Expansion of Crius Solar operational capabilities in three states poised to deliver enhanced customer value and improved installation times
NORWALK, CT, Dec. 15, 2016 /PRNewswire/ - Crius Solar, LLC, a wholly owned subsidiary of Crius Energy Corporation ("Crius" or the "Company") today announced that its solar energy business has achieved a new milestone, securing licenses in the Commonwealth of Massachusetts, Connecticut and New Jersey. The licenses affirm Crius Solar's commitment to the safe and quality installation of solar PV systems in collaboration with local licensed electricians, and other non-electrical building professionals as needed. In addition, with better control over customer wait times for solar energy installations, Crius Solar plans to improve the overall level of solar energy service provided to Massachusetts homeowners.
"Crius Solar is honored to formally become a part of Massachusetts' full-service solar energy community," explained Christian McArthur, Executive Vice President. "Recent enhancements to our solar capabilities will help the Crius Solar team expertly manage a customer from interest through to installation, delivering a superior, worry-free solar experience that helps the environment and our customers' energy budgets."
In addition to solar energy system installations, Crius Solar will offer customers in Massachusetts an exclusive, low rate on 100% green energy supply through its sister brand, Better Business Bureau A+-rated Public Power. Designed to deliver value to Crius Solar customers before panels are even on the roof, the innovative ConnectNow electricity product bridges homeowners to the time when they will be generating their own clean, affordable energy.
"We're thrilled that the site of the first U.S. colony is also where Crius Solar begins to turn our vision of providing a better solar experience into reality," McArthur noted. "As one of the few full-service solar energy providers integrated with a leading retail energy supplier, Crius Solar is uniquely positioned to raise the bar on going solar in Massachusetts. We look forward to serving residents of the Commonwealth for decades to come."
As of the end of 2015, Massachusetts had 1,243 MW of installed solar electric capacity, ranking it sixth nationally and reflecting 10% growth in solar capacity over 2014. A key driver of this growth is the Massachusetts Residential Renewable Energy Income Tax Credit. Under this credit, the owner of a solar energy system can deduct 15% of the cost of the system (up to $1,000) from their state income taxes. This state incentive is in addition to the recently extended solar Investment Tax Credit (ITC) provided by the U.S. federal government. The ITC currently allows homeowners to subtract up to 30% of the amount spent on a solar energy system from their tax bill, thus effectively reducing the overall amount paid. Massachusetts residents also benefit from some of the nation's best solar policies including net metering, where solar homeowners receive bill credits for their solar electricity at the same retail rate that they pay for their electricity in the Commonwealth.
Crius Solar's parent company, Crius Energy, recently announced two transactions designed to expand and rapidly transform its solar energy business. The Company acquired a proprietary residential solar technology platform, customer lead databases, marketing materials and human capital from SunEdison in September 2016 and is set to acquire certain residential solar installation assets from Verengo Solar. Once complete, the Company's solar business will transition from a solar product reseller to a fully integrated solar company with the technology, team, expertise, and a track record of more than 20,000 residential solar installations dating back to 2008. Crius Solar plans to leverage these enhancements, as well as innovative bundled products from Crius Energy, to provide additional customer value and claim marketshare in the fast-growing solar energy industry.
About Crius Solar
Crius Solar is an exciting and rapidly growing member of the Crius Energy family of brands that bridges the gap between the retail and solar energy industries. Our services span the entire solar project lifecycle including marketing, sales, design, installation and financing solutions. Our goal is to transform the traditional utility model by promoting the spread of a greener, more sustainable source of energy to everyday homeowners while also saving them money relative to their current electric utility. Learn more at: http://www.criussolar.com/
SOURCE Crius Solar