Blue Oak Energy, a solar energy engineering and construction firm founded in 2003, announced Thursday that it moved its Davis headquarters to a larger and more modern space.
The new 10,000-square-foot facility at 1560 Drew Ave. will provide the ability to double in staff as the solar industry scales to meet demand, a news release said. Its former site was at 4614 Second St.
“We have diversified our market segments into utility and government sectors while also adding medium voltage and civil engineering disciplines to our in-house staff,” Tobin Booth, CEO of Blue Oak Energy, said in the news release. “Our new facility allows us to continue leading growth in the United States PV industry.”
With this expansion, Blue Oak Energy plans to add 50 new jobs in the next 24 months. Federal tax credits and other incentives have helped fuel the growth of the company.
The solar energy company helps customers take advantage of tax credits in the form of a grant.
“The Investment Tax Credit Grant program is set to expire on December 31, 2011, and if not extended by Congress, it will become more difficult to finance projects next year,” Julia Hamm of the Solar Electric Power Association said in the release.