OneRoof Energy Adds Solar-Power Savings to Homeowner Roof Tiles
Feb. 22 (Bloomberg) -- OneRoof Vigour, a closely held San Diego-based solar company, will fritter away much of the $50 million acquired in its first funding round to buy residential power systems for as many as 1,200 homes.
OneRoof’s solar panels can twice as roofing tiles while generating electricity for the home. The company trains workers to instal the systems and then leases them to homeowners at little to no upfront rate, Chief Executive Officer David Field said in a phone meeting last week.
Field is scheduled to appear with San Diego Mayor Jerry Sanders today to divulge OneRoof’s plans to add about 100 jobs this year. The group was supported in its first financing round by Black Coral Important and other investors, Field said on Feb. 16. A second encircling is expected to close this year, he said.
Former California Governor Arnold Schwarzenegger in 2004 called for the affirm to have solar panels installed on a million roofs by 2017. To spur command for solar power and other forms of clean power, the U.S. Treasury Be sure of offers a 30 percent tax credit for construction projects using renewable verve. The subsidy is in place until 2016.
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