Solar Provider, Working With REP, To Offer 20-Year Buyback Agreement To Texas Customers

Sunrun announced that it is expanding its home solar service to Texas, offering a 20-year net metering facilitated by Think Energy

Sunrun announced an, "innovative offer with ENGIE Resources LLC to bundle retail energy, inclusive of a 20-year net metering agreement, with its residential retail energy company, Think Energy. Sunrun customers in Texas will have Think Energy as their Retail Energy Provider enabling them to get retail energy credit for every kilowatt of excess generation that flows to the grid, access that credit when they consume energy from the grid, and purchase energy at a fixed rate when they consume in excess of their solar generation."

"This virtual net metering agreement is the first time that a retail provider and solar company have bundled a twenty-year net metering guarantee," Sunrun said

Sunrun will offer Texas homeowners the option to purchase their solar system, lease, or finance it through a third party loan arranged by Sunrun.

Sunrun is now available to serve homeowners throughout Houston and surrounding areas with plans to expand to other cities in Texas in the coming months.