Home Service Oil Company selects Real Goods Solar to deploy solar power installations at eight gas station and convenience stores and its headquarters in the greater St. Louis area. The 378kW project is expected to generate approximately 478,000kWh annually, saving more than $1 million over the next 25 years and and eliminating over 18 million pounds of carbon dioxide emissions.
Real Goods Solar (Nasdaq:RSOL) has been selected by Home Service Oil Company to deploy solar power systems at eight gas station and convenience stores and its headquarters in the greater St. Louis area. The project will total 378kW and is expected to generate approximately 478,000kWh annually.
Real Goods Solar will design, install, monitor, and maintain the solar installations. The project involves the deployment of solar power systems on the rooftops of the gas station and convenience stores. Construction is scheduled to begin in December 2013, and completion of the project is expected in January 2014.
“[Going solar] will reduce our carbon footprint while generating significant electricity savings,” said Zach Mangelsdorf, director of real estate and development at Home Service Oil Company. “We see this as a smart investment and a great way to use renewable energy in our operations. We also expect these rooftop solar systems to inspire greater customer loyalty by the many environmentally conscious customers we serve.”
The gas station and convenience store chain expects to reduce the facilities’ costs of electricity by at least $43,000 in the first year. This is expected to add up to more than $1 million over the next 25 years and eliminate more than 18 million pounds of carbon dioxide emissions — the equivalent of taking more than 1,757 cars off the road or not consuming 945,225 gallons of gasoline.
Justin Pentelute, Real Goods Solar’s president of residential and small commercial systems, commented: “This win demonstrates our capabilities to pursue new market segments which have significant regional and national growth potential. Not only are we successfully executing our growth strategies in residential, but we are also gaining traction in small commercial systems that represents a fast-growing part of the market. We are proud to work with Home Service Oil Company and applaud their decision to go solar to reduce their operating costs and their carbon footprint.”
Recently, Real Goods Solar was selected by Connecticut’s Clean Energy Finance and Investment Authority as a 2013 Solarize Choice Installer, and Alameda-Contra Costa Transit District selected the company to deploy a 425kW elevated solar power plant at its bus facility in Hayward, California.