Clean Energy Collective Partners with RGS Energy in Reseller Agreement
Partnership Enables CEC to Meet Expanding Demand for Community Solar in Massachusetts Leveraging RGS Energy’s Deep Market Reach and Knowhow
BOULDER, Colo. and LOUISVILLE, Colo., May 12, 2014 – Clean Energy Collective (CEC), the nation’s leading community solar developer, has signed an agreement with RGS Energy (NASDAQ: RGSE) to act as an authorized reseller of its community solar solution.
The agreement with CEC allows RGS Energy, a nationwide leader of turnkey solar energy solutions for residential, commercial and utility customers, to expand its reach to provide solar solutions to customers who rent or lease their property or are otherwise unable to install onsite systems due to site orientation, shading or restrictions imposed upon historic properties.
RGS Energy will leverage its marketing and sales channels to target both residential and commercial customers to participate in CEC’s Western Massachusetts Community Solar Array in Hadley, Mass. (WMECo) and Southeastern Massachusetts Community Solar Array in Rehoboth, Mass. (NGRID/SEMA). The agreement will extend to CEC’s future Massachusetts community solar facilities as they progress through the approval and development process. RGS Energy is also the EPC contractor on these two previously announced CEC community solar projects currently under construction.
“Our new partnership with CEC represents a significant opportunity for RGS Energy to expand beyond its traditional rooftop market and serve customers historically unable to take advantage of solar due to poor site conditions, or the fact that they lease or rent their properties,” said Kam Mofid, RGS Energy’s CEO.
CEC’s community-owned solar model allows 100% of a utility’s ratepayers—including businesses, governments, non-profits, renters, those with shaded properties, and people of all income levels—the opportunity to own locally-produced clean energy. Community solar customers receive many of the same state and local rebates and incentives programs as home-sited systems. The shared utility-scale arrays are sited and maintained to operate at peak efficiency for many years, provide a maintenance free energy solution, and are generally transferrable at the discretion of the home owner.
According to CEC President Paul Spencer: “We are excited to continue building a strong partnership with RGS Energy; they’re pioneers in our industry and recognized as one of the leading construction and sales operations. This new strategic relationship with RGS Energy will help CEC to more quickly extend its customer reach and take advantage of the growing demand for community solar in Massachusetts.”
About Clean Energy Collective
Clean Energy Collective (CEC) is the nation’s leading developer of community solar solutions. CEC pioneered the model of delivering clean power-generation through large-scale facilities that are collectively owned by participating utility customers. Since establishing the first community-owned solar garden in the country in 2010 near El Jebel, Colorado, CEC has more than 40 community solar projects built or under development with 18 utility partners across 8 states, representing 26 MW of community solar capacity. www.easycleanenergy.com
About RGS Energy
RGS Energy (NASDAQ: RGSE) 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 to the public in the U.S. in 1978, the company has installed more than 19,000 solar power systems representing well over 170 megawatts of 100% clean renewable energy. RGS Energy 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 players, the company has 17 offices across the West and the Northeast. For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at www.twitter.com/rgsenergy. RGS Energy is a trade name and RGS Energy makes filings with the Securities and Exchange Commission under its official name “Real Goods Solar, Inc.”
Cautionary Statement Regarding Forward-Looking Statements
This communication includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as “expect,” “intend,” “believe,” “will,” “should” or comparable terminology or by discussions of strategy. While RGS Energy believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, failure to finance or complete construction of the solar energy project described above, introduction of new products and services, completion and integration of acquisitions, possibility of negative economic conditions and other risks and uncertainties included in RGS Energy’s filings with the Securities and Exchange Commission. RGS Energy assumes no duty to update any forward-looking statements.
Media Contact for CEC:
Media and Investor Relations Contact for RGS Energy:
Ron Both, Senior Managing Director
Liolios Group, Inc.