TXU Energy, SolarCity Offer $5 Million in Solar Incentives

Dallas, TX - TXU Energy and SolarCity, a leading solar and energy efficiency provider, are expanding their partnership by establishing a $5 million incentive fund to encourage and accelerate solar energy adoption in Texas. The new solar fund will provide a $1,000 incentive for up to 5,000 new or current TXU Energy residential customers who sign up for the solar offer.

The companies previously launched the first residential solar lease offering in Texas in February 2010. The fund announced today is available immediately in the Dallas, Fort Worth area and makes TXU Energy’s solar solutions even more attractive for interested consumers.

“Our goal is to deliver innovative solutions that give customers more choice and flexibility in managing their energy usage,” said Jim Burke, CEO for TXU Energy. “Through our partnership with SolarCity, the national leader in solar services, we are making renewable energy even more affordable to our customers.”

TXU Energy and SolarCity’s expanded partnership also offers a full service solution that includes system design, financing, equipment, installation, insurance, monitoring, warranty and a guaranteed amount of solar power production.

Most customers will realize savings on their total monthly electricity costs while adopting clean power and reducing their carbon footprint.

“By making solar more affordable, more homeowners are able to go solar. Our solar offer is the best in the Texas competitive marketplace, and as a full service solar provider, we provide homeowners with unmatched service,” said Lyndon Rive, CEO of Solar City.

This is TXU Energy’s latest in a string of innovations that help customers better manage their energy use and control their electricity expenses.


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About TXU Energy
TXU Energy is a market-leading competitive retailer that provides electricity and related services to approximately 2 million electricity customers in Texas. TXU Energy offers a variety of innovative products and solutions, allowing both its residential and business customers to choose options that best meet their needs, including exceptional customer service, competitively priced electricity service plans, innovative energy efficiency options, renewable energy programs and other electricity-related products and services. Visit txu.com for more information about TXU Energy.

About SolarCity
SolarCity®—a national leader in solar power design, financing, installation, monitoring and energy efficiency services—was founded with the mission to help millions of homeowners and businesses adopt clean power, protect themselves from rising gas and electricity costs and protect their environment from polluting power sources. The company’s SolarLease® and Power Purchase Agreement (SolarPPA™) options can make it possible for homeowners and businesses to switch to clean, solar power for less money than they currently pay for electricity. SolarCity’s 23 operations centers serve Arizona, California, Colorado, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas and Washington, D.C. Additional information about the company is available on the Web at www.solarcity.com.