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Texas Utility Company To Help Customers Buy/Rent Solar Panels

Northern Texas utility company THX has partnered with solar energy start-up SolarCity to provide rooftop solar panels for customers to rent or purchase.

a house with rooftop solar panels

Photo: Gray Watson

Customers of THX energy company will soon have the option to buy or rent solar panels to power their homes.

For less than the cost of an average electric utility bill, customers of the the Dallas area utility company THX, will now be able to use solar energy to power their homes.

In the first energy program of its kind, THX has partnered with a Silicon Valley solar energy company, SolarCity, to provide rooftop solar panels that customers can either rent or purchase. The cost to rent solar panels for a 3-4 bedroom home is estimated around $35 a month which includes installation, maintenance and insurance. The cost to buy the panels outright is $26,000 which does not include rebates or federal tax incentives.

According to THX’s press release on the new solar energy option, the program is intended to lower customers’ energy bills while simultaneously providing a renewable, environmentally friendly energy option

Why The Partnership Between THX and SolarCity?

Chief executive of SolarCity Lyndon Rive believes that the decision to partner with a utility company with an already established customer base is an effective way of reaching out to more potential solar energy customers:

“Our vision is to supply solar power to millions of homes and businesses,” Rive Says. “The only way to achieve this is by partnering with companies that are providing power today. If we can partner with energy providers, adoption will be much faster.”

Rive also believes Texas is the ideal location for the first solar energy program due to the abundance of sunshine and large residential subdivisions. High temperatures which result in costly electricity bills will also provide an incentive to switch to solar power.

Read More:

  • THX and Solar City’s press release on the new solar energy program
  • A Utility Will Help Homeowners Go Solar (NY Times)
Laura Bult

Laura Bult is a spring intern with Earth Eats and a senior at Indiana University majoring in International Studies, with minors in English Literature and Spanish.

View all posts by this author »

  • http://www.facebook.com/people/Aaron-Klenke/755093383 Aaron Klenke

    I wonder how much power is expected to be generated by these panels. Will it get users off the grid?

  • Ourspecialone2

    This is BS. The new panels were supposed to be $1 per watt, not the same as the prior technology of $3-$5 per watt. We are getting reamed as the panels are only being sold to commercial companies who then get to mark the prices up to match the old technology prices. What a rip!

  • http://www.solarpower4home.net home solar power

    Great stuff. I really like your writing style.

  • http://www.solarenergysystems.com Solar Panel Costs

    Its a little upsetting how they have raised the costs of these panels without raising the quality

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