NovAccess Global Inc (XSNX)

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NEWS: XsunX Continues to Build on Increasing Demand for Commercial Solar Systems

U.S. Federal Report Highlights Big Gains for Solar Energy Through 2040

ALISO VIEJO, CA / ACCESSWIRE / July 29, 2014 / XsunX, Inc. (XSNX), a leading solar energy solutions provider, today announced that interest in its commercial roof-top solar systems has continued to build. Increasing demand for the company’s systems is consistent with a recent U.S. federal study (http://www.seia.org/news/federal-government-forecasts-big-gains-solar-energy) forecasting substantial growth through 2040. The study concludes that nearly half of the projected 83GW of new renewable electricity production in the U.S. will come from solar.

"To put the U.S. federal government’s anticipated solar PV growth in perspective, the installation of well over 5 million new solar modules per year would be required for the next 26 years," stated XsunX CEO, Tom Djokovich. "That’s an enormous growth opportunity for companies like XsunX."

Up until now residential roof-top solar installations have experienced the fastest growth due in part to companies like Solar City that own and operate the installations as mini-power plants selling the power to homeowners at reduced rates. Solar City’s business plan is to keep the lucrative tax and business investment benefits provided through solar systems it installs. Now, business owners nationwide have begun to realize the full scope of the investment benefits provided through commercial solar PV. XsunX expects sales to come from the surge in demand for commercial PV as owners select solar system providers willing to pass through all the benefits of system ownership.

http://finance.yahoo.com/news/xsunx-continues-build-increasing-demand-121500926.html