Solar installer turns to commercial market (Austin)
Meridian Solar Inc. is going commercial.
The Austin-based installer of solar panels and related systems is giving up the residential side of its business to take advantage of the federal dollars being pumped into large-scale commercial and public projects.
Chief Financial Officer Mark Begert said the company has “decommissioned” its outbound residential business while it focuses on competing for $80 million in larger projects — nationally and statewide — that are being fueled by the first round of economic stimulus money being distributed by federal officials.
“Now we’re seeing that our time, energy and revenue needs to be — if not exclusively — predominately generated in public projects and large commercial deals,” he said. “The bottom line is that is where the money is right now.”
Read the full story in the Austin Business Journal.
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