Akeena Completes Largest Military Solar Power Installation in Fresno, CA
Los Gatos, Calif., June 11, 2007
Source: Akeena Solar, press release
http://www.akeena.net/cm/Investor%20Relations/Home.html
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.