Leading solar services company enters Northeast, offering zero-down residential electricity
SAN DIEGO, April 2, 2014 /CNW/ - OneRoof Energy, Inc., a complete solar services provider and subsidiary of OneRoof Energy Group, Inc. (TSXV:ON), today announced it has started offering residential solar leases to homeowners in Massachusetts, part of the company's planned expansion into new North American markets. Working with its dealer and installer network, OneRoof Energy allows Massachusetts homeowners served by NSTAR and National Grid to go solar with little to nothing down. The company's offices will be located in Newton, close to downtown Boston.
Residential solar energy is growing quickly across the Northeast United States. According to the Solar Energy Industries Association (SEIA), in Massachusetts alone, residential solar installations nearly doubled between 2012 and 2013, with an increase from 15.2 MW installed in 2012 to 26.7 MW in 2013. The state ranked number six in solar electricity capacity installed last year.
"Massachusetts homeowners are embracing rooftop solar because it makes financial sense," said David Field, OneRoof Energy president and chief executive officer. "The state's solar growth is possible because of excellent leasing programs that entirely eliminate the high upfront cost barriers. In 2012, more than 58 percent of residential installations in Massachusetts were the result of lease and power purchase agreement programs."
By simplifying the process of going solar and making solar financing more accessible, OneRoof Energy is expanding its mission to bring a breadth of solar services to homeowners throughout the United States. OneRoof Energy also operates in California, Arizona and Hawaii, with approximately 175 full-time employees.
"We're excited to work with OneRoof Energy to grow the residential solar market in Massachusetts, said Brad Stoler, President of Rayah Solar and a OneRoof Energy partner. "We expect to see phenomenal uptake of solar in the state in coming years and OneRoof Energy has the best service and the most knowledgeable, dedicated team I've ever worked with."
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 its game-changing, proprietary solar sales and design software, OneRoof Energy helps homeowners find a finance option that is best suited to their individual lifestyle and budget, including the zero-down lease option.
Its 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. OneRoof Energy is led by a seasoned management team of renewable energy and finance veterans with proven track records of making energy independence a reality. Currently, the company serves homeowners throughout Arizona, California, Hawaii and Massachusetts 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.
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SOURCE: OneRoof Energy, Inc.
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