The Dow Chemical Company (DOW) announced that it has made available its POWERHOUSE Solar Shingle in northern California. The company has selected two of its authorized dealers, Town & Country Roofing and Dority Roofing, to serve the market.
Dow brought Solar Shingles to northern California as the state has been the nation’s leading solar installation market with over 1.5 gigawatts (GW) of installed solar capacity. California also caters to more than 3,500 solar firms and aims to have one million solar roofs in the state by 2018.
The homeowners in northern California will now have the option to turn their depreciating roof into an asset that not only protect them from the elements but will also generate energy-savings while increasing the value of their homes. Therefore, this is expected to provide the homeowners with a unique and innovative roofing solution.
The POWERHOUSE Solar Shingle includes a custom designed array that complements the style of the homeowners while matching their goals. It comes with an inverter that converts Direct Current (DC) into Alternating Current (AC) to power the home. The system also delivers real-time production and consumption readouts from any internet connection.
POWERHOUSE Solar Shingle is certified as both a solar and roofing product. It has received seven performance and safety certifications, and is proven to withstand rain, hail and wind uplift.
Dow faces stiff competition from EI DuPont de Nemours & Co. (DD). We currently have a long-term Neutral recommendation on the company. The stock maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating.
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DOW CHEMICAL (DOW): Free Stock Analysis Report
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