Aug 17 2010
Solar Power, Inc. has entered into an agreement for selling off its residential business to Paramount Energy Solutions. Yes! Solar Solutions is the local brand of the company in Roseville for serving the residential solar markets in El Dorado, Yolo, Placer and Sacramento counties.
This transaction increases Solar Power’s focus on utility-scale developments and large-scale distributed generation of solar energy.
In the present economic climate, residential solar business could prove to be quite challenging, especially the financing of residential solar systems by way of conventional means. To this end, for homeowners, Paramount Energy Solutions provides successful and innovative financing solutions.
Paramount Energy Solutions, in less than a year of operation, has sold in excess of 500 solar systems for homeowners located in Arizona and California. Solar Power manufactures, designs as well as delivers photovoltaic (PV) solar systems to utility, government and commercial customers.