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Real Goods Solar, Inc. (RSOL) Wins Contract From Ironhouse Sanitary District In California

|Includes: RGS Energy, Inc. (RGSE)

Real Goods Solar is one of the country's pioneering solar energy firms serving residential, commercial, and utility customers nationwide. It sold one of the first photovoltaic panels in the U.S. in 1978 and has since installed more than 15,000 solar power systems, representing well over 100 megawatts of clean, renewable energy.

The company's commercial and utility division, RGS Energy, has been selected by Ironhouse Sanitary District (NYSE:ISD) to deploy a 1.1 megawatt solar power system at its water recycling facility and administration building in Oakley, California. The ISD maintains sanitary services for nearly 38,000 customers in the Bethel Island and Oakley, California, area.

RGS Energy will design, install, monitor, and maintain the solar power systems for Ironhouse Sanitary District. The installation will consist of a one megawatt single-axis tracking system and a 60 kilowatt carport, which will generate in excess of 2.3 million kilowatt hours of solar electricity annually to power the facilities. Construction is slated to begin this autumn and to be completed in the first quarter of 2014.

The decision to have a solar power facility built was a no brainer for Ironhouse Sanitary District. Its current electricity bill at these facilities is more than $600,000 annually. The system to be installed by RGS Energy is expected to shave off at least $95,000 from its electric bill in the first year alone. Over the next 25 years, ISD estimates the savings should amount to nearly $6 million.

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