SAN DIEGO, July 30, 2015 /CNW/ -- OneRoof Energy, Inc., a residential solar services provider and wholly-owned subsidiary of OneRoof Energy Group, Inc. (TSXV:ON) and Amergy Solar, a New York City-based solar installer, have entered into an agreement to jointly offer comprehensive solar solutions to residential solar customers in New York.
Bill Wang, president and chief executive officer of Amergy, said, "As Amergy continues to grow its operations both organically and through strategic partnerships and to expand its geographic footprint into additional states where we see the greatest potential to deploy our proven business model in residential solar, we welcome the addition of OneRoof Energy as a residential solar financing partner whose capabilities and geographic reach have good alignment with our growth plans."
Amergy Solar provides solar power to homes, businesses, governments and non-profit organizations, and received the SunPower "Residential National Top Producer of the Year" award for its outstanding sales performance as a SunPower dealer in 2014 and 2013. Amergy Solar does business in New York, New Jersey, Massachusetts, and California.
"Our ability to customize the OneRoof Energy fulfillment platform to meet the needs of Amergy's current and prospective customers was a big decision factor for Amergy and one of our core strengths," said OneRoof Energy president and chief executive officer, David Field. "We have the capability to offer our channel partners flexible, cost effective solutions, premium financing products and a streamlined operations process which will result in reducing overall customer acquisition costs. We are very pleased to welcome Amergy Solar to our growing line-up of residential solar partners."
The agreement between Amergy Solar and OneRoof Energy was facilitated by StormHarbour Securities, an investment bank with offices in New York, London, Hong Kong, Singapore, Tokyo, Lisbon and Madrid.
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, traditional electronics 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 Amergy Solar
As a full service energy company, Amergy Solar seamlessly transforms everyday homeowners into clean energy users and producers. Amergy Solar's program coordinators provide quality expertise on a product they know and love and their highly trained professionals handle all aspects of the process including sales, installation, and servicing. For more information on Amergy Solar, call (888) 902-2295 or visit www.amergysolar.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.
Investor Relations Contacts for OneRoof Energy:
Executive Vice President & CFO
OneRoof Energy Group, Inc.
Vice President, Investor Relations & Compliance
OneRoof Energy Group, Inc.
SOURCE OneRoof Energy, Inc.