OneRoof Energy Continues Robust Growth with $100 Million in New Financing

  OneRoof Energy Continues Robust Growth with $100 Million in New Financing

Morgan Stanley, MySolar℠ invest in OneRoof Energy’s solar financing programs,
          taking company to more than $200 million in total funding

Business Wire

SAN DIEGO -- February 28, 2013

OneRoof Energy, Inc., one of the nation’s fastest growing solar finance
providers, announced today that it has secured an agreement for the
acquisition of up to $100 million in residential solar projects with MS Solar
Holdings Inc., an indirect, wholly-owned subsidiary of Morgan Stanley (NYSE:
MS), and Main Street Power Company, Inc., a North American solar developer and
owner/operator, through the expansion of their existing MySolar^SM 
residential lease financing platform. Debt financing for the newest MySolar^SM
fund (MySolar II, LLC) will be provided by National Bank of Arizona.

The MySolar^SM finance platform will enable OneRoof Energy to offer solar
lease financing to greater numbers of American homeowners in Arizona,
California, Colorado and Hawaii through its network of qualified solar dealers
and installers. With the new investment, OneRoof Energy has raised and secured
commitments for more than $200 million in corporate capital, project financing
and tax equity funding since it closed its first tax equity fund in September
2011.

The recent investment recognizes the success of OneRoof Energy’s Solar Finance
program, which provides homeowners with flexible financing options that remove
the prohibitive capital investment required to purchase solar electric
systems. With solar lease financing, homeowners can pay little to nothing down
while targeting savings of, on average, between five and 25 percent on their
electricity bill. According to data provided by the California Solar
Initiative (CSI), this year more than 70% of all California solar
installations are expected to be financed via a third party investment like
MySolar^SM.

“We are committed to expanding solar solutions across the country and this
program will reach a vast number of homeowners that wouldn’t otherwise be able
to afford renewable energy,” Martin Mobley, Executive Director, Morgan Stanley
said. “Our partnership with accomplished solar providers such as Main Street
Power and OneRoof Energy provides unique collaborative opportunities and helps
ensure a successful program deployment.”

“We are excited to partner with Morgan Stanley and Main Street on this
investment, as it represents a strong vote of confidence in our future,” said
David Field, CEO and president of OneRoof Energy. “With this significant
investment, we are one step closer to changing the way American homeowners
access solar electricity.”

Since its inception in 2011, OneRoof Energy has continued its aggressive
growth through its channel development and expanded services, and has added
alliances with more than 100 installers in four states. The company estimates
it will supply solar to more than 10,000 homes in 2013. During 2012, OneRoof
Energy expanded staffing by more than 300 percent creating 60 direct green
jobs in the local community. The company offers a vertically integrated,
scalable and cost-effective platform for the sale, distribution and financing
of residential solar electric systems in the United States.

For more information about simple solar financing options, or to explore an
alliance with OneRoof Energy, visit www.oneroofenergy.com.

About OneRoof Energy

Headquartered in San Diego, Calif., OneRoof Energy® has quickly become one of
the nation’s fastest growing solar finance providers. OneRoof Energy offers
simple and affordable solar financing programs that people can trust. OneRoof
Energy provides homeowners with financing options for solar electric systems,
while receiving industry-leading warranties, eliminating the prohibitive
up-front capital investment and providing ongoing maintenance. Beyond
exceptional financing, OneRoof Energy offers highly innovative technologies,
and some of the best warranties in the industry. OneRoof Energy believes in
the collaborative power of people and their ideas. We bring together the most
reputable electricians, solar installers, roofers, project managers and solar
finance experts to manage the entire process with ease and expertise.

OneRoof Energy is rapidly expanding into new markets, including Hawaii,
Arizona and Colorado, with additional markets opening soon. Strategic
investors in the company include Hanwha Group, Black Coral Capital and
Altenergy Holdings, LLC. For more information, visit www.oneroofenergy.com.

About MS Solar Holdings

MS Solar Holdings Inc. (MSSH) is an indirect wholly owned subsidiary of Morgan
Stanley (NYSE: MS), one of the world’s leading financial institutions. MSSH
focuses on making equity investments in companies that own, directly or
indirectly, solar photovoltaic PV projects.

About National Bank of Arizona (NB|AZ)

With a smart approach to financing, National Bank of Arizona (NB|AZ)
understands the entrepreneurial spirit of Arizona business. Founded in Tucson
in 1984, NB|AZ is a full-service community bank offering unique business and
personal financial solutions that help customers manage and grow their bottom
line. With more than $4.5 billion in assets, NB|AZ is backed by the strength
of Zions Bancorporation, one of the top 20 domestic bank holding companies in
the U.S. with total assets of $53 billion. NB|AZ operates branch locations in
more than 50 communities supporting the vision of successful individuals and
businesses throughout the state of Arizona. Stop by any of the more than 70
branches of NB|AZ for local and personalized service from a loyal banking
partner. For more information, visit www.nbarizona.com.

About Main Street Power Company, Inc.

Main Street Power Company, Inc. is a developer, owner and operator of
distributed generation solar projects. The company works with EPC providers
and financiers to structure complete turnkey solutions with no upfront capital
outlay for schools, municipalities, universities, corporations and nonprofit
entities. Services include power purchase agreements, leases and other
innovative financing solutions. Through our ongoing business relationship with
MS Solar Solutions, Main Street has closed financing on and currently owns and
operates over 40 MW’s of distributed generation solar projects across North
America.

Contact:

Allison+Partners
Richard Kendall, 619-533-7971
ore@allisonpr.com
 
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