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Real Goods Solar, Inc. (RSOL) To Power 18 California Schools

|Includes: RGS Energy, Inc. (RGSE)

RGS Energy, the commercial and utility division of Real Goods Solar, will provide 18 schools and facilities in California's Stockton Unified School District Area with 5.1 megawatts (MW) of solar-based power that will bring clean energy to those buildings. The installations are expected to save the district over $600,000 in the first year, with those savings hoping to help the district in other important areas.

The agreement will allow the district to pay less for energy costs over the next 25 years, per the power purchase agreement with RGS Energy and Smart Energy Capital (SEC). The environmental benefits are not to be ignored, with the equivalent of 1,000 cars being removed from the road, due to the absence of carbon dioxide emissions from conventional lighting and power methods.

"Going solar provides an exceptional real-world learning opportunity by reducing energy costs to free up funds that can be used to improve educational facilities and launch new learning programs for students," said SUSD Superintendent Dr. Steve Lowder. "We are proud to invest in renewable energy and set an example of environmental leadership."

RGS Energy, which has operations centers in numerous states, including California, will be responsible for construction, maintenance and monitoring of the systems.

"We have successfully deployed solar energy systems at many schools and academic institutions and are always impressed by the great value proposition that solar brings to the educational sector in particular," said Real Goods Solar CEO, Kam Mofid.

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