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OneRoof Energy Announces New Solar Design and Sales Management Software

Tuesday, March 26th, 2013

Web-based platform SunOpps and iPad app SunOpps Lite helping dealers to increase efficiencies, accelerate and automate sales process

SAN DIEGO (March 26, 2013)- OneRoof Energy, Inc., one of the nation’s fastest growing solar finance providers, announced two new solar design and sales management tools that are helping dealers to bring solar electric systems to more residents throughout the country. The San Diego-based company, which estimates it will supply solar to more than 7,000 homes in 2013, rolled-out this month SunOpps Lite, an interactive iPad app that allows dealers to instantly assess the bottom line viability of solar for a homeowner. SunOpps Lite complements OneRoof Energy’s new web-based platform, SunOpps, a user-friendly, scalable platform that gives dealers and referral partners the ability to create, track and customize proposals and lease agreements from lead to close.

“While solar is a money-saving solution for millions of Americans, it’s not right for everyone. The SunOpps Lite tool helps us to immediately determine if we can save the homeowner money with the push of a button. In most cases, we can save homeowners 5 to 25 percent in the first year,” states Stuart Graham of First National Solar, a OneRoof Energy dealer and technology user.

“To be profitable in the solar industry, you need to build your company smarter. We are building OneRoof on innovation. SunOpps Lite helps dealers, salespeople and their door-to-door canvassing teams accelerate and automate the sales process by generating and managing leads through an interconnected platform,” said David Field, president and CEO of OneRoof Energy.

Field continued, “By providing immediate feedback on estimates and prospecting, dealers and referral partners are able to improve efficiency and profitability. In fact, the functionality is so user-friendly that it makes it possible for non-solar experts to effectively sell solar.”

All the information a sales associate submits to SunOpps Lite is automatically synced with OneRoof’s lead generation platform and the dealer’s database management platforms, such as Salesforce.com, keeping both parties’ data organized and accurate. SunOpps allows dealers to design a solar system, price the system, generate proposals and secure electronic signatures on financial documents, among other features. Together, these technologies help to dramatically simplify and expedite the sales process for dealers.

Some of the other notable features of the SunOpps Lite app include:

  • Mobile lead generation
  • Immediate estimated savings examples based on customer’s home
  • Assistance in the prospecting process to determine if a homeowner is a strong candidate for solar

Since its inception in 2011, OneRoof Energy has continued its aggressive growth through its channel development and expanded services, and has added alliances with more than 100 installers in California, Hawaii and Arizona. OneRoof Energy expanded staffing by more than 300 percent, creating 60 direct green jobs in the local community. The company offers a vertically integrated, scalable and cost-effective platform for the sale, distribution and financing of residential solar electric systems in the United States.

So far in 2013, OneRoof Energy has secured $100 million in funding to support sales and residential leases, as well as an additional $30 million in development financing, enabling the company to better support its growing network of solar dealers and installers. With these new investments, OneRoof Energy has raised and secured commitments for more than $200 million in corporate capital, project financing and tax equity funding since it closed its first tax equity fund in September 2011.

To download the iPad app, please visit https://itunes.apple.com/us/app/sunopps-lite/id594256923?mt=8. For more information about simple solar financing options, or to explore an alliance with OneRoof Energy, visit www.oneroofenergy.com.

About OneRoof Energy

Headquartered in San Diego, Calif., OneRoof Energy® has quickly become one of the nation’s fastest growing solar finance providers. OneRoof Energy offers simple and affordable solar financing programs that people can trust. OneRoof Energy provides homeowners with financing options for solar electric systems, while receiving industry-leading, warranties, eliminating the prohibitive up-front capital investment and providing ongoing maintenance. Beyond exceptional financing, OneRoof Energy offers highly innovative technologies, and some of the best warranties in the industry. OneRoof Energy believes in the collaborative power of people and their ideas. We bring together the most reputable electricians, solar installers, roofers, project managers and solar finance experts to manage the entire process with ease and expertise.

OneRoof Energy is expanding into Colorado, with additional markets opening soon. Strategic investors in the company include Hanwha Group, Black Coral Capital and Alternergy Holdings, LLC. For more information, visit www.oneroofenergy.com.

