Clear Skies Sign 162 KW Contract
May 11 2011 - 6:00AM
Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable
energy provider to commercial, industrial and agricultural clients,
today announced it has signed a contract with a New Jersey car
dealership and the approved funding will be using our Power
Purchase Agreement program, or PPA.
The PPA allows a customer to pay a discounted price for
electricity without expending any cash or accruing debt on the
books. A third party or financer would own and operate the system
while receiving the benefits generated by the renewable energy
system. Those advantages are tax credits, Renewable Energy Credits
(REC's) accelerated depreciation as well as in some areas, feed-in
tariffs.
CSS has expanded their target market into the high-volume arena
which has proven to be very successful. We started 2011 with a new
focus and altered our internal structure to help meet our new
goals. The focus on smaller projects has brought our 2011 sales to
approximately $6 million to date and we expect this growth to
continue in the future.
From contract signature to execution, these projects take
anywhere from 2-5 months to develop depending on the complexities
of the engineering and interconnection requirements. The pipeline
of sales we have generated starting in January 2011 are now being
permitted and installations are expected to begin with the first
shipment of modules being delivered in 10-14 days.
CSS has quickly and successfully changed the direction of the
company. We look forward to the continued delivery of good news and
growing revenue for the future.
About Clear Skies Solar, Inc.
Clear Skies Solar, Inc. (CSS), through its wholly owned
subsidiary, provides full-service renewable energy solutions to
commercial, industrial and agricultural clients across the country.
CSS was incorporated in 2003 and launched formal operations in
2005. During that time, the Company developed its proprietary
systems, obtained important licenses and certifications, and
acquired technologies to maximize the impact of its construction
expertise in the renewable energy sector. Clear Skies Solar
has become one of the premier solar electric installation companies
in the country. For more information about CSS please visit
http://www.clearskiessolar.com
The Clear Skies Solar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7498
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" that involve risks and
uncertainties. These include statements about Clear Skies
Solar's expectations, plans, objectives, assumptions or future
events. You should not place undue reliance on these
forward-looking statements. Information concerning factors
that could cause the Company's actual results to differ materially
from these forward-looking statements can be found in Clear Skies
Solar's periodic reports filed with the Securities and Exchange
Commission. Clear Skies Solar undertakes no obligation to
publicly release revisions to these forward-looking statements to
reflect future events or circumstances or reflect the occurrence of
unanticipated events.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
Email: IR@ClearSkiesSolar.com
Direct: 1-877-309-CSKH (2754)