Real Goods Solar Offers New Solar Service Options for Residential Customers in Key Solar Markets of California, Colorado, Massachusetts, and New York
Partnership With Sunrun Makes Solar Power a More Attractive Energy Alternative to Millions of Homeowners
LOUISVILLE, Colo., Feb. 7, 2013 -- Real Goods Solar, Inc.
new partnership with Sunrun, the nation's leading home solar company, to
offer flexible and attractive solar service options to homeowners in the key
solar markets of California, Colorado, Massachusetts, and New York.
The partners have established an expanded variety of service options
designed to make solar an easier choice for homeowners by eliminating the
high upfront cost and the worries of ongoing maintenance.
Homeowners looking to reduce their energy costs with solar power can pay as
little as zero down, lock in low electricity rates for the next
20 years, and have peace of mind with monitoring, maintenance and repairs
Through the Sunrun partnership, Real Goods Solar will design, engineer and
manage the installation of residential solar systems, while Sunrun will own,
insure, monitor and maintain the equipment.
"The expansion of our solar service offerings through Sunrun strengthens our
comprehensive solar solution, making solar a more attractive energy
alternative for more homeowners in several key states where we already have
a substantial footprint," said Kam Mofid, Real Goods Solar CEO. "This is
especially timely for New York, with its expanded NY-Sun Initiative
providing financing support and incentives for residential solar
The NY-Sun Initiative is a dynamic public-private partnership that was
formed in 2012 to make solar technology more affordable for all New Yorkers,
with the state initially committing $800 million in financial support and
incentives through 2015. New York Governor Andrew Cuomo recently expanded
the initiative, with plans for an additional $150 million per year over the
next 10 years and the creation of a $1 billion Green Bank. The initiative
seeks to quadruple New York's solar capacity by the end of 2013.
Lynn Jurich, co-Founder of Sunrun, commented: "This partnership with Real
Goods Solar allows us to provide affordable solar to even more homeowners.
We've coupled affordable solar with reliable service to make the switch an
easy choice for more Americans."
Sunrun is the nation's leading home solar company and invented solar power
service, a way for homeowners to go solar without the high upfront costs.
Sunrun owns, insures, monitors and maintains the solar panels on a
homeowner's roof, while families pay a low rate for clean energy and fix
their electric costs for 20 years. Since Sunrun introduced solar power
service in 2007, it has become the preferred way for consumers to go solar
in the nation's leading solar markets. More than 30,000 homeowners in 10
states have chosen Sunrun, and the company partners with over 25 leading
local solar companies who together employ more than 3,000 workers. Sunrun
has attracted enough capital to support the purchase of $1 billion in solar
systems from investors including U.S. Bancorp and raised $145 million in
venture capital from Accel Partners, Sequoia Capital, Foundation Capital,
and Madrone Capital Partners. For more information visit:
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (Nasdaq:RSOL) is one of the nation's pioneering solar
energy companies serving commercial, residential, and utility customers.
Beginning with one of the very first photovoltaic panels sold in the U.S. in
1978, the company has installed more than 14,500 solar power systems
representing over 100 megawatts of 100% clean renewable energy. Real Goods
Solar makes it very convenient for customers to save on their energy bill by
providing a comprehensive solar solution, from design, financing, permitting
and installation to ongoing monitoring, maintenance and support. As one of
the nation's largest and most experienced solar power installers, the
company has 15 offices across the West and the Northeast. It services the
commercial and utility markets through its RGS Energy division. For more
information, visit RealGoodsSolar.com or RGSEnergy.com, or call (888)