April 18, 2014: NRG Acquires Roof Diagnostics Solar
Move Significantly Expands NRG’s Residential Solar Business, Complements Existing Network of Installers
PRINCETON, N.J. — NRG Energy Inc. has announced the acquisition of Roof Diagnostics Solar (RDS), to support and expand the company’s residential solar business. NRG said RDS will complement its network of independent solar installers and dealers and significantly increase the ability of NRG to meet the growing demand for residential solar services. Terms of the transaction were not disclosed.
“With the price of residential solar increasingly competitive with the retail price of power in multiple states, the time is now for NRG to ramp up its efforts to bring the benefit of self-generation to NRG’s millions of present and future retail electricity customers,” said David Crane, president and CEO of NRG Energy. “Roof Diagnostics Solar, its management, and all of its dedicated employees are a perfect fit with NRG as together we take a big step towards a national residential solar business platform. With residential solar sales expected to take off in the next few years, NRG wants and expects to meet the demand of Americans in every state who are seeking to benefit from the inexhaustible supply of clean energy provided by the sun while affording themselves greater independence from an increasingly less reliable electric grid.”