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Verengo Inc. Expands Into Connecticut

Nation's Leading Residential Specialist Cites High Electricity Rates and Customer Incentives As Key Market Drivers

TORRANCE, CA and EAST BERLIN, CT--(Marketwired - April 29, 2014) - Verengo Inc., the nation's leading residential solar specialist, today announced its expansion into Connecticut, offering homeowners relief from the high rates they currently pay for electricity, and cementing its role as the nation's leading residential solar installation specialist.

"According to a state report* last month, residential consumers in Connecticut are overpaying for power by an estimated $13.7 million a month," said Verengo Co-Founder and President Ken Button. "That's money families aren't able to spend on food, clothing, education or a night out."

"Unlike other national solar companies, Verengo operates exclusively in the residential sector," Button continued, "Which is why we are in a unique position to use our business scale and expertise to help thousands of Connecticut homeowners meaningfully cut -- not overpay -- their electricity bills while at the same time reduce their carbon footprint and lock in long term savings."   

"Verengo's expansion into Connecticut is a testament to the state's commitment to solar power. Market-building programs like Solarize Connecticut are putting families and businesses in control of their utility bills and electricity supply like never before, which is in turn delivering real benefits to Connecticut's economy, public health, and electricity grid," said Hannah Masterjohn, Program Director of New Markets for citizen's advocacy group Vote Solar.

Verengo co-founder and CEO Randy Bishop underscored the incentives available for solar customers in Connecticut. Said Bishop, "When you combine the state's purchase rebate and permit simplification programs with the federal tax credit and nationwide trend of falling solar prices, we wholeheartedly agree with Solarize Connecticut's description of their rooftop solar outreach as a 'once in a lifetime bargain'. We consider Connecticut a model for other states."

Verengo offers customers a wide array of financing options. "By making solar power so affordable, we're able to make clean energy accessible to a wide range of homeowners," said Bishop. "And best of all, it's very easy to get started."  

"Team Verengo is thrilled to be part of the renewable energy economy in Connecticut," said Verengo Director of Sales, David Sullivan. "Our expansion will bring in hundreds of local jobs to the state, including positions as installers, electricians and salespeople."

Candidates interested in joining Verengo's rapidly expanding team can submit their resume online at www.verengosolar.com/careers.

*Hartford Courant "Consumers in 'Competitive' Electricity Markets Overpay $13.7M" March 13th, 2014

ABOUT VERENGO INC.

Verengo Inc. is changing the way America thinks about solar! Verengo is ranked #1 on the Solar Power World list of Top Residential Solar Contractors in the U.S., has been named to Inc. Magazine's List of America's Fastest Growing Companies and consistently maintains an A+ rating with the Better Business Bureau. The company markets, sells and installs solar photovoltaic systems, which enable homeowners to save money on their electricity bills and replace dirty electricity with clean, renewable energy. Verengo is now 1,000 employees strong, operating in CA, NJ, NY and CT. A recent survey found that 97% of Verengo customers would refer the company to their friends and family. The company has earned this recognition and customer satisfaction by making solar easy and affordable for its customers and delivering superior customer service. For more information on Verengo Solar, visit www.verengosolar.com.

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