groSolar to Acquire Borrego Solar’s Residential Division
In a move to expand its national reach, GroSolar announced plans Thursday to acquire Borrego Solar Systems’ residential solar installation business. With the acquisition, groSolar will emerge as the fourth-largest residential solar power installer in the United States. The company’s acquisition comes at a time when the industry is poised to reap the benefits of the economic stimulus’ eight-year extension of the solar tax credits.
