SOURCE: Verengo Solar

Verengo Solar

March 12, 2012 03:00 ET

Verengo Solar Continues to Lead California in Residential Sales and Job Growth

Verengo Solar Is CA's Sales Leader in Three of Last Four Months; Co-Founders Attribute Trend to Increased Affordability Due to Zero Down Leasing, Company's Appeal to Middle Income Homeowners

TORRANCE, CA--(Marketwire - Mar 12, 2012) - Verengo Solar is once again the residential sales leader in California for the months of January and February, and is on track to become the leading residential solar company in California, the nation's largest solar market. Data released this week by the California Solar Initiative (CSI) shows Verengo is the state's leader in total sales for both January and February. Verengo also reported adding 44 new jobs in January and 40 new jobs in February, in addition to the 400 employees the company hired in 2011.

"We expect to add another 400 jobs this year as well," CEO and Co-Founder Randy Bishop told CBS Evening News reporter Bill Whittaker in a recent interview about the growth of residential solar.

Bishop attributes Verengo's success to the company's ability to connect with middle income homeowners, who previously considered solar as a luxury.

"Because of the new financing options we offer our customers like zero down leasing, the public perception of home solar is catching up with the economic reality of the marketplace. It's also helped that solar panel prices have fallen nearly 50% this year," Bishop said. "That's a savings of three to five thousand dollars for a medium-size home," Bishop told Whittaker.

"With the drop in prices brought on by recent technological and permitting advances, lower panel costs and increased financing options, home solar is now affordable to most Californians," said Verengo President and Co-Founder Ken Button. "More and more middle income homeowners are choosing Verengo because they understand with today's financing opportunities, such as zero down leasing, they no longer have to make a large upfront investment. They can start saving money on lower utility rates immediately and lock in those rates for 20 years to come."

California families can sign up here for a free consultation to see if their home is right for solar.

VERENGO SOLAR is changing the way America thinks about solar! As the #1 residential solar integrator based in Southern California, Verengo offers comprehensive financial options and superior customer service, and consistently earns an A+ with the Better Business Bureau. Verengo has significantly reduced carbon emissions through its solar power systems, accomplishing the equivalent of planting 192,000 acres of trees, taking more than 76,000 cars off the road and saving homeowners $160 million in energy costs over the lifetime of Verengo's installed systems to date. For more information on Verengo Solar, please visit www.VerengoSolar.com.

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