Borrego Solar Systems Announces New Strategic Focus and Market Expansion

EL CAJON, Calif.--(BUSINESS WIRE)--Borrego Solar Systems, Inc., a leading designer and installer of grid-tied solar electric power systems, today announced that the company will focus exclusively on its Commercial and Government Business Units, and expand its sales and installation operations to the Mid-Atlantic Region, beginning with the New York and New Jersey markets. In a related press release today, the company also announced the sale of its Residential Business Unit to groSolar of White River Junction, Vermont.

Effective immediately, Borrego will focus exclusively on commercial and government projects, which represented more than 75 percent of new revenue in 2008. Borrego finished 2008 with $60 million in revenue and more than $90 million in contracts, having completed some of the country’s largest projects in affordable housing, education and government. Moving forward, the company expects these markets to continue to outpace the residential market, allowing Borrego to have an even bigger impact on America’s conversion to clean and renewable solar power, and in creating “green collar” jobs in a number of regions around the country.

“For more than 25 years, we have been one of the premier designers and installers of residential solar projects, allowing families throughout California and Southern New England to benefit from low-cost, clean energy,” said Aaron Hall, President of Borrego Solar. “Our residential legacy combined with our recent commercial market success got us to where we are today—to a level of technical sophistication, service and scale that makes Borrego a natural fit for commercial and government customers. We believe that by focusing on those markets, we can have an accelerated impact on the economy and drive the next phase of U.S. solar adoption.”

The company also recently announced a $14 million round of venture financing which will allow Borrego to develop new, low-cost design and installation techniques for commercial and government customers. The financing will support Borrego’s expansion into new markets, like New York and New Jersey, giving it a much broader geographic reach.

Commercial and government customers in New York and New Jersey interested in a free solar system design consultation can contact Alex Sarly, director, Borrego Mid-Atlantic at asarly@borregosolar.com or (203) 240-0209 for more information.