The last time I checked their website they was not in business yet. They were only taking deposits and waiting to collect enough money to start up. Something about still planing a production plant.
However it is a great idea for someone to make some money with no investment of their own if if citizenre can really swing it.
Either they have to use the users credit to get a loan to buy the solar products and have them sign a statement that allows Citizenre to own the system when it is paid off. Or they have to invest billions of dollars into it them self's. Which I really don't think citizenre will do. Or even have the funding to do.
I'm keeping a weary eye on this one. It is a great idea for the planet and for citizenre's back pocket and legal at the minute but so are the scams in the housing market.
Remember how people are thinking they are getting a loan to help them keep their homes out of foreclosure when really they are giving their homes away and renting/leasing by contract.
2007-10-21 05:14:43
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answer #1
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answered by Don K 5
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I came across a CitizenRE rep at the state fair this weekend and spoke with him for a while before giving him my name and address for more information. I received an email this evening saying my new account has been set up and I can log in to review my account. The following is a cut and paste of some of the information in that email:
"you will have the ability to view your system's operating status in near-real-time. Data is updated on a daily basis. Use this feature to see how much electricity your REnU has generated for you and at what time of the day, how much of it you used and when, and how much you delivered to your utility. Even see how much energy you took back from the local utility and when. Additionally, this daily data translates directly into your monthly bill"
Ok, so I logged into my "new account" and guess what I found...a "contract status" section indicating that I had requested a 25 year contract and that it was pending (I had, in fact, told the rep I specifically would NOT sign the 25 year contract but may consider the one or five-year contract). There was also a section of graphs headed up with my personal information, a contract number and colorful displays of my current energy consumption, energy generated by the panels, energy sold and energy bought back...all with colorful displays. Keep in mind, no one has been to my house to even consider a solar installation let alone begin any type of solar installation. THERE ARE NO SOLAR PANELS INSTALLED ON MY HOUSE.
If this is the data that will be comprising my bill and the data is fabricated, as it must be since CitizenRE has no record of my energy usage today and, especially, since they have data on my solar energy production when I have no solar energy system, I am deeply concerned.
I also noticed, in the contract information displayed on the "account" I logged into, that there may be additional fees as outlined in section 1.2 of the contract. Under section 1.2 of the contract, it simply has the word (reserved) in parenthesis and nothing more. Who would agree to such a contract?!
I want to make all of you aware I am posting this message to inform you of my current experience with the company CitizenRE and to allow Rob or any other representative of their company to explain what is going on and why I am seeing the data I am seeing in the "account" created for me.
I have been hesitant in responding to comments made about CitizenRE until this point because I have been trying to be positive in thinking they may actually be a legitimate company, however, I am rapidly deciding to agree with the nay-sayers and look forward from a response from CitizenRE which would actually make me consider doing otherwise.
One further comment to CitizenRE: If I receive a bill, invoice or collection statement of any kind, you will see legal action and media activity that will give your company more attention than any rep at the state fair.
Thanks for your attention to this matter.
2007-10-21 23:49:28
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answer #2
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answered by tabulator32 6
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I checked out the site. It appears that you pay for the energy that the solar equipment produces at a given rate. Sounds a lot like what other utility companies do. One of the major advantages of solar power is that you can buy and own the equipment and never have to pay for other energy. Purchasing seems better than "renting".
2007-10-21 10:51:35
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answer #3
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answered by Truth is elusive 7
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Citizenre is probably some sort of scam. They have been promising stuff for over a year but nothing has happened. Check out these comments.
http://www.renewableenergyaccess.com/rea/news/story?id=47419
2007-10-24 13:50:51
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answer #4
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answered by Anonymous
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