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REC Solar Concludes 2010 as California’s Largest Residential Solar Installer

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					REC Solar Concludes 2010 as California’s Largest
Residential Solar Installer
Company Footprint Grows Nationally, Driving Cost Reductions in Residential Solar

February 24, 2011 07:03 AM Eastern Time 

SAN LUIS OBISPO, Calif.--(EON: Enhanced Online News)--On the heels of a significant year in terms of growth
and expansion, leading solar electric system provider REC Solar maintained its momentum as one of the fastest
growing installers in the United States, and topped the California Solar Initiative (CSI) rankings as the state’s largest
residential installer in terms of megawatts installed in 2010. With more than 17 MW of residential solar deployed
across the state of California, the company continues to hold its distinct market position as the largest installer of
residential solar since the CSI program began, in addition to being the largest residential installer in 2010.

Outside of California, the company also experienced significant growth with Colorado, Arizona and New Jersey
recording double-digit gains, topped by a 110 percent year-over-year rise in revenues in Arizona.

REC Solar’s residential leadership position is driven in part by its success in reducing the cost of solar for
consumers. Since the start of the CSI program, the company has made significant reductions in the cost of designing
and installing a home solar electric system. System automation of key supply chain components including inventory
management, engineering, installation, and rebate and interconnection processes, combined with in-house
development of components such as REC Solar’s proprietary racking system, have been instrumental in driving price
declines.

In addition to continued growth in the residential sector, REC Solar rapidly expanded its commercial installation arm.
The company secured commercial, federal and municipal installation agreements totaling more than 27.2 MW,
including a 2.9 MW installation for the Southwest Arizona VA Health Care System and a 1.1 MW system installed
at the City of Madera Wastewater Treatment Facility. Additionally, REC Solar completed the largest operating solar
installation in Hawaii—a 1.2 MW installation on the island of Kauai that will supply the Kauai Island Utility
Cooperative with solar power through a power purchase agreement.

“What’s driving growth is economics, and the solar industry is facing a bright future,” said Angiolo Laviziano, CEO
of REC Solar. “Energy costs keep rising while the cost of solar keeps falling. There are places in the U.S. where
solar can compete effectively against utility rates without the help of incentives. By 2020, solar will be competitive
with utility rates in the vast majority of the U.S., and that’s very exciting for us. It bodes well for the solar industry
and for the U.S.” 

“We have pursued strategic improvement initiatives across the entire value chain to deliver superior products and
services to all of our customers,” said Kam Mofid, President of REC Solar. “Our extensive sales, engineering and
operational capabilities allowed us to successfully grow our presence in all segments, design and install our largest
ever systems and enter the new year very well positioned for continued growth both in our current and in new
markets. I look forward to another record year in 2011.” 

About REC Solar, Inc.

REC Solar is an industry leading solar power provider specializing in grid-tied residential and commercial
installations. With a local presence in all major solar markets in the USA and thousands of kilowatts installed, REC
Solar is committed to lowering the cost of solar power through efficient processes, innovative products and
outstanding customer service. REC Solar has more than a dozen offices in six states (California, Colorado, Hawaii,
Oregon, Arizona and New Jersey) serving customers in eleven states. For additional information on REC Solar visit
www.recsolar.com or call 1-888-OK-SOLAR (888-657-6527).

Contacts
Antenna Group for AEE Solar
Caitlin Cieslik-Miskimen
415.977.1922
caitlin@antennagroup.com

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Description: SAN LUIS OBISPO, Calif.--(EON: Enhanced Online News)--On the heels of a significant year in terms of growth and expansion, leading solar electric system provider REC Solar maintained its momentum as one of the fastest growing installers in the United States, and topped the California Solar Initiative (CSI) rankings as the state’s largest residential installer in terms of megawatts installed in 2010. With more than 17 MW of residential solar deployed across the state of California, the company co a style=
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