U.S. Federal Report Highlights Big Gains for Solar Energy Through 2040
ALISO VIEJO, CA / ACCESSWIRE / July 29, 2014 / XsunX, Inc. (OTCQB: XSNX), a leading solar energy solutions provider, today announced that interest in its commercial roof-top solar systems has continued to build. Increasing demand for the company’s systems is consistent with a recent U.S. federal study (http://www.seia.org/news/federal-government-forecasts-big-gains-solar-energy) forecasting substantial growth through 2040. The study concludes that nearly half of the projected 83GW of new renewable electricity production in the U.S. will come from solar.
"To put the U.S. federal government’s anticipated solar PV growth in perspective, the installation of well over 5 million new solar modules per year would be required for the next 26 years," stated XsunX CEO, Tom Djokovich. "That’s an enormous growth opportunity for companies like XsunX."
Up until now residential roof-top solar installations have experienced the fastest growth due in part to companies like Solar City that own and operate the installations as mini-power plants selling the power to homeowners at reduced rates. Solar City’s business plan is to keep the lucrative tax and business investment benefits provided through solar systems it installs. Now, business owners nationwide have begun to realize the full scope of the investment benefits provided through commercial solar PV. XsunX expects sales to come from the surge in demand for commercial PV as owners select solar system providers willing to pass through all the benefits of system ownership.
Mr. Djokovich continued, "The exciting news for XsunX is that we believe that the real growth in commercial solar is just beginning. Making our job easier is the fact that we provide our commercial solar PV clients access to incredible tax benefits, energy savings, and property appreciation benefits, which represent strong motivating factor for customers."
While solar service companies such as First Solar, NRG Solar, SunEdision, and SunPower continue to focus on larger multi-megawatt projects, XsunX specializes in the design, installation, and service of commercial roof-top solar systems ranging from 20kW to 1MW. The company’s management believes that this sector is underserved and represents the largest growth opportunity in the solar systems market.
XsunX provides solar energy solutions that provide the greatest bottom-line financial benefits to businesses. The company has developed a highly skilled team of qualified engineering and specialty contractors with extensive commercial solar experience necessary to service the diverse conditions that can be encountered in commercial buildings. The company couples this superior design and delivery capability with factory direct pricing and zero down financing options to provide exceptional opportunities for its clients. For more information, please visit our website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
President and CEO
SOURCE: XsunX, Inc.