Peck boasts $7.641 million in contracts from 10.5MW solar portfolio

The 10.5MW portfolio of six projects is located in Vermont and include nameplate sizes from 220kWdc to 2.7MWdc. Several of the projects have already started construction and will be completed by year-end. The entire portfolio will be complete within the next two quarters. Peck is the dominant solar EPC contractor in Vermont and has constructed over 1/3 of the 358 megawatts currently installed in Vermont.

The Solar Energy Industry Association reports that Vermont is expected to install an additional 251 megawatts of solar PV projects through 2025. Vermont has been an active participant in the energy transformation with a Renewable Energy Standard to utilize 75 percent renewable energy by 2032. Green Mountain Power, the utility that serves ¾ of the power for Vermont, announced an energy vision to have a 100 percent carbon free energy supply by 2025 and 100 percent renewable energy by 2030.

The Peck Company Holdings Chairman of the Board and Chief Executive Officer, Jeffrey Peck, commented, “We have always been proud of our roots, and Vermont has been a very supportive state to grow our business in over the past 50 years. As we diversify into other states as part of our strategic growth plan, we bring the craftsmanship and relationships that have helped us thrive. We continue to be grateful for the support as we expand into other states like Maine and Rhode Island, and coast to coast.”

Peck said, “This momentum is important as we advance our efforts to close the previously announced business combination with Sunworks, Inc. (NASDAQ: SUNW). As detailed in the preliminary joint proxy statement/prospectus, we filed with the Securities and Exchange Commission on October 1, 2020, we believe the transaction with Sunworks will allow us to leverage the combined synergies to create a larger solar EPC platform with greater geographical reach and enhanced financial resources which will benefit our partners, customers and shareholders.”

Since becoming a public company in 2019, Peck has been successfully executing its three-pronged growth strategy including:

(1) Organic expansion across the Northeastern United States

(2) Conducting accretive merger and acquisition transactions to expand geographically

(3) Investing in company-owned solar assets that provide recurring revenue

The Peck Company Holdings is guided by the mission to facilitate the reduction of carbon emissions through the expansion of clean, renewable energy and it believes that leveraging such core values to deploy resources toward profitable business is the only sustainable strategy to achieve these objectives.

About The Peck Company Holdings, Inc.

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 165 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.