Yes! Solar Sells First East Coast Franchise Territory

Posted by SI Staff on November 24, 2008 No Comments
Categories : New & Noteworthy

Yes! Solar Inc., a wholly owned subsidiary of Solar Power Inc., has executed a franchise agreement with a group of private investors to open and operate the newest Yes! Solar Solutions retail operation in Cary, N.C. The Yes! Solar Solutions energy outlet will be centrally located to serve the state's north central Research Triangle Park Economic Region.

Site selection for the new retail energy outlet is under way. The investment group includes Stew Miller, Kathy Miller and their general partner, Jeff Fike, all of whom are residents of Cary.

The territory covers approximately 8,993 square miles and is home to more than 525,000 owner-occupied dwellings and many commercial enterprises. Electric rates in the area make it a prime market for solar relief, Yes! Solar says. The company notes that North Carolina's renewable energy system loan program, which features a 1% interest rate for 10 years on residential and commercial renewable energy systems up to $500,000, made the state an attractive market.

"We are excited about this most recent agreement, as it adds to our growing national presence and provides our first location on the East Coast," says Todd Lindstrom, Yes! Solar's president." We are very happy to be adding a seasoned group of business leaders to our growing franchise network. We look forward to working with them as we build awareness for the Yes! Solar Solutions brand and the energy independence we can provide home and business owners across the nation."

SOURCE: Yes! Solar

Leave a Comment