Real Goods Solar to Deploy 1.1 MW Solar Power System for Ironhouse Sanitary
Solar Project Expected to Reduce Electricity Costs by More Than $5.9 Million
Over the Next 25 Years
LOUISVILLE, Colo., Aug. 29, 2013 (GLOBE NEWSWIRE) -- RGS Energy, the
commercial and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), has
been selected by Ironhouse Sanitary District (ISD) to deploy a 1.1 megawatt
(MW) solar power system at its water recycling facility and administration
building in Oakley, California.
RGS Energy will design, install, monitor and maintain the solar power system
at the water recycling facility and the administration building. The
installation will be comprised of a 1 MW single-axis tracking system and 60
kilowatt carport system, which will generate more than 2.3 million kilowatt
hours of solar electricity per year to power the facilities. Construction is
scheduled to begin in the fall of 2013 and be completed in the first quarter
ISD's current electrical cost for these facilities is more than $600,000 per
year, but harnessing energy from the sun is expected to reduce the company's
cost of electricity by at least $95,000 in the first year alone, with a total
savings of more than $5.9 million over the next 25 years. Over that 25 year
period, the solar energy produced is expected to offset more than 89 million
pounds of carbon dioxide emissions, or equivalent to taking more than 8,400
cars off the road (per EPA-based data).
RGS Energy's financing partner, Smart Energy Capital, brokered a power
purchase agreement between ISD and Constellation Energy Group, an energy
supplier and business unit of Exelon. The agreement allows ISD to purchase the
solar energy generated on site at less than market rates while funding 100% of
the installation cost.
"RGS Energy showed us how going solar can be a sound and easily affordable
investment, while providing significant environmental benefits to the
community we serve," said Jenny Skrel, ISD's district engineer. "This new
solar power system will drastically reduce our electrical costs and decrease
our carbon footprint, while requiring zero capital to implement."
Tim Seamans, RGS Energy's general manager, commented: "We are proud to bring
100% clean renewable energy to the Ironhouse Sanitary District facilities.
They are a perfect example of how a water recycling district can better serve
the community by trimming costs and being good stewards of the environment."
About Ironhouse Sanitary District
In existence since 1945, Ironhouse Sanitary District (ISD), located in Oakley,
California, utilizes a staff of 32 field and office personnel to maintain
sanitary services for nearly 38,000 customers in the Oakley and Bethel Island
area. The district treats approximately 2.5 million gallons of wastewater
every day at its modern treatment facility. Reclaimed water is applied to 334
acres of agricultural land on Jersey Island and discharged into the San
Joaquin River. For more information, visit www.ironhousesanitarydistrict.com.
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (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 15,000 solar power systems
representing well over 100 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 14 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
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
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
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