Real Goods Solar Delivers More Than 25 MW of Solar Power in 2012; Reaches Major Milestone of 100 MW in Total Installations
Louisville, CO, February 5, 2013 – Real Goods Solar, Inc. (NASDAQ: RSOL), a nationwide leader of turnkey solar energy solutions, installed more than 25 megawatts (MW) of solar power in 2012 for residential, commercial, and utility customers. Furthermore, the company achieved a major milestone having surpassed cumulative installations of more than 100 MW and over 14,500 in total number of solar installations.
The Solar Energy Industries Association (SEIA) indicates that 100 MW of solar capacity will power approximately 16,900 homes. The U.S. Environmental Protection Agency estimates that 100 MW of solar power offsets more than 270 million pounds of carbon dioxide emissions per year, which is equivalent to removing more than 25,000 cars from the nation’s highways annually.
“Bringing this incredible emission-free and 100% renewable energy source to residential and commercial customers has been in our DNA for many years – beginning with Real Goods selling some of the very first solar energy kits in the late 1970s,” said Kam Mofid, Real Goods Solar CEO. “We are proud to have been a pioneer in this field and to have empowered so many thousands of customers to realize the benefits of going solar. There has been a dramatic rise in the adoption of solar energy in recent years. In many ways, we are still in the infancy of what is possible and indeed achievable, both economically and environmentally, and ultimately for the country in terms of increased energy security and independence.”
The U.S. photovoltaic market of installed capacity is expected to reach approximately 4 gigawatts (GW) in 2013, then double to nearly 8 GW by 2016, according to SEIA and GTM Research’s latest U.S. Solar Market Insight report. This makes solar one of the fastest growing industries in the country.
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) 507-2561.
This press release 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 Real Goods Solar 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, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar’s filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
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