the six-page Terms and Conditions to my father-in-law, a patent lawyer, and it all checked out. He signed up for it.
I locked in my rate at under 10 cents kWh, today my rate is already at 16 cents and going up. I’d expect most people would see a pretty dramatic savings in the very first summer. The only catch is that installations won’t start until the end of this year.
They don’t need any money up front. They offer great rates in Philly too. There is no problem signing up to suport the idea.
Sign up now…. http://www.SolarPanel-Rental.com If it dosn’t gel, we move on. A new Big plant is announced for Oregon. Mike
Thanks for your interest and enthusiasm. Register your property to show interest and support. Please pass the word. Watch the video.
http://www.SolarPanel-Rental.com Michael
The part I have questions about is the currrent production. Do they have the systems ready for install, or am I prepaying for a system they will produce in the future?