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Akeena Solar Teams with PG&E To Light up Governor's 2007 ''Green Dream'' Inaugural

Akeena Solar Teams with PG&E To Light up Governor's 2007 ''Green Dream'' Inaugural

Published 01-06-07

Submitted by Akeena Solar

LOS GATOS, Calif.--(BUSINESS WIRE)--Jan. 5, 2007--In a high-profile demonstration of the power of renewable resources, Akeena Solar, Inc. (OTCBB:AKNS), a leading designer and installer of solar power systems, today announced that it teamed with PG&E to help provide the 100 percent carbon neutral energy that powered California Governor Schwarzenegger's "Leading the Green Dream" Inaugural Celebration in Sacramento on Thursday, January 4, 2007. Solar power captured and delivered by an Akeena-installed 3 kilowatt solar system joined with biodiesel and purchased carbon credits to help power the afternoon-long event.

"We are proud to partner with the Solar Industry and the Governor to make California the leading solar power state in the nation," said Tom King, CEO of PG&E. "The Solar installation provided by Akeena Solar to power the Governor's 'Leading the Green Dream' Inaugural Celebration provided a real-world demonstration of renewable energy that we can all use today."

The system provided for the Governor's Inaugural celebration was a typical 3,000 watt (3 kW) system - enough to provide the electrical needs for a typical California residence. At current prices and incentive levels, a system like this would have an economic breakeven
in about eight to twelve years.

First Week of the California Solar Initiative

The California Solar Initiative, or CSI, went into effect on January 1, 2007. This initiative is by far the largest solar program in the country. Governor Schwarzenegger was the driving force behind the CSI, which has the goal of installing one million residential solar power systems over the next ten years. These systems would provide the state with 3,000 megawatts of solar power, the equivalent to six large fossil fuel generating plants.

"As a resident of California, I am excited about the manner in which this state and its public utilities are leading the way for the widespread use of solar power and other renewable energy sources," said Barry Cinnamon, Chief Executive Officer of Akeena Solar. "California is only the tip of the iceberg. In Akeena's operations elsewhere in the country, we're starting to see other states moving to encourage solar power for individual homeowners. Not only are the immediate economics compelling, but so are the long-term energy independence and environmental benefits. Governor Schwarzenegger's leadership in promoting clean, renewable solar power is a model that other states are compelled to follow."

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar's (OTCBB:AKNS) philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar's website
at www.akeena.net.

About PG&E

PG&E has connected approximately 14,000 solar customers, more than any other utility in the United States. These customers generate almost 110 megawatts of solar electricity, which is more than 50 percent of the solar energy generated in the entire state of California.

Safe Harbor

Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.


Copyright Business Wire 2007

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Akeena Solar

Akeena Solar

Akeena Solar is one of the largest national installers of solar power systems. We install turn-key solar power systems for residential and commercial customers and we take pride in every job we do. Akeena Solar is traded on the OTCBB as AKNS.OB.

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