Press Releases

Solar Alliance Launches Commercial Solar Division

July 19, 2016

Vancouver, Canada, July 19, 2016 – Solar Alliance Energy, Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SAN, OTCQB: SAENF) is pleased to announce the launch of a Commercial Solar Division. The Commercial Solar Division will be based in San Diego and will target commercial and industrial customers throughout the United States.

“The launch of a Commercial Solar Division marks the next stage of our Company’s development in solar energy and will provide another revenue stream for Solar Alliance,” said Company Chairman and CEO Jason Bak. “Solar Alliance is a proven leader in utility scale project development and residential sales, and we are excited to bring that experience to the commercial and industrial solar marketplace. There is a broad market opportunity for commercial solar and the launch of this new division with the recruitment of new talent will drive increased sales and revenue for Solar Alliance.”

According to the Solar Energy Industry Association, corporations are adopting solar at an incredible rate. The top 25 corporate solar users in America have installed more than 907 MW of capacity at 1,686 different facilities across the country. Other key facts about the commercial solar market include:

  • The amount of solar installed at U.S. corporations and businesses is enough to offset 890,000 metric tons of carbon dioxide emissions each year.
  • The average price of a completed commercial PV project in has dropped by nearly 30% in the past 3 years alone.
  • There are now commercial solar installations in 38 states, as well as Puerto Rico and the District of Columbia, with systems expanding this year to Arkansas, Kansas and Indiana

 

“We see incredible long-term potential in the U.S. solar market and launching a commercial division is the next step for Solar Alliance as we grow our operations into a national provider of affordable, clean renewable electricity,” concluded Jason Bak.

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.”