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TXU To Pay Some Solar Customers Their Full Retail Rate For Excess Generation, Announces Instant Rebate for Residential Solar Rooftop Systems

September 29, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

TXU Energy today announced a limited-time instant rebate for residential consumers who purchase SunPower rooftop solar systems through the company.

At the same time, TXU Energy unveiled a new plan that increases the credit customers get for the electricity that their solar systems generate but they don't use.

Under the new TXU Energy Renewable Buyback plan, TXU Energy will buy this excess electricity from residential consumers who have purchased solar systems through TXU Solar from SunPower at the same per-kilowatt-hour rate that the customer pays for the grid-based electricity they use when that is needed. The purchase rate per kWh is equal to the full price of grid power, including TDU charges, TXU confirmed. The company will deliver the credits to TXU Energy customers' bills each month they generate excess electricity.

TXU Energy customers who have solar panels from other manufacturers, as well as customers with qualified residential wind generation systems, will continue to have access to a "competitive" offer for their excess electricity, TXU said

The TXU Energy instant rebate provides between $2,000 and $5,000 off the purchase price of a new TXU Solar from SunPower rooftop system. Customers purchasing a solar power system may also be eligible for federal tax credits. The price of a SunPower system varies based on system size and other factors.

The exclusive instant rebate offer is available for consumers who purchase a rooftop system before the end of the year.

Instant rebate amount varies based on solar panel system wattage size and is applied as a per-watt discount at time of purchase for residential systems installed through TXU Solar from SunPower program.

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