RGS Energy, 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., 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."