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REC Solar Achieves Milestone

REC Solar Achieves Milestone: Costco Install Marks 500th Solar Electric System for 2007

SAN LUIS OBISPO, Calif.--(BUSINESS WIRE)--REC Solar, a leading provider of residential and commercial solar electric systems, announced that during the first three quarters of 2007 the company has installed 546 solar electric systems, ranging in size from 1.0 kW to 700 kW, throughout California, Colorado, Hawaii and New Jersey. The recent groundbreaking ceremony in Kona, Hawaii for the Costco warehouse's 680 kW DC solar electric system, marked REC Solar's 500th installation in 2007.

According to Matthew Woods, Director of Sales and Marketing for REC Solar, "REC Solar has quickly grown to become a leading provider of solar electricity and now installs more solar systems on an annual basis than any

other solar provider in the US solar market."

REC Solar estimates it will install 43,000 solar electric panels on US homes and businesses in 2007. The panels installed by REC Solar in 2007 alone will produce 11.5 million kilowatt hours of power over the next 25 years and will improve the environment by reducing greenhouse gas emissions by 329 million pounds (the average American home creates approximately 13,000 pounds of greenhouse gas emissions from electricity per year).

Earlier this month REC Solar and Costco Wholesale announced their agreement to install a total of 2.5 Megawatts DC of solar electricity on four of Costco's warehouse locations in California and Hawaii. As a leader in the US solar industry, REC Solar continues to expand its presence in the commercial solar market by partnering with top organizations. REC Solar is currently working on several commercial projects for some of the nation's largest companies.

REC Solar has a total of twelve regional offices across the country, including nine in California--San Diego, Orange County, Ventura, Santa Barbara, San Luis Obispo, Bakersfield, Fresno, Sunnyvale, and Sacramento--plus Colorado, Hawaii, and New Jersey. REC Solar is continuing its rapid expansion into more states as it pursues its vision of bringing solar into the mainstream nationwide.

Comments (5)

Mike-
Is it getting more or less expensive for the average homeowner to "go solar"?

Are the panels going up or down in price?

Are the rebate programs still in effect?

Was I smart not going for it 2 years ago?

Because the electric rates for grid power have increased now's a better time than ever to invest in solar. That being said, yesterday was even better. Due to soaring demand the price of solar panels has increased this year by 3% while utility power has increased by over 70%. The rebate for solar has decreased from 3.20 a watt two years ago to 2.50 a watt today. Two years ago panels were in the 175 watt range and now we are in the 185 range, no huge changes to the technology, a little more efficient but no ground breaking new products. Inverters are now slightly more efficient. Two years ago would have been better, today is better than tomorrow and we all better do it quick or we're in a world of hurt.

ok thanx for the scoop

The continual advocating of alternative energy development financed of course by taxpayers money amounts to an Orwellian socialist nightmare that has never sustained itself in the free market place that built our great country, and it never will. The answer to energy independence is to produce more oil in the continental U.S. and nuclear power also. Let the energy companies function in a freemarket system free of government controls and our energy problems will be over in short order. We have to quit destroying our country by throwing our money away down the rat holes of alternative energy boondoggles that never work and never will in the projected future. In short we should wise up while we still can. See: JBS.org (search: alternative energy).-Ed Nemechek

Posted by: Ed Nemechek | October 12, 2007 02:45 PM

Ed

That's the silliest thing I've ever read. Are you in some kind of underground bunker? Are you not breathing the same air most of us breath? Are you not dependent on this earth for your life? Buddy, time to wake up from your right wing sleep walking.

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