24.4.2007: Meldung: Akeena Expands Operations

Akeena Solar, Inc. a leading designer and installer of solar power systems announced that is has opened a new office in Manteca, California.

"Manteca is strategically located, linking the San Francisco Bay Area to California"s Central Valley. The hot climate combined with high energy prices and the availability of new homes makes Manteca an ideal place for solar power," said Barry Cinnamon, Chief Executive Officer of Akeena Solar.
This is the third new office the company has opened this year to accommodate the rapidly growing demand for solar power from both residential and commercial customers. Akeena now has five offices serving California and one in the Northeast.

"Manteca is strategically located, linking the San Francisco Bay Area to California"s Central Valley. The hot climate combined with high energy prices and the availability of new homes makes Manteca an ideal place for solar power," said Barry Cinnamon, Chief Executive Officer of Akeena Solar.

The California Solar Initiative makes solar power systems an attractive option for commercial and residential buildings, thus making California the largest solar power market in the United States. Support for solar power continues to grow as Americans are becoming more concerned about their sources of energy and more aware of environmentally friendly alternatives. Pending federal legislation is likely to drive further growth. The proposed Securing America"s Energy Independence Act proposes increasing Federal tax credits to $3,000 per kilowatt. For example, under the proposed Act, a typical five kilowatt residential system would now experience a tax credit increase from $2,000 to $15,000, thereby reducing payback from 10 years to five years. Akeena believes should this Act be passed into law, it would create a significant increase in demand for solar power systems.

Cinnamon continued, "We believe we have built a strong team at Akeena and are expanding our footprint to serve the growth that we anticipate in 2007. Opening new offices effectively is a challenging task, and we are very happy with the performance of the Fresno, Orange County and Bakersfield offices that we have opened over the last nine months."

Investor Relations Contact:
Mary Magnani / Kirsten Chapman
Lippert / Heilshorn & Associates, Inc.
44 Montgomery Street, Suite 3520
San Francisco, CA 94104
Tel: (415) 433-3777
Fax: (415) 433-5577
Email: mmagnani@lhai.com
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