Solar Universe Launches New Franchises in Seven Key Solar Markets to Continue Exponential Growth

Michael Mahre Appointed as New Chief Operating Officer as Part of the Brand’s Continued U.S. Expansion

SAN FRANCISCO - May 13, 2014 - (BUSINESS WIRE) - Solar Universe (www.solaruniverse.com), leader in solar franchising, today announced the addition of seven new franchises in the critical solar markets of Los Angeles, Calif.; San Diego, Calif.; New Jersey; Syracuse, NY; Albany, NY; Monterey, Calif.; and Sacramento, Calif. The opening of each new office marks milestone growth for Solar Universe into the new markets and increases the brand’s national prominence just as 2014 is projected to be the biggest year in solar yet.

According to a Solar Energy Industries Association Year in Review report, 2013 marked a record year for the solar industry with over 140,000 new solar installations. Now with 43 offices in 12 states plus Puerto Rico, Solar Universe remains the franchise leader in the industry, significantly contributing to the overall growth of solar. The expansion of more franchises around the country makes way for more consumers and businesses than ever before to conserve energy and save money.

Continuing with the brand’s overall momentum, Solar Universe also today announced the appointment of Michael Mahre as Chief Operating Officer. Mahre brings more than 20 years of experience in operations, finance and strategy to the team and has significant experience in building materials distribution and construction management for the homebuilding industry. Prior to joining Solar Universe, Mahre built a multi-billion dollar integrated construction services company and worked on renewable energy and energy efficiency opportunities for a large private investment firm.

"Bringing Michael on board as we continue to expand into these new markets is a valuable and timely step forward for our company. We are experiencing exponential growth year over year, and are eager to apply his expertise to our ever growing network of franchises," said Joe Bono, CEO and Founder of Solar Universe. "As the solar industry is at a key inflection point, Solar Universe is poised to finish the year strong with new talent and new offices to be a part of this growing industry."

Solar Universe plans to continue this growth by opening an additional 24 new offices in 2014 and will deploy $96 M in solar assets via the top three financing firms. This mile marker will make Solar Universe one of the most efficient companies in the solar business.

For more information about Solar Universe, please visit: www.solaruniverse.com

About Solar Universe

Solar Universe is the leading solar franchising concept bringing solar panels to consumers through its network of locally owned and operated install franchises. Using a scalable franchise model, Solar Universe is changing the face of the solar industry by enabling consumers to produce power at home through easy and affordable installation. The company was founded in 2008 by President and CEO, Joseph Bono and has 43 locations in the United States.

Contact:

Julia Waneka
SutherlandGold Group for Solar Universe
415-848-7173
solaruniverse@sutherlandgold.com

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