Sunvalley Solar's Progresses on Solar Installation Projects
WALNUT, Calif., June 8, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC BB: SSOL), a leading provider of solar power technology and solar integration systems, announced that it continues to make progress on its solar installations for year 2012 in Southern California.
Sunvalley Solar continues to aggressively promote its thin film technology solar system solutions by leveraging the incentives from the Federal Government (30% of the project cost as a Federal Tax Cash Grant) and solar rebate programs from the utility company, and by capitalizing on Sunvalley's own client-financing plan. From late April to June 7th, 2011 Sunvalley has signed new contracts and/or received new Letters of Interest for over 200 kilowatts of solar installation projects with a potential value of approximately $1M. More news will be released soon.
"We are very excited to see the increasing demand for commercial solar energy in the LA area. Sunvalley's engineers and installation team are booked for 2011 installation contracts, and currently the sales team is negotiating contracts for 2012 with the expectation that there will be even more commercial systems sold. We are doing our utmost to provide the best solar power solution to our customers and ensure the completion of our installation projects with highest quality," said James Zhang, CEO of Sunvalley Solar, Inc
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
SOURCE Sunvalley Solar, Inc.
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