ONEROOF ENERGY CONTINUES ROBUST GROWTH WITH $1OO MILLION IN NEW FINANCING

Thursday, February 28th, 2013

Morgan Stanley, MySolar℠ invest in OneRoof Energy’s solar financing programs, taking company to more than $200 million in total funding

SAN DIEGO (February 28, 2013) – OneRoof Energy, Inc., one of the nation’s fastest growing solar finance providers, announced today that it has secured an agreement for the acquisition of up to $100 million in residential solar projects with MS Solar Holdings Inc., an indirect, wholly-owned subsidiary of Morgan Stanley (NYSE: MS), and Main Street Power Company, Inc., a North American solar developer and owner/operator, through the expansion of their existing MySolar℠ residential lease financing platform. Debt financing for the newest MySolar℠ fund (MySolar II, LLC) will be provided by National Bank of Arizona.

The MySolar℠ finance platform will enable OneRoof Energy to offer solar lease financing to greater numbers of American homeowners in Arizona, California, Colorado and Hawaii through its network of qualified solar dealers and installers. With the new investment, OneRoof Energy has raised and secured commitments for more than $200 million in corporate capital, project financing and tax equity funding since it closed its first tax equity fund in September 2011.

The recent investment recognizes the success of OneRoof Energy’s Solar Finance program, which provides homeowners with flexible financing options that remove the prohibitive capital investment required to purchase solar electric systems. With solar lease financing, homeowners can pay little to nothing down while targeting savings of, on average, between five and 25 percent on their electricity bill. According to data provided by the California Solar Initiative (CSI), this year more than 70% of all California solar installations are expected to be financed via a third party investment like MySolar℠.

“We are committed to expanding solar solutions across the country and this program will reach a vast number of homeowners that wouldn’t otherwise be able to afford renewable energy,” Martin Mobley, Executive Director, Morgan Stanley said. “Our partnership with accomplished solar providers such as Main Street Power and OneRoof Energy provides unique collaborative opportunities and helps ensure a successful program deployment.”

“We are excited to partner with Morgan Stanley and Main Street on this investment, as it represents a strong vote of confidence in our future,” said David Field, CEO and president of OneRoof Energy. “With this significant investment, we are one step closer to changing the way American homeowners access solar electricity.”

Since its inception in 2011, OneRoof Energy has continued its aggressive growth through its channel development and expanded services, and has added alliances with more than 100 installers in four states. The company estimates it will supply solar to more than 10,000 homes in 2013. During 2012, OneRoof Energy expanded staffing by more than 300 percent creating 60 direct green jobs in the local community. The company offers a vertically integrated, scalable and cost-effective platform for the sale, distribution and financing of residential solar electric systems in the United States.

For more information about simple solar financing options, or to explore an alliance with OneRoof Energy, visit www.oneroofenergy.com.

About OneRoof Energy

Headquartered in San Diego, Calif., OneRoof Energy® has quickly become one of the nation’s fastest growing solar finance providers. OneRoof Energy offers simple and affordable solar financing programs that people can trust. OneRoof Energy provides homeowners with financing options for solar electric systems, while receiving industry-leading, warranties, eliminating the prohibitive up-front capital investment and providing ongoing maintenance. Beyond exceptional financing, OneRoof Energy offers highly innovative technologies, and some of the best warranties in the industry. OneRoof Energy believes in the collaborative power of people and their ideas. We bring together the most reputable electricians, solar installers, roofers, project managers and solar finance experts to manage the entire process with ease and expertise.

OneRoof Energy is rapidly expanding into new markets, including Hawaii, Arizona and Colorado, with additional markets opening soon. Strategic investors in the company include Hanwha Group, Black Coral Capital and Altenergy Holdings, LLC. For more information, visit www.oneroofenergy.com.

About MS Solar Holdings

MS Solar Holdings Inc. (MSSH) is an indirect wholly owned subsidiary of Morgan Stanley (NYSE: MS), one of the world’s leading financial institutions. MSSH focuses on making equity investments in companies that own, directly or indirectly, solar photovoltaic PV projects.

About National Bank of Arizona (NB|AZ)

With a smart approach to financing, National Bank of Arizona (NB|AZ) understands the entrepreneurial spirit of Arizona business. Founded in Tucson in 1984, NB|AZ is a full-service community bank offering unique business and personal financial solutions that help customers manage and grow their bottom line. With more than $4.5 billion in assets, NB|AZ is backed by the strength of Zions Bancorporation, one of the top 20 domestic bank holding companies in the U.S. with total assets of $53 billion. NB|AZ operates branch locations in more than 50 communities supporting the vision of successful individuals and businesses throughout the state of Arizona. Stop by any of the more than 70 branches of NB|AZ for local and personalized service from a loyal banking partner. For more information, visit www.nbarizona.com.

About Main Street Power Company, Inc.

