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Real Goods Solar Offers New Solar Service Options For Residential Customers In Key Solar Markets Of California, Colorado, Massachusetts, And New York

Stocks in this article: RSOL

LOUISVILLE, Colo., Feb. 7, 2013 (GLOBE NEWSWIRE) -- Real Goods Solar, Inc. (Nasdaq:RSOL), a nationwide leader of turnkey solar energy solutions, has a 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 fully covered.

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 installations."

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.

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