Yes! Solar, Inc., a wholly owned subsidiary of Solar Power, Inc. (OTCBB:SOPW) announced today that it has introduced a new solar module racking system that will be the backbone of its Yes! MosaicTM residential photovoltaic (PV) solar home energy systems - each Yes! Mosaic™ system is sized to the precise electrical energy requirements of the homeowner. The proprietary new racking system, ClickRackTM, utilizes a revolutionary new low-profile mounting system that dramatically reduces installation times while providing an extremely secure and aesthetically superior finish, regardless of roof style or architectural requirements.
ClickRackTM streamlines the installation process by virtue of its simple fixed mounting bracket and articulating click-mount assembly. Once the mounting brackets are attached to the roof, Yes! Energy SeriesTM PV modules, designed exclusively for Yes! Mosaic™ systems are simply clicked into place. The unique mounting system and PV modules do not require traditional wiring assemblies; instead electrical connections are achieved through the modules themselves. Similarly, ClickRack's™ self-grounding feature eliminates another traditional installation step and the materials needed to electrically ground modules. The net benefit of the ClickRack™ mounting system is a much faster, safer and more secure, low-profile installation.
One of the more unique aspects of the ClickRack™ mounting system is how easy it makes disassembly. In the event of a remodel or re-roofing project, modules simply snap out of their brackets with unparalleled ease. Unlike other mounting systems, in the event of individual module replacement, any single module in an array can be removed without the need to remove any adjacent modules, dramatically reducing replacement time. The mounting system is also fire-code friendly, helping to streamline the permitting process.
"The introduction of ClickRackTM with our Yes! Mosaic™ residential energy systems make it extremely easy for homeowners to match one of our systems to their requirements and rapidly begin to achieve energy independence. Our Yes! Solar Solutions franchisees are very excited about this new product and the competitive advantage it will provide them within their territories." said Todd Lindstrom, President Yes! Solar, Inc. "With Congress passing the 8-year extension of the federal Investment Tax Credit and raising the limit of the tax credit from $2,000 per system to 30% of system cost, residential solar systems have never been more economically attractive. Homeowners seeking relief from rising electricity costs are the real winners and our Yes! Mosaic Energy Series™ systems are designed to allow them to quickly take advantage of the new ITC and the savings the systems will deliver."
Yes! Mosaic™ residential energy systems featuring the new ClickRack™ mounting system are exclusively available through Yes! Solar Solutions energy outlets and will be reaching Yes! energy outlets in the first quarter of 2009
About Yes! Solar, Inc.
Yes! Solar, Inc., DBA Yes! Solar Solutions, is a wholly owned subsidiary of Solar Power, Inc. (OTCBB:SOPW). Founded in 2005, Solar Power, Inc. designs and manufactures its own products, including solar modules and racking and mounting systems. The company also designs and builds both large-scale commercial systems and residential solar systems for the U.S. market. Yes! Solar Solutions offers the U.S. residential and medium to small-sized business market segments turnkey solutions through a single brand. The Yes! Web site can be visited at www.yessolarsolutions.com. Solar Power, Inc. can be visited at its web site at www.solarpowerinc.net.
Safe Harbor Statement:
This release contains certain "forward-looking statements" relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as "believes, expects" or similar expressions. The forward looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.