LOUISVILLE, Colo., Nov. 5, 2013 (GLOBE NEWSWIRE) -- RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), has been selected by Alameda-Contra Costa Transit District (AC Transit) to deploy a 425 kilowatt (kW) elevated solar power plant at its Hayward D6 Bus Facility in Hayward, California.
RGS Energy will design, install, monitor and maintain the solar power plant at the Hayward Bus Facility. The project involves the installation of a 14-foot high, 22,000-square-foot solar bus-port canopy. The canopy will be capable of generating more than 15 million kWh over the next 25 years. Construction is scheduled to begin by the end of the year and be completed by March 2014.
By harnessing energy from the sun, AC Transit expects to reduce the facility's cost of electricity by at least $40,000 in the first year. This is expected to add up to more than $1 million over the next 25 years, while eliminating more than 24 million pounds of carbon dioxide emissions or the equivalent of taking more than 2,340 cars off the road (per EPA-based data).
The solar project is funded by a grant awarded to AC Transit in 2010 by the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) Program, which is managed by the Federal Transit Administration's Office of Research, Demonstration and Innovation.
"AC Transit has taken significant steps over the past few years to reduce its environmental impact associated with facility energy use," said Dennis W. Butler, AC Transit's chief planning and development officer. "This new solar power plant will drastically reduce our Hayward facility's grid-sourced energy consumption as well as substantially lower our operating costs. We selected RGS Energy given the complex engineering and construction required of the project, which we believe RGS Energy has the necessary experience to effectively deploy."
Tim Seamans, RGS Energy's general manager, commented: "Public transportation and solar are ideal partners in reducing emissions while providing long-term economic benefits. We are proud to bring 100% clean renewable solar energy to AC Transit."
About AC Transit
The Alameda-Contra Costa Transit District is the third-largest public bus system in California, serving 13 cities and adjacent unincorporated areas in Alameda and Contra Costa counties. AC Transit has been serving the East Bay since 1960, taking over from the Key System and its predecessors, which carried passengers via buses, horse-drawn rail, electric streetcars, and ferries over the previous 100 years. AC Transit's mission is to provide safe, convenient, courteous, and reliable transit service. For more information, visit http://www.actransit.org/.
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (Nasdaq:RSOL) is one of the nation's pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 15,500 solar power systems representing well over 110 megawatts of 100% clean renewable energy. Real Goods Solar makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation's largest and most experienced solar power players, the company has 17 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information, visit RealGoodsSolar.com or RGSEnergy.com, on Facebook at http://facebook.com/realgoodssolar and on Twitter at http://twitter.com/realgoodssolar.
This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar's filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
CONTACT: Media and Investor Relations Contact: Ron Both Liolios Group, Inc. Tel 1-949-574-3860 RSOL@liolios.com
Source:Real Goods Solar, Inc.