SUN BUILDER BUYS ROOFER

Solar Rainbow Acquires Stake in Roofing Company as Solar Installations in the State Increase; New Jersey Is a Leader in Solar Power with Over 8,500 Solar Installations
March 28, 2011 (Solar Rainbow Services)

"…Solar Rainbow Services, a leader in the design and installation of large-scale solar electric systems for commercial customers of all sizes, announced the acquisition of a stake in More Core Commercial Roofing, a commercial roofing company…

"A rooftop solar installation has a lifespan of 25-years…[T]o take advantage of the full life of the system, the roof must also last 25-years…[and] repairs to solar integrated rooftops are very expensive as the solar panels must be relocated to service the roof."

Commercial rooftops present uniques opportunities and challenges (click to enlarge)

"The roofing business has skyrocketed in New Jersey due to the increase in solar photovoltaic energy systems being installed…New Jersey has the most aggressive solar renewable energy certificates (SREC’s) based incentive programs in the Northeast which has led to over 8,500 solar installations. Additionally, the New Jersey Master Plan has set the goal of generating 20% electricity renewable sources by 2020.

"More Core Construction, a company specializing in residential work…[recently expanded] into the commercial roofing sector and added More Core Commercial Roofing in 2010…Solar Rainbow has worked with More Core Commercial Roofing on…a 1 megawatt project on a 120,000 square foot roof…[and] a 1.3 megawatt project on a 400,000 square foot roof…"

Now THAT'S a commerical rooftop installation! (click to enlarge)

"Solar Rainbow is actively seeking rooftops to rent where they will install, own and operate solar systems under the Power Purchase Agreement (PPA) structure providing additional revenue to the property owner…up to fifty cents a square foot per year…[F]lat and unobstructed rooftops should be at least 50,000 square feet. Solar Rainbow re-roofs these properties to ensure that the roofs outlast the 15-year life of the lease.

"…Solar Rainbow manages every aspect of project execution-from site acquisition to engineering and long-term maintenance, so customers get all the benefits of solar power as quickly as possible. Solar Rainbow has 5 megawatt worth of projects currently under construction and an additional pipeline of about 25 megawatt commercial rooftop installations."