RGS Energy’s Sunetric Sees New Growth Opportunities with Hawaii PUC Decision to Add 20 Megawatts of Capacity to Customer Grid-Supply Program
REAL GOODS SOLAR (RGSE)
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Source: GlobeNewswire
DENVER and KAILUA, Hawaii, April 17, 2017 (GLOBE NEWSWIRE) -- Sunetric, a wholly-owned subsidiary of RGS Energy (NASDAQ:RGSE), is preparing to address the growth opportunities created by the decision made last week by the Hawaii Public Utilities Commission (PUC) to add 20 megawatts of capacity (or an estimated 2,800 rooftop solar systems) to its customer grid-supply (CGS) solar program. The CGS program provides utility customers a PUC-approved credit for any surplus electricity their solar installations export to the grid. The Hawaii PUC decision to expand capacity of its CGS program will help the state achieve its goal of 100% renewable energy by 2045. “As an established local brand and pioneer of the solar industry in the Hawaiian Islands, we applaud the recent decision of the PUC,” said Darren Jennings, vice president of Sunetric. “This move greatly enhances our opportunities for growth in this market, including our plans to expand our product offerings to include solar hot wat
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