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Military Goes Green: Akeena Completes $2.2 Million Armory Project Largest Military Solar Power Installation in Central Valley

Military Goes Green: Akeena Completes $2.2 Million Armory Project Largest Military Solar Power Installation in Central Valley

Published 06-11-07

Submitted by Akeena Solar

LOS GATOS, Calif.--(BUSINESS WIRE)--June 11, 2007--Fast-growing Akeena Solar (OTCBB:AKNS) is generating the equivalent of power for 200 households with its just-completed project at the Air National Guard Armory in Fresno, CA.

Akeena, a publicly held company that already is one of the largest installers of residential solar and small commercial systems in the country, says that the $2.2 million contract is a meaningful contribution to Akeena's revenues last quarter and this quarter.

"This project is so important in so many ways," said Barry Cinnamon, chief executive officer of Akeena. It solidifies our footprint in the Central Valley, where we took over the solar power business of Solahart All valley of Fresno last year. It shows that our government is taking action to use clean, renewable power. This contract also helped contribute to the growth of our commercial business segment."

The project generates 300 kilowatts of electricity, the equivalent of what would be used by 200 households. Akeena installed 566 solar panels to generate the power.

"We like to think that we made this project easy for the military, which is exactly what we try to do for homeowners," Cinnamon said. "Our engineers design custom solutions for every project. Then we handle all of the paperwork for rebates and tax credits for homeowners. In California, incentives cover about a third of the cost thereby encouraging homeowners to run their electric meter backwards with a solar power system.

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 installers 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

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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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