Clear Skies Solar, Inc. Signs Letter of Intent to Install $750,000 Solar Energy System on Historic Susanville, California Hotel.Solar System solar system, the sun and the surrounding planets, natural satellites, dwarf planets, asteroids, meteoroids, and comets that are bound by its gravity. The sun is by far the most massive part of the solar system, containing almost 99.9% of the system's total mass. to Deliver 164,316 Kilowatt Hours of Electricity Annually NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Clear Skies Solar, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSKH CSKH Countersunk Head ), a leading developer of solar energy products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. (PV) solar systems, today announced a Letter of Intent with Hotel Mt. Lassen to install a solar energy system on its Susanville, CA hotel and restaurant. "An increasing number of hotels are looking at ways to decrease their carbon footprints and conserve natural resources," said Ezra Green, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Clear Skies Solar. "Clear Skies Solar is proud to work with forward-thinking businesses like Hotel Mt. Lassen who are at the forefront of this initiative and recognize the integral role that solar energy will play in both the future of their operations and of the larger global energy market." Under the contract, Clear Skies Solar (CSS (1) See Cascading Style Sheets. (2) (Content Scrambling System) The copy protection system applied to DVDs, which uses a 40-bit key to encrypt the movie. ) will install a 120 kilowatt solar photovoltaic system that is designed to offset roughly 65% of the buildings' current energy usage. The project is structured utilizing a third party Power Purchasing Agreement. Under this financing arrangement the hotel will purchase the power generated by the system for 20 years. The installation of this photovoltaic system will help to offset the energy usage of roughly 55 average sized homes. "Through Power Purchase Agreements and a variety of other financing options and tax incentives available to business owners there is no reason not to go solar," added Green. About Clear Skies Solar Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , provides full-service renewable energy solutions to commercial, industrial, and agricultural clients domestically and internationally. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion