Solar panels and related inventory being sold in online bankruptcy auction

Jan 11, 2016, 10:12 ET from Blackbird Asset Services LLC

ALBANY, N.Y., Jan. 11, 2016 /PRNewswire/ -- A large quantity of brand new solar panels, transfer switches, wire, cable and related equipment and tools will be sold in an online auction as part of the Chapter 11 bankruptcy proceedings of U.S. Light Energy and its affiliated companies.

"This inventory should appeal to those already in the solar energy business along with individual homeowners. It's also a great opportunity for those who seek to reduce their energy costs or reduce their dependency on the commercial power grid. Someone seeking to install quality new solar panels on a business or even a home may be able to obtain the materials for a fraction of the usual cost," said David Fiegel, president of Blackbird Auctions, which is selling the assets.

"A growing number of people who identify with various 'survivalist' and 'prepper' organizations worry about the security of the power grid. These individuals, many of whom likely have the skills to use these materials to install their own systems, may find this auction an excellent way to establish supplemental or replacement energy separate from the grid," said Fiegel.

U.S. Light Energy, a major solar installation firm specializing in commercial installations, filed in May for Chapter 11 protection with the U.S. Bankruptcy Court for the Northern District of New York.

Items are currently stored at 2622 7th Avenue South, Watervliet, New York. They will be available for inspection Tuesday, Jan. 26, from 9 a.m. to 2 p.m. or by appointment. The items will be listed at www.blackbirdauction.com, with the first items beginning to close at 11 a.m. (Eastern) Wednesday, Jan. 27.

Blackbird Asset Services LLC, based in Williamsville, New York, is an industrial auction firm based in Buffalo, New York, with auctioneers specializing in bankruptcy auctions, industrial auctions, secured creditor auctions, and commercial real estate auctions. Individuals seeking additional information may visit www.blackbirdauctions.com or call 716-632-1000.

For more information:
Carl Carter, 205-823-3273

SOURCE Blackbird Asset Services LLC



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http://www.blackbirdauctions.com