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Verengo Solar Named to Los Angeles Business Journal "Fastest-Growing Private Companies" List

Leading Residential Solar Installation Company Ranks #12 Overall With Nearly 300% Growth Increase in Last Two Years

TORRANCE, CA -- (Marketwire) -- 11/21/12 -- Verengo Solar today announced that it has been named to the Los Angeles Business Journal's List of 100 Fastest-Growing Private Companies. The list recognizes companies with year-over-year revenue growth and a significant positive impact on Southern California's economy.

This is Verengo Solar's first inclusion on this list, although Verengo also ranked #2 on the Los Angeles Business Journal's "Big Movers" list, which further ranks the fastest-growing companies with at least $50 million in 2011 revenue. Verengo is the only solar installation company to make that list.

"Ken and I couldn't be more pleased with this recognition by the Los Angeles Business Journal, as it validates the hard work of the Verengo Team and the trust of our customers," said CEO and Co-Founder Randy Bishop while attending the 2012 LABJ Honorees Dinner in Beverly Hills last week.

"The residential solar business has never been stronger than it is now in California," added Bishop. "During the most recent quarter, a record 11,000 Californians signed up to install over 66MW of solar power for their homes. These results are an indication of what the future holds for solar energy in California and what solar energy can mean to the entire US economy with lower panel costs, affordable financing options, and an innovative and motivated solar work force committed to a clean energy future."

Verengo Solar was founded in 2008 and is the largest residential solar installer in Southern California with strong ties to the community. Last weekend President and Co-Founder Ken Button led a group of Verengo volunteers to take part in the GRID Alternatives 3rd Annual Los Angeles Solarthon in the Willowbrook area of South Central Los Angeles where 10 low-income families received industry-sponsored home solar systems.

"Since partnering with GRID Alternatives earlier this year, Verengo has had the honor of sharing its residential solar installation expertise with deserving families across California -- including homes in the Bay Area, San Joaquin Valley, Riverside and today here in Los Angeles -- right up the freeway from our company headquarters," Button said at the Solarthon event.

Anyone interested in "going solar" may learn more and request a free, no-obligation consultation at www.verengosolar.com.

VERENGO SOLAR is changing the way America thinks about solar! As the #1 residential solar integrator based in Southern California, Verengo offers comprehensive financial options and superior customer service, and consistently earns an A+ with the Better Business Bureau. Verengo has reduced carbon emissions through its solar power systems, accomplishing the equivalent of planting 300,000 acres of trees, taking more than 120,000 cars off the road and saving homeowners $255 million in energy costs over the lifetime of Verengo's installed systems to date. For more information on Verengo Solar, please visit www.verengosolar.com.

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