Solar Power, Inc. has signed a deal to sell the residential business serving Sacramento to Paramount Energy Solutions.
Roseville-based company, works locally as Yes! Solar Solutions ®, and serves the residential solar market in Sacramento, Placer, Yolo and El Dorado area.
“The residential solar business can be challenging in the current economic climate, especially with respect to financing residential solar systems through conventional means", said Steve Kircher, Chairman and CEO of Solar Power, Inc.
“Paramount Energy Solutions has developed innovative and successful financing solutions for homeowners", Kircher pointed out.
“This agreement is a win-win for all involved. We’re proud to share an exclusive alliance with Paramount Energy Solutions in the development of the residential solar market. This allows us to focus on our core competencies and operational strengths as we continue to pursue a growing number of distributed generation and utility-scale solar developments", Kircher concluded.
The transaction was completed at 12-08 between Solar Power, Inc. and Paramount Equity, parent company of Paramount Energy Solution.