Main Street Power Company, Inc. is a developer, owner and operator of distributed generation solar projects. The company works with EPC providers and financiers to structure complete turnkey solutions with no upfront capital outlay for schools, municipalities, universities, corporations and nonprofit entities. Services include power purchase agreements, leases and other innovative financing solutions. Through our ongoing business relationship with MS Solar Solutions, Main Street has closed financing on and currently owns and operates over 40 MW’s of distributed generation solar projects across North America.

ONEROOF ENERGY SECURES $30 MILLION DEVELOPMENT FINANCING ARRANGEMENT WITH HANWHA GROUP

Wednesday, January 23rd, 2013

Existing Investor Expands Commitment to Support Solar Finance Company’s Rapid Growth and Industry Leadership

SAN DIEGO (Jan. 23, 2013) – OneRoof Energy®, one of the nation’s fastest growing residential solar finance providers, announced today that it has entered into a $30 million development financing arrangement with major shareholder Hanwha Group, a FORTUNE Global 500 company with revenues in excess of $88 billion. Hanwha Group was among the first investors of OneRoof Energy’s Series A funding in 2011. Hanwha Group’s recent $30 million development financing commitment will support OneRoof Energy’s business development by enabling the company to expand into new markets, develop new proprietary technologies and strengthen support for its network of solar dealers.

This recent investment recognizes the success of OneRoof Energy’s SolarSelect® Finance program, which provides homeowners with flexible financing options that remove the significant upfront capital investment required to purchase solar electric systems. With the SolarSelect Finance program, homeowners can pay little to nothing down while immediately saving an average of between 5 percent and 25 percent on their electricity bill. Third-party financing in the residential solar industry is only a few years old, but has quickly become the most popular method for residential consumers to realize the benefits of solar electricity. According to data provided by the California Solar Initiative (CSI), last year more then 70% of all California residential solar installations were developed using third party financing.

“OneRoof Energy’s leadership in the solar financing space led to tremendous growth over the past year,” explained Simon Lee, CEO at Hanwha International LLC. “Hanwha’s benchmark investment in 2011, combined with additional investments since that time, demonstrates our full confidence in the significant growth potential of their business model. OneRoof Energy is on course to become one of the nation’s premier solar finance companies.”

“As a global business leader with demonstrated expertise in the solar space, we view Hanwha’s added investment as validation of and support for of the direction of our company,” stated David Field, CEO and president of OneRoof Energy. “Since the closing of our first fund in September 2011, we have signed financing agreements totaling more than $100 million of solar financing. This year we are projecting that we will sign leases totaling in excess of $300 million dollars of solar financing. I strongly believe that OneRoof Energy is currently one of the fastest growing companies in the region and Hanwha’s development financing will provide us with the necessary working capital to quickly become one of the strongest solar finance companies in the industry.”

Since its launch in 2011, OneRoof Energy has continued its aggressive growth through its channel development and expanded services, and has added alliances with more than 100 installers in three states. The company projects that it will supply solar to more than 10,000 homes in 2013. Last year, OneRoof Energy expanded staffing by more than 400 percent and created approximately 100 direct and indirect green jobs in the local community. The company offers a vertically integrated, scalable and cost-effective platform for the sale, distribution and financing of residential solar electric systems in the United States.

For more information about simple solar financing options, or to explore an alliance with OneRoof Energy, visit www.oneroofenergy.com.

About OneRoof Energy

Headquartered in San Diego, Calif., OneRoof Energy® has quickly become one of the nation’s fastest growing solar finance providers. OneRoof Energy offers simple and affordable solar financing programs that people can trust. OneRoof Energy provides homeowners with financing options for solar electric systems, while receiving industry-leading, warranties, eliminating the prohibitive up-front capital investment and providing ongoing maintenance. Beyond exceptional financing, OneRoof Energy offers highly innovative technologies, and some of the best warranties in the industry. OneRoof Energy believes in the collaborative power of people and their ideas. We bring together the most reputable electricians, solar installers, roofers, project managers and solar finance experts to manage the entire process with ease and expertise.

OneRoof Energy is rapidly expanding into new markets, including Hawaii, Arizona and Colorado, with additional markets opening soon. Strategic investors in the company include Hanwha International, Black Coral Capital, and Altenergy Holdings, LLC. For more information, visit www.oneroofenergy.com.

About Hanwha Group

Hanwha Group, founded in 1952, is one of the largest business enterprises in South Korea and FORTUNE Global 500 company with 53 domestic affiliates and 78 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With a 60-year track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit www.hanwha.com.

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