OneRoof Energy® Enters New York Rooftop Solar Market, Continuing Northeast Expansion
Leading solar services company now offers zero-down residential electricity to half of the top 10 U.S. solar states
SAN DIEGO, May 8, 2014 /CNW/ - OneRoof Energy, Inc., a complete solar services provider and subsidiary of OneRoof Energy Group, Inc. (TSXV: ON), today announced expansion of their residential solar leasing operations to New York state, just one month after entering Massachusetts. Working with its dealer and installer network, OneRoof Energy now allows New York homeowners served by LIPA and Con Edison to go solar with little to nothing down. OneRoof Energy now strategically serves half of the top 10 solar states – Arizona, California, Hawaii, Massachusetts and New York.
Residential solar energy is growing quickly across the Northeast United States. According to the Solar Energy Industries Association (SEIA), the demand for residential solar installations in New York doubled between the third and fourth quarters of 2013, with an increase from 6.1 MW in the third quarter of 2013 to 13.1 MW during the fourth quarter. Additionally, SEIA predicts New York's residential demand for distributed solar to grow to 75 MW by the end of 2014.
"Thanks to the vision and leadership of Governor Cuomo and his Sun-Initiative, there has never been a better time for New York's 20 million residents to convert to cleaner and more affordable solar energy," said David Field, OneRoof Energy president and chief executive officer. "Our leasing program, combined with the New York State Energy Research and Development Authority's rebate program, makes rooftop solar the most affordable option for many New York homeowners' energy needs."
By simplifying the process of going solar and making solar financing more accessible, OneRoof Energy is expanding its mission to bring a breadth of innovative energy services to homeowners throughout the United States regardless of the availability of local solar incentive programs.
"We're pleased to be partnering with OneRoof Energy as they make their way to New York," said Peter Fobare, partner at EPC Solar LLC. "The company has a great reputation for how they work with their installers, and their services will make going solar affordable and simple for New York families."
OneRoof Energy's signature SolarSelect® leasing programs allow homeowners to go solar with little-to-nothing down, providing renewable electricity directly to homeowners for less than they spend on monthly utility bills. Utilizing OneRoof Energy's innovative financing models – including secured and unsecured debt financing – homeowners enjoy price protection against electricity rate hikes for up to 25 years.
About OneRoof Energy
OneRoof Energy is a complete solar services provider offering homeowners everything from the financing, system design and installation project management to ongoing system monitoring and maintenance. Through the use of our game-changing, proprietary solar sales and design software, we help homeowners find a finance option that is best suited to their individual lifestyle and budget, including the zero-down lease option.
Our signature, SolarSelect® leasing programs allow homeowners to go solar with nothing down, pay less on monthly electricity bills, and enjoy protection against utility rate hikes for up to 25 years. A seasoned management team of renewable energy and finance veterans with a proven track record of making energy independence a reality leads OneRoof Energy. Currently, the company serves homeowners throughout Arizona, California, Hawaii, Massachusetts and New York with plans for additional northeastern expansion. For more information, visit www.oneroofenergy.com.
Caution Regarding Forward-Looking Information
Certain statements contained in this document, including those that express management's expectations or estimates regarding the Company's future performance, are "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is necessarily based on a certain number of estimates and assumptions which, while considered plausible by the management when they are made, are inherently subject to significant commercial, economic and competitive risks and uncertainties. We advise investors not to rely unduly on forward-looking information. The Company further declines any intention or obligation to publicly update this forward-looking information, whether due to new information, or future or other events, unless required by applicable law.
Neither the TSX Venture Exchange nor its regulation service provider (as these terms are defined in policies of the TSX Venture Exchange) bears responsibility for the adequacy or accuracy of this press release
SOURCE OneRoof Energy, Inc.For further information: