Full-Service Solar In The Constitution State: Crius Solar Becomes Licensed in Connecticut

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 Connecticut, New Jersey, and the Commonwealth of Massachusetts. 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 Connecticut homeowners.

"Crius Solar is honored to formally become a part of Connecticut's 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."

Connecticut is one of the fastest growing solar markets, with installed solar capacity expanding by 64 percent over the last year. After the Connecticut Property Assessed Clean Energy (C-PACE) program fueled accelerated solar adoption among municipalities and commercial property owners, the state's Residential Solar Investment Program (RSIP) is helping to "green" Connecticut homes. RSIP provides rebates that lower initial out-of-pocket costs to Connecticut homeowners who wish to install a solar energy system. 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. Connecticut residents also benefit from other incentives that help pay for solar installations as well as a statewide net metering policy, where homeowners receive bill credits for their solar electricity.

"We're thrilled that the home of Crius Energy's global headquarters is also where we begin 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 Connecticut. We look forward to serving residents of The Constitution State for decades to come."

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