PetersenDean Roofing & Solar Expands Solar Division in Nevada Following Energy Policy Reinstatement

FREMONT, Calif.–(BUSINESS WIRE)–PetersenDean Roofing & Solar, a privately-held roofing and solar
company, has announced the expansion of its solar division in Nevada in
response to the newly reinstated energy policy signed into effect last
week by Nevada Governor Brian Sandoval. With this expansion PetersenDean
expects to hire at least 50 new employees and pursue 1,200 new projects
annually, valued at over $30 million.

The new Assembly Bill 405 returns net metering to Nevada residents
making residential solar viable within the state once again. After the
policy changes in 2015 virtually ended net metering programs, these
recent changes allow homeowners to purchase solar and return to the
existing rate classes of all other consumers. Once again, they will be
protected from discriminatory rates, charges, and fees. Provisions of
the bill also establish stronger warranties and disclosure policies that
are designed to protect consumers.

While other solar companies have recently announced their return to
Nevada, the PetersenDean team has experience in the Nevada new
construction market dating back to 1965. The firm is the second largest
roofer in the state and retains about 35 percent of all new construction
market share.

The new policy, which goes into effect immediately, means that customers
with solar will get approximately 95 percent of the retail value of
excess solar-produced electricity sent to the grid when it’s sold back
to utilities. This will bottom out at 75 percent. Additionally, the
amended legislation allows homeowners to “shave” electricity from the
most expensive tiers off their bills first.

“This new policy is a testament to the support of renewable energy and
rooftop solar in Nevada and will maintain the future stability of
electric supply. PetersenDean has embraced the Nevada market for many
years and will continue to provide its customers with solar and
incentives while enhancing the state’s economic development with dozens
of skilled and high-paying new jobs,” said Jim Petersen, President and
CEO of PetersenDean Roofing & Solar.

This expansion helps meet two important goals for PetersenDean, which
installs about 2,000 solar and roof systems each month nationally:
Providing PetersenDean customers with intelligently managed energy
storage, and using products assembled in the U.S.

“We made a decision years ago to offer consumers the best products at
the best price and to never offer a PPA or lease option when consumers
are considering solar panels for their source of low-cost, clean and
reliable energy. I am delighted to see Nevada do the right thing when it
comes to solar energy,” said Petersen.

PetersenDean is the nation’s largest privately held solar and roofing
company and known for its advanced solar system technology and its
American-made solar and roofing products. Solar4America is
PetersenDean’s initiative to support American jobs, manufacturing and
energy independence by sourcing solar panels and all system components
from domestic producers. PetersenDean solar system includes
Buy-American-Act-compliant panels, inverters and racking installed by
the construction company’s U.S. workforce.

About PetersenDean Roofing & Solar: Founded in 1984 by Jim
Petersen, PetersenDean is the largest, full-service, privately-held
roofing and solar company in the United States. Specializing in new
residential and commercial construction, PetersenDean works with some of
the nation’s largest builders and developers. With more than a million
roofs under its belt, the Fremont, CA-based company employs 3,000
workers and operates in seven states: Arizona, California, Colorado,
Florida, Nevada, Oklahoma and Texas. Please visit http://www.petersendean.com/
for more details.

Contacts

for PetersenDean Roofing & Solar
Christine Rombouts,
949-631-1557
[email protected]