Real Goods Solar Selected by Home Service Oil Company to Deploy Solar Power Systems at Eight Gas Stations and Headquarters in Greater St. Louis 8:29 AM ET 11/15/13 | GlobeNewswire
Real Goods Solar, Inc. (Nasdaq:RSOL), a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has been selected by Home Service Oil Company to deploy solar power systems at eight gas station and convenience stores and its headquarters in the greater St. Louis area.
The project will total 378 kilowatts (kW) and is expected to generate approximately 478,000 kilowatt hours (kWh) annually.
Real Goods Solar will design, install, monitor and maintain the solar power systems. The project involves the deployment of solar power systems on the rooftop of the gas station and convenience stores. Construction is scheduled to begin in December 2013 and be completed in January 2014.
"Our selection of Real Goods Solar, a premier solar company in the country, to deploy solar energy at our locations will reduce our carbon footprint while generating significant electricity savings," said Zach Mangelsdorf, director of real estate and development at Home Service Oil Company. "We see this as a smart investment and a great way to use renewable energy in our operations. We also expect these rooftop solar systems to inspire greater customer loyalty by the many environmentally conscious customers we serve."
By harnessing energy from the sun, the gas station and convenience store chain expects to reduce the facilities costs of electricity by at least $43,000 in the first year. This is expected to add up to more than $1 million over the next 25 years, while eliminating more than 18 million pounds of carbon dioxide emissions or the equivalent of taking more than 1,757 cars off the road or not consuming 945,225 gallons of gasoline (per EPA-based data).
Justin Pentelute, Real Goods Solar's president of residential and small commercial systems, commented: "This win demonstrates our capabilities to pursue new market segments which have significant regional and national growth potential. Not only are we successfully executing our growth strategies in residential, but we are also gaining traction in small commercial systems that represents a fast-growing part of the market. We are proud to work with Home Service Oil Company and applaud their decision to go solar to reduce their operating costs and their carbon footprint."
About Home Service Oil Company
Home Service Oil Company is a supplier of heating oil, diesel fuels and gasoline. Deliveries made by professionally trained personnel can be made to homes, farms, construction sites and commercial accounts. The company also supplies racing gas, methanol, aviation gasoline, and Jet Fuel to name a few of its more popular specialty fuel products. Tanks, pumps and other petroleum equipment can be provided to meet most any fleet fueling need. Whether you're a farmer in need of 300 gallons of fuel for your tractor this season or an owner of a convenience station needing 8,000 gallons of fuel a day, Home Service Oil Company can readily meet your fuel needs. Home Service Oil Company. Where "Service" will always be our middle name. For more information, visit http://hsoil.com/.
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (Nasdaq:RSOL) is one of the nation's pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 16,000 solar power systems representing well over 110 megawatts of 100% clean renewable energy. Real Goods Solar 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. As one of the nation's largest and most experienced solar power players, the company has 17 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information, visit RealGoodsSolar.com or RGSEnergy.com, on Facebook at http://facebook.com/realgoodssolar and on Twitter at http://twitter.com/realgoodssolar.
Forward-looking Statements
This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the failure to close the Mercury acquisition, possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar's filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
CONTACT: Media and Investor Relations Contact Ron Both Liolios Group, Inc. Tel 1-949-574-3860 RSOL@liolios.com
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