December 06, 2019

CSRWire.com The Corporate Social Responsibility Newswire

news by category

CSR News

Akeena Solar Expands Operations in Bakersfield, California

Submitted by: Akeena Solar

Categories: Renewable & Alternative Energy, Corporate Social Responsibility

Posted: Apr 03, 2007 – 09:15 AM EST

 

Where The Weather Is Hot, So Is the Demand for Solar Power

Apr. 03 /CSRwire/ - LOS GATOS, CA--(BUSINESS WIRE)--April 3, 2007--Akeena Solar,Inc. , a leading designer and installer of solar power systems, has opened a new office in Bakersfield to serve the rapidly growing demand for solar power for residential and commercial customers in California's Central Valley. According to the California Energy Commission, the market for photovoltaic systems in Bakersfield has been experiencing an average 100 percent growth rate since 2003.

"The solar power industry continues to expand as more people embrace clean energy, and government policies encourage adoption of solar power. Simultaneously, there are more solar panels available, making it easier to meet consumer demand," said Barry Cinnamon, Chief Executive Officer of Akeena Solar.

Americans are now more concerned about their sources of energy and more attuned to environmentally friendly alternatives. Pending federal legislation is likely to drive further growth. The proposed Securing America's Energy Independence Act extends the federal tax credits for
solar power and increases them to $3.00 per watt for residential and commercial customers, as well as providing AMT relief. For example, under the proposed Act a typical 5 kilowatt residential system would now experience a tax credit increase from $2,000 to $15,000, bringing a typical payback from ten years down to five years.

"Clearly, should the Securing America's Energy Independence Act be passed into law, it would create a significant increase in demand for solar power systems. Our new office in Bakersfield, California demonstrates our commitment to expanding our geographic footprint to handle this potential explosion in demand," said Cinnamon.

The new Akeena branch office is located at Stine Road in Bakersfield. Akeena Solar is currently servicing residential and small commercial customers in the Bakersfield area from this location. For more information on the economics of solar power, go to www.akeena.net.

About Akeena Solar, Inc

Founded in 2001, Akeena Solar's 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.

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

For more information, please contact:

Barry Cinnamon Akeena Solar, Inc.
Phone: 888-253-3628
Mary Magnani Lippert/Heilshorn & Associates
Phone: 415-433-3777
Kirsten Chapman Lippert/Heilshorn & Associates
Phone: 415-433-3777

 

Issuers of news releases and not csrwire are solely responsible for the accuracy of the content