NRG Home Solar Launches Strategic Partnership with Upromise by Sallie Mae
January 22 2015 - 8:00AM
Business Wire
New program helps families save for college
through rooftop solar
(NYSE:NRG) NRG Home Solar, one of the country’s leading
residential solar companies, announced a new partnership with
Upromise by Sallie Mae, a service that helps families pay for
college by earning cash back on everyday purchases. Through this
innovative collaboration, NRG Home Solar will become the first
residential solar company to offer Upromise members, in select
states, a significant bonus for a completed solar installation,
plus cash back for simply learning more about the benefits of solar
at home.
“Millions of Americans are already saving for college through
Upromise by Sallie Mae and now they can save even more by learning
about home solar and having solar installed on their homes,” said
Kelcy Pegler, Jr., President of NRG Home Solar. “This partnership
is a first for our industry that will allow us to help more
families save for college and potentially reduce their electricity
costs by generating clean, renewable power at home.”
NRG Home Solar is a leader in the residential solar industry in
states across the U.S. This new partnership is the latest example
of the company’s strategy of developing wide-ranging programs with
retail and online services that Americans use every day.
Through the new Upromise partnership, NRG Home Solar will offer
Upromise members a one-time $500 bonus – deposited into a Upromise
account – for completing a solar installation and a one-time $50
bonus for members who complete an appointment to learn more about
home solar. The offer will be available to qualifying Upromise
members in New York, California, Connecticut, New Jersey and
Massachusetts.
“We are excited to add NRG Home Solar to our growing list of
partners who continue to provide new opportunities for our members
to save for college,” said Erin Condon, president, Upromise by
Sallie Mae. “The potential to reduce electricity costs while also
saving for college is a win-win for our members.”
Free and easy to join, Upromise by Sallie Mae allows families to
earn cash back for college from everyday purchases by shopping
online with partners. Through Upromise, shoppers earn real cash
rewards that can be put towards saving and paying for college
including repayment of an eligible student loan, a Sallie Mae
high-yield savings account, eligible 529 college savings plans or
cash back in the form of a check.
To date, Upromise members have collectively earned more than
$850 million. To learn more, visit Upromise.com.
About NRG Home Solar
NRG Home Solar is one of the country’s leading solar companies
specializing in the installation of residential solar PV. NRG Home
Solar designs, installs and maintains solar systems that help
homeowners bring their homes into the future with cleaner energy.
The company is a wholly-owned subsidiary of NRG Energy, Inc. and
has offices throughout the US. For more information please visit
www.nrghomesolar.com or follow us on Twitter @NRGHomeSolar
About Upromise
Upromise by Sallie Mae is a free to join college savings program
and members have earned more than $850 million in cash back for
college. Hundreds of companies have joined forces to help families
save money for college through everyday purchases, online shopping,
booking travel, or dining out. Rewards can be invested in a 529
college savings plan, used to help pay down an eligible student
loan, deposited into a Sallie Mae High Yield Savings Account or
requested by check.
NRG Home SolarMediaErik Linden, 609-524-4519orInvestorsChad
Plotkin, 609-524-4526
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