Vancouver, Canada, and Knoxville, Tennessee, October 15th, 2018 – Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR) is pleased to announce that Mike Stevens Homes, based in Knoxville, Tennessee, is the first residential developer to join the Company’s Residential Builder program and will begin marketing the SunBox system. Solar Alliance recently launched SunBox, a new product offering that provides a simple, efficient solar system specifically designed for architects, new home builders and their customers. SunBox is a standardized system consisting of two sizes of standard residential systems that include battery storage. Options for SunBox include a generator for whole home backup and an Electric Vehicle Charger. Solar Alliance is selectively partnering with architects, developers and homebuilders that will integrate this permit-ready solar offering into their existing home designs for new construction, with the primary customer base consisting of developers building large, multi-home communities.
“We are proud to partner with Mike Stevens Homes,” said Solar Alliance VP Harvey Abouelata. “The residential package was specifically designed with both performance and aesthetics in mind to enhance the homebuilder’s product and we look forward to working with Mike Stevens Homes to provide a simple, permit-ready solar and affordable solar system to new homeowners.”
“We have built hundreds of homes in the south east and are always looking for new ways to improve our product,” said Jon Stevens, President of Mike Stevens Homes. “Until recently, we have not found a power generation solution that meets our standards of design, performance simplicity and cost effectiveness. With the Solar Alliance residential SunBox solar package we can finally offer our clients renewable energy and back up electricity at an affordable price.”
Solar Alliance is also pleased to announce that it will be promoting the SunBox product, and our relationship with Mike Stevens Homes, at the Knoxville Parade of Homes in October 2018. The Parade of Homes offers visitors the opportunity to visit new homes located in Knox and surrounding counties. Solar Alliance will initially offer the standard offer program in Tennessee, followed by entry into the North Carolina, South Carolina, Georgia, Kentucky and California markets. The addressable market is significant and California has already mandated all new homes are required to have solar starting in 2020.
More information on the SunBox product can be found at www.solaralliance.com/SunBox and more information on the Company’s Residential Builder program can be found at www.solaralliance.com/ResidentialBuilder.
About Mike Stevens Homes (www.mikestevenshomes.com)
When you’re ready to step into your new custom home, Mike Stevens Homes is the builder you can trust. The company’s 25 years of experience are on display throughout many of East Tennessee’s most prestigious neighborhoods. Mike Stevens Homes established its reputation by building custom homes in some of Knoxville’s most popular communities, including Jackson Bend, Montgomery Cove and Sequoyah Hills, but the company soon expanded its vision to create entire neighborhoods devoted to its unique, locally-influenced homes, which now fill Iris Glen, Weatherstone and Northshore Town Center, where Mike Stevens Homes is the exclusive builder. Today, Mike Stevens Homes, a proud family business, is continuing to grow its reputation and services, ready to match new owners with their new custom homes and neighborhoods.
This year’s Parade of Homes offers visitors the opportunity to visit new homes located in Knox and surrounding counties. The builders or their representatives will be on hand to answer questions while visiting their homes. Visit the official website at www.theparadeofhomesknoxville.com to view last year’s homes.
Jason Bak, Chairman and CEO
About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an international energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in California, Tennessee, North/South Carolina and Kentucky and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed wind and solar projects that provide enough electricity to power 150,000 homes. Our passion is improving life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers’ vulnerability to rising energy costs, offers an environmentally-friendly source of electricity generation, and provides affordable, turnkey clean energy solutions.
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.
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