Skip Navigation to main content U.S. Department of Energy Energy Efficiency and Renewable Energy
Green Power Network
About the GPNGreen Power MarketsBuying Green PowerOnsite Renewable EnergyCommunity Renewable EnergyInformation ResourcesFinancial OpportunitiesHome

NREL Highlights 2015 Utility Green Power Leaders

May 2016

More News More News

Subscribe to E-Mail Update Subscribe to e-mail update


Free Webinar - How Universities Can Expand Solar in their Communities: Lessons from Utah’s and Oregon’s Community Bulk PV Purchasing Programs

August 24, 2016
3–4 p.m. ET

Previous Webinars More News

Green Power Market Status Report (2015 Data) Featured Green Power Reports

News Archive

Subscribe to Green Power News

Green Mountain Energy Launches Solar Leasing Program

May 2011 - Green Mountain Energy Company of Texas launched a solar leasing program that will allow residents to buy into a 20-year lease of solar panels for their roofs. The leasing program allows customers to invest in solar at no upfront cost.

Leasing an average size 4-kilowatt (kW) solar array will produce about 450 kilowatt-hours (kWh) of electricity at a cost of $100 per month, which is nearly double current grid power rates. Despite higher energy costs, interest in the solar leasing program has grown, according to Green Mountain Energy. The first 500 kWh of excess electricity generated per month from the leased solar panels will be purchased by Green Mountain Energy at the same rate customers pay for power as part of the utility's Renewable Rewards Buy-Back Program. For any excess energy beyond 500 kWh per month, the buy-back rate is reduced by 50 percent.

News Release - Green Mountain Energy Company Launches Renewable Rewards® Solar Lease Program in Texas

Additional Information - Green Mountain Energy sets up solar leasing program

Printable Version

Skip footer navigation to end of page.