GroSolar announced plans Thursday to acquire Borrego Solar Systems' residential solar installation business, in a move to expand its footprint nationwide.
The acquisition will enlarge GroSolar's presence in California, bolstering its efforts to be a national player in residential solar installations. Currently, the industry is largely made up of local installation companies.
GroSolar, which operates in 12 states and Canada, will add Silicon Valley, Berkeley, Sonoma, Orange County, San Diego, and Massachusetts with the Borrego Solar acquisition.
The company's acquisition comes at a time when the industry is poised to reap the benefits of solar tax credits receiving … Read more