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Houston rolls out discounts on solar installation to move the needle on lower-carbon options

Houstonians, here's your sign to score solar panels at a discount. Photo by Kindel Media/Pexels

A city of Houston initiative is offering a discounted rate for solar panel installation for homeowners and small businesses.

This year's Solar Switch Houston deal produces an average savings of $5,315 for each Houstonian who registers with Solar Switch, according to a news release from the city, which partnered with the nonprofit Solar United Neighbors. It's the third time the organizations have teamed up to provide the discount.

“We had great success with the first two rounds of Solar Switch Houston where residents were provided with a trusted information source and a substantial group discount,” City of Houston Interim Chief Resilience and Sustainability Officer Nicholas Hadjigeorge says in the release. “I am confident that the savings attained in the third round of the program will play a crucial role for residents deciding if solar is the right choice."

The organization vetted solar installers, factoring in "product quality, warranties, company financial stability, and history of customer satisfaction," per the news release. These installers then participated in a reverse auction to provide the discounted services. Those interested in learning more can head to SolarSwitch.com/Houston.

"Everyone deserves to benefit from generating their own solar energy. That’s why we designed Solar Switch – to make installing solar affordable and straightforward for more Houstonians than ever before," America Garcia, Texas program director for Solar United Neighbors, says in the release. "I’m excited to see how much we can broaden the reach and benefits of solar group buying with the continuation of Solar Switch Houston."

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A View From HETI

Catalyze has secured an $85 million tax equity investment to support the construction and completion of 75 megawatts of solar projects nationwide in 2025. Photo courtesy of Catalyze

Houston-based Catalyze, a developer of independent power systems, announced it has secured an $85 million tax equity investment from RBC Community Investments.

“RBC’s investment in this portfolio demonstrates our commitment to advancing clean energy solutions within local communities,” Jonathan Cheng, managing director at RBC, said in a news release. “We are excited to partner with Catalyze on the strategic deployment of these and future projects.”

The financing will go toward the construction and completion of 75 megawatts of commercial and industrial solar projects nationwide in 2025. Catalyze’s current generation portfolio now totals 300 megawatts of projects in operations and construction.

The transaction will help Catalyze’s existing relationship with RBC, which demonstrates a commitment to advancing renewable energy solutions at scale.

“RBC is a valued financing partner, and we are pleased to further expand our relationship with this latest investment,” Jared Haines, CEO of Catalyze, said in a news release. “This financing enables us to further our mission to bring scalable distributed generation projects to businesses and communities nationwide.”

Catalyze also has other private equity sponsors in EnCap Investments and Actis.

Last May, Catalyze announced that it secured $100 million in financing from NY Green Bank to support a 79-megawatt portfolio of community distributed generation solar projects across New York state.

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