Press Releases

Solar Alliance and Sunrun Sign Partnership Agreement

May 18, 2016

Vancouver, Canada and San Diego, California May 18, 2016 – Solar Alliance Energy, Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SAN, OTCQB: SAENF) is pleased to announce that it has signed a Certified Partnership Agreement with Sunrun (NASDAQ: RUN), the largest dedicated residential solar company in the United States. Sunrun provides its industry leading service and operating platform to customers originated by Solar Alliance. Access to Sunrun’s comprehensive platform expands affordable solar power options Solar Alliance can provide to homeowners in California.

“This partnership with Sunrun provides access to a quality financial product that will drive increased sales for Solar Alliance,” said Solar Alliance Chairman and CEO Jason Bak. “Sunrun offers the option to pay no money up front and the homeowner simply pays for the power the solar system produces. This flexible financing option, combined with Solar Alliance’s track record of over 2,000 residential sales and intallations in the San Diego market, opens the door to an even greater number of potential customers.” Bak adds, “With more than 100,000 customers and with offices located across the United States, Sunrun is an ideal partner to work with as we expand the Solar Alliance brand.”

Solar Alliance and Sunrun offer solar electricity service agreements to residential customers in the San Diego area. Homeowners can qualify for no money upfront or pay a small one-time system installation fee and then monthly bills for solar energy significantly lower than their previous utility bills. As a part of the agreement, Sunrun finances, maintains, monitors and insures the residential solar system.

The agreement with Sunrun is one of several steps being undertaken to enhance the sales and customer experience and brand awareness in order to ensure Solar Alliance is positioned for rapid growth in the California market. In addition to the Sunrun financing option, Solar Alliance offers solar programs for every type of homeowner. Homeowners can own the system, lease it or simply buy cheaper electricity. Solar Alliance will design, engineer, and professionally install a system that will offset your electrical usage.

About Sunrun

Sunrun (Nasdaq: RUN) is the largest dedicated residential solar company in the United States with a mission to create a planet run by the sun. Since establishing the solar as a service model in 2007, Sunrun continues to lead the industry in providing clean energy to homeowners with little to no upfront cost and at a savings to traditional electricity. The company designs, installs, finances, insures, monitors and maintains the solar panels on a homeowner’s roof, while families receive predictable pricing for 20 years or more. For more information please visit: www.sunrun.com.

Jason Bak

Chairman and CEO

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is a solar sales and marketing firm focused on residential solar installations.  Our mission is to encourage the transition to an independent, distributed solar market through a strong management team that combines technical, sales, marketing and financial expertise. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Since its inception in 2003, Solar Alliance has developed over 360 megawatts of renewable energy projects and subsequently sold them to utilities or large independent power producers, and has installed more than 2,000 residential solar systems in southern California. Solar Alliance is located in Vancouver, British Columbia and San Diego, California.

 

Statements in this news release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

 

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”