WALNUT, Calif., Nov. 7, 2011 /PRNewswire via COMTEX/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading solar power technology and solar system integration company, announces today that it has signed a 366.6 Kilowatt solar installation contract with Best Cheer Stone, Inc. in Anaheim, California to provide solar power solutions.
"We are very excited to see the continuously increasing demand for commercial solar energy in the greater Los Angeles area. The increasing demand for Sunvalley Solar in the commercial solar system installation market has lead us to develop new and innovative ways to meet and service that demand in a timely and cost-effective manner. We firmly believe that 2012 will offer even more opportunity for market growth - as of today we have already signed over $6M of commercial solar installation contracts for implementation in 2012. In addition, we have several large contracts, which we expect will be finalized in the near future. Our forecasted revenue from solar installations for the year 2012 will definitely surpass our success of 2011," said James Zhang, CEO of Sunvalley Solar, Inc.
This 366.6 Kilowatt solar power system is comprised of solar panels from Tianwei New Energy and a solar inverter from Advanced Energy Industries. The total contracted value is approximately $1.8M. The contract is supported by solar incentive rebates from the local utility company and from Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 544,478 Kilowatt hours of electricity annually.
The installation is planned to start in early 2012.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.