NOT TO MENTION VERY POSITIVE NEWS ABOUT REVENUES..
Clear Skies Signs $4.8 Million Contract With Microdyne Plastics Inc.
CSS to Install 875 kW Solar Energy System on California Rooftop
Nov 10, 2009 7:15:00 AM
MINEOLA, N.Y., Nov. 10 /PRNewswire-FirstCall/ -- Clear Skies Solar, Inc. (OTC Bulletin Board: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions today announced the signing of a contract to install a $4.8 million 875 kW solar energy system on the roof of the Microdyne building in Colton, CA.
Clear Skies Solar (CSS) also is announcing the approval of the rebate issued on Nov. 2, 2009 from the Colton Electric Utility. The five year rebate/incentive will total approximately $1,696,000.00 and, along with the 30 percent federal cash rebate, makes this a great investment for Microdyne Plastics.
The system engineering will be starting in the 4th Quarter of 2009 and pending building permits should be completed with-in 90 days from date of issuance.
As previously discussed by CSS, the solar markets are returning to health with strong growth expected for CSS in the U.S. CSS is now poised to expand the U.S. market due to their low cost of installation directly tied to the diverse experience in the Engineering, electrical and construction fields. "Our in-house talent reduces the need to hire sub-contractors as most other companies do. This practice only adds to the client cost and in some cases the added charges can be quite high. We operate consistently with both quality and strong client support," says Ezra Green, CEO of Clear Skies Solar.
"We look forward to executing this project for Microdyne systems and applaud their initiative to go "green". The benefits of a solar system are numerous both financially as well as being environmentally responsible. The savings to MDP will be immediate and expect the system to far out-perform the 25 year guarantee the manufacturers offer on the panels with very minor maintenance. The electricity consumed by companies is usually a major component to corporate operating overhead. Solar electricity can reduce this cost dramatically and in some circumstances, in its entirety usually limited only by roof top or property size," added Green.
"We are looking forward to working with Clear Skies Solar and have chosen CSS to be the contractor on our project. Their engineering and finance department made this an easy choice for us and we appreciated the details and options they brought to the table," says Ron Brown, CEO of Microdyne Plastics.
With the solar rebate assigned as of Nov. 2, 2009 and pending financing, work will be starting in the 4th qtr 2009 with completion Q1, 2010. The 100% financing of this project is anticipated due to the 30% Federal tax rebate as well as the generous 33% Colton Utility Incentive program making this project a strong investment for our financing partners.
About Clear Skies Solar:
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
SOURCE Clear Skies Solar, Inc.
---------------------------------------------- Tom Oliveri of Clear Skies Solar +1-516-282-7652 tom@clearskiessolar.com