27 Mar '14, 4pm

NRG Buys Installer Roof Diagnostics in Rooftop Solar Push

NRG Buys Installer Roof Diagnostics in Rooftop Solar Push

Roof Diagnostics will be re-branded as part of NRG's existing solar installation unit, Princeton, New Jersey-based NRG said in a statement today. Terms weren't disclosed. The 475-employee company headquartered in Wall Township, New Jersey will complement and be rolled into NRG's existing rooftop unit NRG Residential Solar Solutions that mainly consists of licensed dealers. Self-generation using solar panels is becoming competitive with the retail price of power in many states, reaching half of all states by next year, NRG Chief Executive Officer David Crane said yesterday in an interview . He outlined plans to accelerate NRG's shift into a more distributed generation model and the purchase of companies such as Roof Diagnostics. The shift fits into Crane's vision that the U.S. energy industry is in the midst of a profound transformation. Producing electricity on residential...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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