SOURCE: Borrego Solar

April 18, 2008 11:00 ET

Borrego Solar Systems Honored by bizSanDiego as One of San Diego's Fastest Growing Companies

Leading Designer and Installer of Solar Energy Systems Achieved 131 Percent Revenue Growth and Increased San Diego County Staff by 67 Percent From 2006 to 2007

EL CAJON, CA--(Marketwire - April 18, 2008) - Borrego Solar Systems, Inc., a leading designer and installer of grid-connected solar electric power systems, today announced that the company was honored as one of San Diego's fastest growing companies as part of bizSanDiego's annual Fast Growth Awards. Thanks to a continually increasing number of homeowners and businesses electing to implement solar energy systems -- and Borrego Solar's industry-leading customer service -- the company's revenue grew by 131 percent from 2006 to 2007. As a result of this tremendous success, the company also increased the number of San Diego employees by 67 percent.

"Borrego has enjoyed tremendous success in recent years, thanks to the exponential increase in demand for solar energy and Borrego's impeccable reputation for its high-quality, reliable installation processes and customer service," said Aaron Hall, CEO of Borrego Solar Systems, Inc. "We are thrilled that our achievements have been recognized by bizSanDiego as part of its Fast Growth Awards. While 2007 was Borrego's most successful year to date, we anticipate making an even larger splash in 2008 and hope to be a mainstay on this list for years to come."

bizSanDiego's annual Fast Growth Awards honor the fastest growing companies in San Diego County. Judges factor in several components to determine winners, including percentage of revenue increase, revenue growth averages from the previous three years, local employee growth over the past year and market growth (including acquisitions, award recognitions, clients served and traction into other markets). In addition to its impressive growth from 2006 to 2007, Borrego Solar achieved a robust 87 percent revenue growth from 2004 to 2007. Over this time, the company expanded its presence to seven offices, including six in California (San Diego, San Francisco, Berkeley, Petaluma, Campbell and Orange County) and one in Boston.

"Our Fast Growth Awards take a very comprehensive, holistic view of San Diego's most outstanding companies. By basing winners on several important factors, we are able to develop a list of businesses that truly belong in the upper-echelon of local organizations," said Jon Hindman, editor of bizSanDiego. "Borrego Solar, like the other companies on our list, has demonstrated not only a great deal of recent success, but also the ability to grow the company in all key facets over a sustained period of time. These businesses are poised to continue their success well into the future."

About Borrego Solar

Established in 1980, Borrego Solar Systems, Inc. is one of the nation's leading designers and installers of commercial, residential and public sector grid-connected solar electric power systems. Borrego Solar's photovoltaic systems are efficient, reliable and cost-effective. With more than two decades of experience and more than 650 installations, Borrego Solar offers a complete line of design and installation services throughout California and New England. For more information, visit www.borregosolar.com.

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