RGS Energy Sees New California 2020 Solar Mandate Driving Demand for POWERHOUSE™ 3.0; Company Appoints Dow Solar Leader, John Hardwick, VP of Construction Services
REAL GOODS SOLAR (RGSE)
Last real goods solar earnings: 5/15 04:06 pm
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US:NASDAQ Investor Relations:
investors.rgsenergy.com/overview
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Source: GlobeNewswire
DENVER, May 10, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), the exclusive worldwide licensee of POWERHOUSE™, an innovative and visually stunning solar shingle system using technology developed by The Dow Chemical Company, expects California’s new 2020 solar mandate to drive even greater demand for POWERHOUSE™ 3.0. The California Energy Commission held a board vote on May 9 that established a new solar standard and mandate. Beginning in 2020, it requires on almost all new homes, condos and apartment buildings be equipped with solar power. While many municipalities across the country have enacted similar renewable energy mandates, California was the first to implement such a solar mandate statewide. In California, currently only 15 to 20 percent of new single-family homes are built with solar power, according to the California Building Industry Association. So, the impact of the new mandate could boost this market by five or six times. The Dow Chemical Company sold earlier g
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