California school district to use solar power

Real Goods Solar RGS Energy California Stockton School District

RGS Energy, a unit of Real Goods Solar Inc. (Nasdaq: RSOL), and Smart Energy Capital will provide 5.1 MW of solar power to the Stockton Unified School District in California valued at $20 million. The project is expected to be completed in 2013 and 2014.

RGS Energy will provide construction, maintenance and monitoring of the systems. The projects are expected to use 17,000 solar panels that will sit atop parking lot carports.

The school district signed a 25-year power purchase agreement with SEC. The solar installations are expected to save the district $600,000 in the first year.

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