The Dow Chemical Company
) announced that it its unit Dow Solar will expand its
revolutionary solar roofing system - POWERHOUSE Solar Shingle - to
Delaware and Hawaii. Both states are smaller with respect to
population and geography and rank among the top 10 states in the
Given the demand in these states, Dow Solar decided to introduce
the DOW POWERHOUSE Solar Shingles in these two markets. According
to the Environment America Research and Policy Center, Hawaii and
Delaware rank third and seventh, respectively, in terms of solar
power per capita.
Hawaii is listed by the Solar Energy Industries Associates among
the top 10 states for total installed solar capacity due to its
highest residential utility rates in the nation. Backed by strong
net metering programs, these states enable homeowners to control
their energy costs by renovating their rooftops with Solar
In Hawaii, Green Path Technologies will provide POWERHOUSE Solar
Shingles to residents of all major islands in collaboration with a
local roofer. In Delaware, G. Fedale Roofing & Siding
Contractors, CMI Solar Electric, and Yencer Builders have
undertaken the job of installing the solar system. A home at
Wilmington pioneered reroofing in the state with Solar Shingles.
The POWERHOUSE Solar Shingle has some unique features. It includes
a custom designed array that complements the style of the
homeowners while fulfilling their energy saving goals. It comes
with a solar inverter that converts Direct Current (DC) into
Alternating Current (AC) to cater to residential power needs. The
system also helps to monitor real-time energy production from an
POWERHOUSE Solar Shingle is certified as both a solar and roofing
product. It has received a host of performance and safety
certifications and is proven to withstand rain, hail and wind
Dow continues to develop technologies that exploit the power of the
sun and helps in converting solar energy into an efficient source
of electricity. In addition to POWERHOUSE, the company's other
notable offerings include the ENLIGHT polyolefin encapsulant films
that are designed for use in photovoltaic solar panels.
Dow is a Zacks Rank #3 (Hold) stock.
Better-ranked companies in the diversified chemical space include
LyondellBasell Industries NV (
), Marrone Bio Innovations, Inc. (
) and Celanese Corp. (
). While LyondellBasell Industries and Marrone Bio Innovations
sport a Zacks Rank #1 (Strong Buy), Celanese holds a Zacks Rank #2
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