Press Release Source: Clear Skies Solar, Inc. On Tuesday May 17, 2011, 6:00 am EDT
MINEOLA, N.Y., May 17, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH - News), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced it has received three separate signed contracts for a total of $500,000 or 120 kw's last week. These projects are cash deals to CSS being financed by the clients themselves. Realizing the financial benefits of investing in solar, the clients decided to fund these projects internally and gain the benefits that come along with owning solar energy systems in New Jersey.
"Once again I am pleased to announce the increasing growth we are experiencing at CSS. We are progressing at a healthy clip with equipment deliveries expected as soon as this week. The projects we are signing in general are in the sub 500kw range and we are excited to be announcing the further expansion in the coming weeks into additional US markets. Our new sales model that began in January has proven to be a tremendous success and has proven to be worthwhile duplicating in the other markets," says Ezra Green, CEO Clear Skies Solar.
With sales of $5.5 million in 2010, CSS in the first four months of 2011 has signed and financed projects in excess of last year's revenue and expects to steadily increase that growth through 2011. The increase in solar awareness throughout the country along with the growing economy will provide new markets steadily for CSS to expand into. With the lines of credit reopening for small to medium size businesses, the renewable energy market will experience a jump in self-financed solar projects. Institutional financing that was previously unattainable for solar energy systems is now starting to be accepted by major banks in the US and have backed several large west coast based solar installation companies. |
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