Mercury Solar Systems to Invest $9 Million in Massachusetts, Creating 40 New Jobs
The New York-based solar energy installer is coming to a town just 11 miles west of Boston.
Mercury Solar Systems, which describes itself as one of the leading solar integrators on the East Coast, is planning to open new operations in Waltham, MA.
“Massachusetts has embraced solar energy over the past few years and we felt the strength of the Commonwealth Solar Program and thriving SREC market made this an optimal time to bring our industry expertise to the local marketplace,” Frank Alfano, Chief Executive Officer of Mercury Solar Systems, said in a press release. “We have established and launched our full service offering in numerous states and believe our success is driven by our ability to offer our customers a high-quality solution at the most affordable price.”
Over the past several years, Mercury Solar Systems says that it has “significantly expanded” its commercial and utility scale solar panels business. The company has “installed carports, ground mounts, truckports and flat rooftop systems ranging from 50kW to multi-megawatts for privately-held businesses, real estate firms, independent power producers and utilities.” Mercury Solar Systems hopes to bring this expertise to Massachusetts residents.
Mercury Solar Systems is also expanding on its partnership with SunRun, a national home solar company. SunRun works with Mercury Solar Systems to install solar systems on homeowner's roofs. “Homeowners avoid the high upfront costs and pay a low monthly rate for clean power, fixing their energy costs to save thousands of dollars over time on their energy bills,” Mercury Solar Systems claims.
The two companies also work together in New Jersey and Pennsylvania.
“To provide more American families with a dependable solar service that will save them money, we partner with the best installers in each of our markets,” said SunRun President and Co-founder Lynn Jurich. “We have a trusted and successful partnership with Mercury Solar Systems in other states, and we're pleased to expand with them in Massachusetts to meet the growing demand for home solar.”
According to TheBostonChannel.com, Mercury Solar Systems expects to invest $9 to $12 million in Massachusetts over the next year.
Follow me @LouisBedigian
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.