IES Renewable Energy Announces Partnership with Sunrun

  IES Renewable Energy Announces Partnership with Sunrun

Business Wire

HOUSTON -- March 18, 2013

IES Renewable Energy, LLC (“IES Renewable”), a residential solar energy
integrator and installer and indirect wholly-owned subsidiary of Integrated
Electrical Services, Inc. (or “IES”) (NASDAQ: IESC), announced that it has
entered into a new partnership with Sunrun, one of the nation’s leading home
solar companies. Through this partnership, IES Renewable will design, engineer
and manage the installation of residential solar systems. Sunrun will own,
insure, monitor and maintain the equipment, so homeowners can go solar without
high upfront cost or responsibilities of ownership and upkeep.

“The partnership with Sunrun allows us to expand our solar service offerings
and strengthen our appeal to those homeowners looking for a green energy
alternative,” said Dwayne Collier, President of IES Renewable and IES
Residential, Inc. “This is a great opportunity in the state of California,
which has been a leader in supporting solar.”

“This partnership with IES Renewable allows us to provide affordable solar and
quality service to more homeowners in California,” said Sunrun co-CEO Edward
Fenster. “We remove high costs and hassle to make the switch an easy choice
for more homeowners.”


Sunrun is the nation’s leading home solar company and invented solar power
service, a way for homeowners to go solar without the high upfront costs.
Sunrun owns, insures, monitors and maintains the solar panels on a homeowner’s
roof, while families pay a low rate for clean energy and fix their electric
costs for 20 years. Since Sunrun introduced solar power service in 2007, it
has become the preferred way for consumers to go solar in the nation’s leading
solar markets. More than 30,000 homeowners in 10 states have chosen Sunrun,
and the company partners with over 25 leading local solar companies who
together employ more than 3,000 workers. Sunrun has attracted enough capital
to support the purchase of $1.5 billion in solar systems from investors
including U.S. Bancorp and raised $145 million in venture capital from Accel
Partners, Sequoia Capital, Foundation Capital, and Madrone Capital Partners.
For more information visit:


Integrated Electrical Services, Inc. is an infrastructure services company
that enjoys leading positions in a broad range of markets for electrical and
communications products and services. Our 2,500 employees serve clients
throughout the United States. For more information about IES, please visit

Certain statements in this release, including statements regarding the
restructuring plan and total estimated charges and cost reductions associated
with this plan, are "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, all of which are based upon various estimates and assumptions
that the Company believes to be reasonable as of the date hereof. In some
cases, you can identify forward-looking statements by terminology such as
“may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,”
“anticipate,” “believe,” “seek,” “estimate,” “predict,” “potential,” “pursue,”
“target,” “continue,” the negative of such terms or other comparable
terminology. These statements involve risks and uncertainties that could cause
the Company's actual future outcomes to differ materially from those set forth
in such statements. Such risks and uncertainties include, but are not limited
to, fluctuations in operating activity due to downturns in levels of
construction, seasonality and differing regional economic conditions;
competition in our respective industries, both from third parties and former
employees, which could result in the loss of one or more customers or lead to
lower margins on new projects; a general reduction in the demand for our
services; a change in the mix of our customers, contracts and business; our
ability to successfully manage projects; possibility of errors when estimating
revenue and progress to date on percentage-of-completion contracts; inaccurate
estimates used when entering into fixed-priced contracts; challenges
integrating new businesses into the Company or new types of work or new
processes into our divisions; the cost and availability of qualified labor;
accidents resulting from the physical hazards associated with our work and the
potential for accidents; success in transferring, renewing and obtaining
electrical and construction licenses; our ability to pass along increases in
the cost of commodities used in our business, in particular, copper, aluminum,
steel, fuel and certain plastics; potential supply chain disruptions due to
credit or liquidity problems faced by our suppliers; loss of key personnel and
effective transition of new management; warranty losses, damages or other
latent defect claims in excess of our existing reserves and accruals; warranty
losses or other unexpected liabilities stemming from former divisions which we
have sold or closed; growth in latent defect litigation in states where we
provide residential electrical work for home builders not otherwise covered by
insurance; limitations on the availability of sufficient credit or cash flow
to fund our working capital needs; difficulty in fulfilling the covenant terms
of our credit facilities; increased cost of surety bonds affecting margins on
work and the potential for our surety providers to refuse bonding or require
additional collateral at their discretion; increases in bad debt expense and
days sales outstanding due to liquidity problems faced by our customers;
changes in the assumptions made regarding future events used to value our
stock options and performance-based stock awards; the recognition of potential
goodwill, long-lived assets and other investment impairments; uncertainties
inherent in estimating future operating results, including revenues, operating
income or cash flow; disagreements with taxing authorities with regard to tax
positions we have adopted; the recognition of tax benefits related to
uncertain tax positions; complications associated with the incorporation of
new accounting, control and operating procedures; the financial impact of new
or proposed accounting regulations; the ability of our controlling shareholder
to take action not aligned with other shareholders; the possibility that
certain tax benefits of our net operating losses may be restricted or reduced
in a change in ownership; credit and capital market conditions, including
changes in interest rates that affect the cost of construction financing and
mortgages, and the inability for some of our customers to retain sufficient
financing which could lead to project delays or cancellations; the sale or
disposition of the shares of our common stock held by our majority
shareholder, which, under certain circumstances, would trigger change of
control provisions in contracts such as employment agreements and financing
and surety arrangements; and additional closures or sales of facilities could
result in significant future charges and a significant disruption of our
operations. You should understand that the foregoing, as well as other risk
factors discussed in this document and in the Company’s annual report on Form
10-K for the year ended September 30, 2012 and the Company's quarterly report
on Form 10-Q for the quarter ended December 31, 2012, could cause future
outcomes to differ materially from those expressed in such forward-looking
statements. The Company undertakes no obligation to publicly update or revise
any information, including information concerning its controlling shareholder,
net operating losses, restructuring efforts, borrowing availability, or cash
position, or any forward-looking statements to reflect events or circumstances
that may arise after the date of this release.

Forward-looking statements are provided in this press release pursuant to the
safe harbor established under the private Securities Litigation Reform Act of
1995 and should be evaluated in the context of the estimates, assumptions,
uncertainties, and risks described herein.

General information about Integrated Electrical Services, Inc. can be found at under "Investors." The Company’s annual report on
Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, as
well as any amendments to those reports, are available free of charge through
the Company’s website as soon as reasonably practicable after they are filed
with, or furnished to, the SEC.


Integrated Electrical Services, Inc.
James Lindstrom, 203-992-1111
ICR Inc.
Phil Denning, 203-682-8246
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