With the heat on, residential energy customers see lower renewable energy costs

Monday, June 25, 2012 @ 12:06 PM
posted by rene5432

The summer's heat has officially arrived in North Texas, which is typically accompanied by higher electricity rates and more air pollution.

But this year, more Texans will have the opportunity to switch to a renewable energy plan, as prices have come down significantly for residential solar and wind installations, the Fort Worth Star Telegram reports.

According to the news source, in 2006, there were only three retail clean energy providers, and the lack of competition kept rates high. Now, however, a number of renewable energy companies have formed, bringing costs down much closer to fossil fuel prices. As of June 22, 2012, 24 companies offered 52 plans that used 100 percent renewable sources.

Retail energy providers are promptly responding to the demand for residential clean power, according Russell Smith, executive director of the Texas Renewable Energy Industries Association in Austin.

"Retail electric providers are looking for reasons to bring people into their programs," he said. "Renewables are a competitive piece for them."

According to the Wind Coalition, Texas currently ranks as the number one state for wind turbine installations, with a power capacity of of 7,115.66 megawatts.

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