Vancouver, Canada and San Diego, California February 10, 2016 â€“ Solar Alliance Energy, Inc. (â€˜Solar Allianceâ€™) or (the â€˜Companyâ€™) (TSX-V: SAN) is pleased to announce the California Public Utilities Commission (â€œCPUCâ€) approved a net metering regime, often referred to as NEM 2.0, that will preserve retail payments for residential rooftop solar. A key provision of NEM 2.0 maintains full retail credit for net metering and guarantees that customers who install solar under these rules will not be subject to future changes to these rules for 20 years.
â€œThis approval of a new net metering regime brings certainty to the California solar industry and provides long term growth opportunities for Solar Alliance and an economic payback or savings for our customers,â€ said Solar Alliance CEO Jason Bak. â€œThe decision reinforces Californiaâ€™s position as a global clean energy leader and it allows consumers to generate their own clean electricity. It means that consumers who install solar systems will continue to be paid full retail rates when they are generating more electricity than they are using.â€
The CPUC decision provides economic certainty for the residential solar industry in California, and combined with the recent five-year extension of the Investment Tax Credit (ITC) for solar sets the stage for continued growth in the industry and for Solar Alliance.
Jason Bak 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.
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Myke Clark Chief Marketing Officer +1 (604) 288-9051 firstname.lastname@example.orgStatements 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 â€œwouldâ€, â€œwillâ€, â€œexpectedâ€ and â€œestimatedâ€ 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 Companyâ€™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.
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