WALNUT, Calif., Jan. 28, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board:
SSOL), a leading provider of solar power technology and solar
integration systems, announced that it has signed a commercial
solar installation contract with Crop Production Services in
Imperial, California..
The 45.6 Kilowatt solar power system is comprised of 480 solar
panels from Tianwei Solarfilms and one 50KW solar inverter from PV
Powered. The total contracted value is approximately $209,760. The contract is supported by
~$100K of solar incentive rebates from the local utility company
and ~$63K of Federal Tax Cash Grants from the Federal Treasury
Department.
The solar system is expected to generate 77,673 Kilowatt hours
of electricity annually. During the peak months of May through
October the system will generate surplus power and earn credits
with Imperial Irrigation District Utility, offsetting the less
sunny winter months.
The installation for Crop Production Services Inc. will begin in
early 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.