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RGS Energy Selected to Expand Solar Adoption in Troy, NY


LOUISVILLE, CO, and TROY, NY, July 7, 2014 – RGS Energy (NASDAQ: RGSE), a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has been selected by Solarize Troy, a non-profit purchasing cooperative, to bring solar electricity to home and business owners in Troy, New York.

The Solarize Troy program is designed to increase the adoption of solar energy and further reduce the overall cost of solar power. It offers residents and businesses discounted pricing for solar through tiered community-based incentives, and the savings grow as more members of a community participate. Solarize Troy is managed by a volunteer group that includes college students, community leaders, professors, designers and environmental professionals.

“With so many vendors submitting proposals, it was initially a tough decision, but in the end RGS Energy emerged as the clear choice,” said Dan Corda, a Solarize Troy member. “We’re confident that with RGS Energy we will receive quality solar systems and service at excellent prices.”

RGS Energy will offer participating Solarize Troy home and business owners the options to either purchase solar electricity systems directly or enter into a lease.

“As one of the oldest and most established solar companies in the country, our long-term commitment to customer service and quality installations make RGS Energy an excellent partner for any community looking to launch a Solarize program,” said Jim Oliva, RGS Energy’s director of sales. “In addition, our local teams possess deep experience having installed solar systems on thousands of homes, businesses and educational facilities making us an ideal partner for further solar adoption initiatives.”

Dennis Lacey, president of RGS Energy’s Residential Solar division, commented: “We have very deep roots in the entire North East including New York and are proud to bring more solar to more customers. We anticipate the Solarize Troy program will contribute to our record backlog in the region. It reflects our gathering sales momentum, with more North Eastern sales in the first half of this year than all of last year.”

Since 2011, RGS Energy has participated in 14 Solarize initiatives throughout the Northeast. These Solarize programs have resulted in more than 600 customers and four megawatts of contracted solar. In addition, the number of small-scale, solar electricity projects in almost every community doubled as a direct result of the program.

To learn more about the Solarize Troy initiative, visit xtroy.org/solarize.

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 22,500 solar power systems representing over 235 megawatts of 100% clean renewable energy. RGS Energy makes it very convenient for customers to save on their energy bills 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 20 offices across the West and the Northeast. For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at https://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, RGS Energy’s failure to successfully complete this or other future projects, introduction of new products and services, completion and integration of acquisitions, possibility of negative impact from weather conditions, supplier delivery disruptions, 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 and Investor Relations Contact for RGS Energy:

Ron Both
Liolios Group, Inc.
Tel 1-949-574-3860