Greenspring Energy Partners with SunRun in Maryland to Offer Home Solar Without High Upfront Costs

BALTIMORE, July 12, 2011 /PRNewswire/ -- Greenspring Energy, the premier solar installer in the Mid-Atlantic region, today announced the expansion of its partnership with national home solar company SunRun to the state of Maryland. This launch gives homeowners a way to go solar without paying thousands of dollars in upfront costs.

"SunRun has selected Greenspring Energy as a partner in the state of Maryland after successful collaboration in Pennsylvania over the past eight months," said SunRun President and Co-founder Lynn Jurich. "Greenspring has demonstrated quality and expertise in solar installations, as well as exemplary professional standards, and we are proud to expand to Maryland with them."

How does it work?  Greenspring Energy conducts a home solar site assessment to determine a household's typical energy usage and solar potential. From that assessment, a homeowner is presented with a custom-designed solar proposal for a system that will match their budget, most efficiently power their home, and generate the best and quickest return on investment. SunRun owns, maintains and insures the solar panels at no extra cost so homeowners don't have to worry about high initial investments or the hassles of servicing the system. The customer simply flips a switch to power their home by the sun, and pays a monthly fee for the power they use. Greenspring Energy designs and installs the solar system for the homeowner, providing local support that customers can count on.

"This new option makes it easier and more affordable than ever before for people in the state of Maryland to take advantage of the financial and environmental benefits associated with going solar," said Paul Wittemann, President and CEO of Greenspring Energy. "There are thousands of homeowners who want to go solar, but haven't been able to proceed because of the upfront costs. Now they can."

The benefits associated with choosing solar energy are significant. As utility rates are expected to continue to increase, solar electric and solar hot water systems give consumers the means to take control of their long term utility costs. Households that use solar technology reduce their monthly utility expenditures. Solar products can also increase a home's value, as more and more people are looking for homes with a low cost of living built in. Solar also reduces a household's carbon footprint.

SunRun is now available in the Maryland utility territories of BGE, PEPCO, Delmarva, SMECO and Allegheny.

Greenspring Energy is now scheduling home solar site assessments across the state of Maryland, with a goal to help as many homeowners as possible take advantage of this new opportunity. For further information or to schedule an appointment, please call Greenspring Energy at 443-322-7000 or visit www.greenspringenergy.com.

About Greenspring Energy

Greenspring Energy is a locally-owned, full-service solar company that helps customers identify the most efficient solutions to power their homes and businesses using energy from sunlight. An authorized provider of top quality solar electric and solar hot water systems, as well as other energy saving products and services, Greenspring Energy has completed more than 1,000 installations across the Mid-Atlantic region. Established in 2007, the company is headquartered in Timonium, Maryland, with additional operations in Reading, PA and Charlotte, NC.

About SunRun

SunRun, the nation's leading home solar company, is the smart and affordable choice for homeowners who want a clean alternative to their utility. SunRun offers solar power service, similar to a lease, allowing homeowners an affordable way to upgrade their homes to solar. More than 11,000 homeowners have chosen SunRun across Arizona, California, Colorado, Hawaii, Massachusetts, New Jersey, Oregon, and Pennsylvania. SunRun partners with over 25 leading local solar installers, who together employ more than 3,000 green-collar workers. SunRun has raised financing for more than $400 million in solar systems from PG&E Corporation and U.S. Bancorp and $85 million in venture capital from Accel Partners, Foundation Capital and Sequoia Capital. For more information, please visit: www.sunrunhome.com.

SOURCE Greenspring Energy