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SSOL news (good for a few): Sunvalley Solar Awarded Another $1.375M Solar Contract in Thermal, CA

2011-01-24 08:30 ET - News Release


WALNUT, Calif., Jan. 24, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, announced that it has signed a commercial solar installation contract with Aqua Farming Tech, Inc. in the city of Thermal, California.

The system size of this contract is 294.88 kilowatts and is comprised of 3140 solar panels from Tianwei Solarfilms and two 100KW and two 35KW solar inverters from PV Powered. The total contracted value is approximately $1,375,550. The contract is supported by ~$646K of solar incentive rebates from the local utility company and ~$405K of Federal Tax Cash Grants from the Federal Treasury Department.

The solar system is expected to generate 506 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.

Installation of the Aqua Farming Tech, Inc. 294.88KW solar system and other systems in the Palm Desert area will begin in early 2011.