WALNUT, Calif., Aug. 16, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC BB: SSOL), a leading solar power technology and solar system integration company, announced today that it has been awarded a 77KW solar system installation contract by SKM Industries, Inc. in Valencia, CA.
The 77KW SKM Industries, Inc. contract is capable of generating 109,378kWh of electrical power annually. The SKM system will utilize 308 pieces of high efficiency 250 Watt solar panels. This contract resulted from the continued promotion of the Sunvalley Green Farm Solar Investment Program, which leverages incentives offered by the Federal Government (30% of the project cost as a Federal Tax Cash Grant), the solar rebate programs from local utility companies and Sunvalley's own client financing. The approximate contractual value for this contract is over $365,000.
"We are very excited to see the increasing demand for commercial solar energy in Southern California. This is Sunvalley's first step into the relatively new residential and industrial area of Santa Clarita, California. Building on the success of the SKM system we expect to generate more contracts in the area. As always, we strive to provide the optimum solar solutions and highest quality to our clients in a timely manner. We realize the importance of creating and sustaining good customer satisfaction – our work speaks for itself," said James Zhang, CEO of Sunvalley Solar, Inc.
The installation for this project will start by October 2011.
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.