Albany, N.Y., May 11, 2010 – Alteris Renewables, a renewable energy company in the Northeast, has acquired ISI Solar of New City, N.Y.
ISI Solar designs and installs solar electric systems for residential and commercial customers in New York and New Jersey.
The acquisition of ISI Solar is the second by Alteris in a year, furthering its mission to bring renewable energy systems to homeowners, businesses and schools in the Northeast U.S.
“The solar markets in both New York and New Jersey are growing, and the need to provide quality-engineered solar energy solutions is more important than ever,” said Ron French, President of the Solar Business for Alteris Renewables. “By combining with ISI Solar and by expanding further into New York and New Jersey, Alteris will be able to make its affordable and reliable solar energy systems available to more customers.”
The acquisition of ISI Solar is another step in the expansion of Alteris into the New York and New Jersey markets. ISI will strengthen Alteris’s growing operations in Parsippany, New Jersey.
Just last summer, Alteris Renewables acquired Renewable Power Systems of Albany, NY. Alteris currently has offices throughout the Northeastern states.
Alteris has more than 30 years of experience, 3,000 installations and 15 MW of operational renewable power. The company was recently named as one of five solar installers to win $10 million in American Recovery and Reinvestment Act funding for New York solar initiatives, and are also an eligible partner for the New York Power Authority 100 MW State Solar Initiative.