We've looked at some of their stuff, which makes a convincing pitch, but we haven't yet found the small print, which could be a deal-breaker.
The concept is certainly appealing: CitizenRe will install solar panels on your home, which they will own. The only upfront cost to the homeowner is a $500 deposit, which is refundable, with interest, at the end of the contract. The homeowner then pays CitizenRe for the electricity generated by the panels, at the same rate it would pay the utility company. AND, the rate is guaranteed for 25 years.
Now that's quite a deal.
Having paid roughly $20,000 for solar panels on our home that pay for about 20% of our electricity, we wonder what the "catch" is. Certainly, we don't see how CitizenRe can make money on this proposition, but maybe we're missing some kind of hidden subsidy.
Perhaps CitizenRe is getting some carbon credits from the scheme; or maybe the service is only available in states--of which there are many (but not Virginia, alas) where the utility pays more for "green energy," meaning CitizenRe can earn more than what the homeowner is paying.
We'd be very curious to hear from anyone who's actually used this service, or who knows more about it!