TORRANCE, CA and VENICE, CA--(Marketwired - April 27, 2016) - Verengo Solar, Southern California's premier residential PV installer, and Swell Energy, California's leading home battery provider, jointly announced today a partnership that creates a one-stop home energy storage and backup power solution for the residential market.
Under the terms of the agreement, Verengo will leverage its leadership position and expertise in the residential solar power installation market and become a preferred installer of Swell Energy's home solar battery products. Among the services offered by the two companies is an energy storage solution that will allow customers to power their homes cleanly and quietly independent of the electrical grid for up to one day or, when paired with solar, potentially indefinitely.
"We are seeing tremendous demand for home batteries, driven largely by advances and cost reductions in smart, lithium-ion battery technology, combined with increasing concerns around power outages and grid vulnerabilities among homeowners," said Swell Energy Co-Founder Andrew Meyer. "By partnering with an established and well respected installer like Verengo, we are making home battery backup a painless, quick and convenient addition for hundreds of thousands of energy conscious customers across the state."
Installing an energy storage system allows homeowners to create a protective barrier between their home and the grid, giving them independence from the volatility of grid-supplied energy. By taking in grid energy only when it is at its cheapest and storing up excess solar during the day, homeowners can wisely deploy this energy in their homes, securing their home energy and saving money. Even without solar, a home battery provides homeowners:
- Clean, quiet, automatic back up protection for up to one day.
- Cost savings through "smart energy management" (e.g., taking in electricity when it is cheapest, and discharging when it is most expensive).
- Additional future revenue through "grid services" provided to the local utility.
"The two companies' focus on the booming residential market make for a natural fit," noted Verengo CEO Dan Squiller.
"Swell Energy is an exciting industry innovator and the kind of B2B solar partner that enables us to expand our customer base while doing what we do best -- provide California consumers clean, efficient and cost saving ways to power their homes," Squiller said. "With the federal and state rebates now available and the rapid drop in panel and battery prices, rooftop solar and home storage are no longer a rich homeowner's dream they are a smart consumer's reality," added Squiller.
Swell Energy offers various battery storage financing programs to CA homeowners making the addition of battery backup easily accessible to most single-family homes. This is similar to Verengo's $0 down rooftop solar leasing plan. Swell lithium-ion batteries are compatible with most existing and new solar PV systems and are backed by a 10 year warranty.
Verengo began installing Solar Panel Systems in 2008. Today, it is the largest Southern California-based solar provider, with over 18,500 PV solar systems sold, designed, and installed. Verengo offers smarter, cleaner energy alternatives to power your home or business, and consistently maintains an A+ Rating with the Better Business Bureau.
Swell Energy is the leading home battery and solar storage provider in California. Swell provides homeowners with a variety of energy storage options by working with the top lithium-ion battery manufacturers, including LG & Sonnen. Swell makes it easy, bringing together the best products, local installers, and financing options, all in a one-stop online shop.
Both companies will provide one or two hi-res pics and hyperlinks.
For more information on Verengo, please visit us online at www.verengosolar.com.
For more information on Swell Energy, please visit us online at www.swellenergy.com.
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