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Citizenre Introduces Its REnU 25-Year Fixed Rate Home Solar Rental Program Making Solar Competitive With Utility Electric Rates in 40 States

Posted on: Monday, 4 December 2006, 06:00 CST

Citizenre's new REnU 25-year fixed rate residential solar electric system rental program is the first to allow homeowners in forty states to choose green energy while eliminating the large upfront investment costs and premiums over power purchased from electric utilities. The REnU program offers the most attractive terms in the solar industry.

Citizenre Corporation manufactures, pays for, installs, permits, owns, maintains, and operates the solar photovoltaic system installation. All homeowners are required to do is to pay for the electricity generated from these panels, at a fixed rate that is at or below their current electricity price, for up to twenty-five years. REnU customer benefits include:

1) No upfront investment.

2) No waiting for rebates.

3) No headaches with the city and the utility - Citizenre handles the engineering, procurement, and construction.

4) Performance-based contract means homeowners only pay for what is delivered and their total electricity cost should be less than or equal to their current electricity bill.

5) Actual hedge against future utility price increases. Homeowners "lock-in" their electricity rate for 25 years. Most electric utilities are increasing their rates 5% to 30+% every year.

Citizenre is running a special introductory promotion waiving the normal $500 security deposit requirement for customers who sign up for the service in December. This makes the move to solar power risk-free and allowing them to cancel their contract at any time at no cost to them. Orders placed in December will be installed in September 2007.

The REnU program is very appealing to customers who want to help clean the environment, stem global warming, strengthen our energy grid, and become energy independent while also saving money. The program is the single most cost effective method for homeowners to reduce their environmental impact, reduce their carbon dioxide emissions, and increase their sustainability.

The REnU program is expected to have a significant impact on the Leadership in Energy and Environmental Design (LEED) green building program for homes. The six LEED for Homes certification points for renewable energy are now the six easiest points to achieve, instead of being the six most expensive and least commonly scored points.

Source: Business Wire

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