Get a Free iQuote(R)

Sungevity Announces International Launch

Partnership with Dutch Solar Firm Zonline Makes Sungevity First
U.S. Residential Solar Company to Expand Internationally

OAKLAND, Calif., Nov. 16, 2011 /PRNewswire/ --

Sungevity®, Inc., recognized as a national leader in solar innovation and customer satisfaction, today announced that it is expanding internationally by taking an equity stake in new Dutch solar company, Zonline. Through the partnership, Sungevity will provide Zonline with its proprietary software tools, including the company's remote solar design services and brand identity assets, enabling the new Dutch company to quickly establish itself in the second highest priced energy market in Europe, and provide homeowners an easily accessible, competitively priced source of clean energy. Oakland-based remote solar design staff will generate iQuotes (Sungevity's online price quote) for prospective Zonline customers. The agreement between the two companies, which goes into effect on November 25, 2011, makes Sungevity the first U.S. residential solar company to expand internationally and serves as a proof point of the company's highly efficient, growth model.

"Our recent successful expansion to five Northeast states simultaneously was a significant proof point that our business model is highly scalable," said Danny Kennedy, President, Sungevity. "We are now excited about the opportunity to introduce our business model in Europe through our new partnership with Zonline."

"Sungevity is at the forefront of the solar leasing market with their best-in-class customer service and they have the most efficient and scalable business model in the residential solar industry," said Roebyem Anders, Chief Executive Officer, Zonline. "Leveraging Sungevity's tools and assets will allow us to ramp quickly and spur the adoption of clean, affordable energy to Dutch homeowners."

Sungevity has experienced a banner year in 2011 due to a successful East Coast expansion and a major partnership with Lowe's, the world's second largest home improvement retailer. Since January 2011, monthly sales have increased ten-fold and employee headcount has tripled to approximately 300 at the company's Oakland, CA headquarters. Overall, Sungevity has raised tax equity funds to support over $175 million in residential solar projects and has become one of the nations' fastest growing solar companies with a presence in eight states including Arizona, California, Colorado, Delaware, Massachusetts, Maryland, New Jersey and New York.

About Sungevity.com
Sungevity's online iQuote process and Solar Lease program make it easy and affordable for homeowners to benefit from solar power. Leveraging web-based solar analytics and satellite imagery, Sungevity can provide homeowners with a firm, same day quote without a home visit and provide savings on their electricity bills. This affordability and ease of use, combined with Sungevity's solar social network strategy, is all part of Sungevity's mission to accelerate solar into the mainstream. For more information, visit Sungevity.com.

About Zonline
Zonline is a new residential solar sales company based in Amsterdam, The Netherlands that provides Dutch homeowners with the most efficient, customer-centric solar energy solution. The company works with Dutch utility GreenChoice to provide financed solar energy contracts to households at competitive market rates. Zonline is partially owned by Oakland, California-based Sungevity and utilizes the company's proprietary software, brand identity assets and customer-focused user experience.

Request your free iQuote today!

Whoops

It looks like you're using a browser that we don't fully support. We've found that our site looks best on Firefox, Chrome, Safari and Internet Explorer 9+.