Real Goods Solar to Power 18 Stockton Unified School District Schools and Facilities with Solar Energy
LOUISVILLE, Colo., April 24, 2013 (GLOBE NEWSWIRE) — RGS Energy, the commercial and utility division of Real Goods Solar, Inc (Nasdaq:RSOL), and Smart Energy Capital (SEC), will provide Stockton Unified School District (SUSD) with 5.1 megawatts (MW) of solar power that will bring clean energy to 18 SUSD schools and facilities in California. The solar installations are expected to save the district $600,000 in the first year, which will directly benefit school programs and services district wide. The systems will allow the district to pay less for solar electricity over the course of the 25-year power purchase agreement (PPA), provided by SEC, a leading solar development and finance company. Moreover, the photovoltaic solar systems will deliver environmental benefits to the region, eliminating over 290 million pounds of annual carbon dioxide emissions, which is the equivalent of taking roughly 1,000 cars off California’s roads each year (according to the EPA calculator).