LOUISVILLE, Colo., and SAN DIEGO, April 6, 2015 /CNW/ -- RGS Energy (NASDAQ: RGSE), one of the nation's largest and most recognized rooftop installers of solar equipment, and OneRoof Energy, Inc., a leading residential solar services provider and wholly-owned subsidiary of OneRoof Energy Group, Inc. (TSXV:ON), have entered into an agreement to jointly offer comprehensive solar solutions to residential solar customers in New York, Massachusetts and California.
RGS Energy will originate residential solar power purchase agreement (PPA) projects with RGS Financing, Inc., the in-house solar financing division for RGS Energy, with the OneRoof Energy partnership allowing RGS to expand its in-house financing to new states and further broaden its product offering to include PPAs. OneRoof Energy will provide the funding for RGS Energy's in-house financing for PPAs, as well as perform engineering, procurement, permitting and construction (EPC) services. The integrated solution offers solar customers an array of flexible financing options, seamless panel design, permitting, installation, project management and lifetime monitoring.
"Our synergistic partnership with RGS Energy, a proven leader in marketing and distribution, allows us to focus on our core strengths of EPC and PPA financing to make solar energy affordable and accessible for homeowners," said OneRoof Energy president and chief executive officer, David Field. "OneRoof Energy's state-of-the-art proprietary design and quote technology will be shared by both companies which has been proven to shorten install times and reduce cancellations while making going solar a simple process. Our integrated offering will initially be marketed in New York, Massachusetts and California, with plans to expand to additional solar markets this year."
Dennis Lacey, RGS Energy's chief executive officer, commented: "Over the last year, we have invested in and built out our in-house financing division. The OneRoof Energy partnership supports our continued growth and development of the division through a broader product offering, as well as gives us access to significant PPA funds which have been secured for residential financing and ready to be used in key states."
About OneRoof Energy
OneRoof Energy Group, Inc., operating through its wholly-owned subsidiary, OneRoof Energy, Inc., is a complete solar services provider offering homeowners everything from traditional and lease financing, PPAs, solar system design and installation project management to ongoing system monitoring and maintenance services. Utilizing its technology-rich, solar leasing fulfillment platform, OneRoof Energy is partnering with traditional residential solar originators, energy retailers and home services companies of all sizes to offer residential customers affordable, renewable energy choices. OneRoof Energy currently serves residential customers in Arizona, California, Hawaii, Massachusetts, New Jersey, Connecticut and New York, with plans for additional expansion. For more information, visit www.oneroofenergy.com.
About RGS Energy
RGS Energy (NASDAQ: RGSE) is one of the nation's largest and most recognized rooftop installers of solar equipment, serving residential and small business customers in the mainland U.S. and Hawaii. Beginning with one of the very first photovoltaic panels sold in 1978, the company has installed tens of thousands of solar power systems. 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.
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." These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of the Company's website at www.rgsenergy.com. For more information about the company, visit www.rgsenergy.com.
Caution Regarding Forward-Looking Information for OneRoof Energy
Certain statements contained in this document, including those that express management's expectations or estimates regarding OneRoof Energy Group's and OneRoof Energy'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.
Forward-Looking Statements and Cautionary Statements for RGS Energy
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they provide our current beliefs, expectations, assumptions and forecasts about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations. The words "anticipate," "believe," "plan," "estimate," "expect," "strive," "future," "intend," "may," "will" and similar expressions as they relate to us are intended to identify such forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, without limitation, the following: our ability to originate power purchase agreement projects, expand our offerings in new states , grow originations and increase sales, and such other factors as discussed throughout Part I, Item 1A, Risk Factors and Part II, Item 7, Management's Discussion and Analysis of Financial Conditions and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2014.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations Contacts for OneRoof Energy:
Executive Vice President & CFO
OneRoof Energy Group, Inc.
Vice President, Investor Relations & Compliance
OneRoof Energy Group, Inc.
Media and Investor Relations Contact for RGS Energy:
Liolios Group, Inc.
SOURCE OneRoof Energy, Inc.; RGS Energy