ROSEVILLE, Calif.--(BUSINESS WIRE)--Solar Power, Inc. announced today that it has reached an agreement to sell its residential business serving Sacramento to Paramount Energy Solutions. The Company’s Roseville-based operation, doing business locally as Yes! Solar Solutions®, serves the residential solar market in Sacramento, Placer, Yolo and El Dorado counties. The transaction marks a sharpened focus for Solar Power, Inc., on large-scale distributed generation and utility-scale solar developments. “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. PES aims to make going solar simple for its customers. The company provides financing, custom design, solar installation, permits, rebate paperwork, and ongoing solar system monitoring from a single source through its partnership with SolarCity®. With PES’s innovative financing options, customers are able to start saving money on their energy bills in the first month of service with no upfront costs. The transaction was executed on August 12th between Solar Power, Inc., and Paramount Equity, Paramount Energy Solution’s parent company. PES will begin working with Yes!’s prospective customers immediately.
