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Yes! Solar Solutions Secures Contracts and Begins Construction of Solar Systems for Three Affordable Housing Developments in Monterey County

Posted on: Wednesday, 11 June 2008, 06:00 CDT

Yes! Solar Solutions, a wholly owned subsidiary of Solar Power, Inc. ("SPI") (OTCBB:SOPW), is scheduled to begin construction on three contracts executed by SPI with The Housing Authority of Monterey County (HAMC) in Salinas, California. The three developments are located in various parts of Monterey County and ultimately represent 166 apartment units and associated common areas. The photovoltaic (PV) solar systems being designed and installed by Yes! Solar Solutions will provide a combined total of 210 kilowatts of photovoltaic (PV) powered electricity and will serve the electricity needs of most of the apartment units and the common areas of the three developments. The three developments are formally known as The Monterey Street Apartments, Fanoe Vista Apartments and the Benito Street Apartments and are located within the communities of Soledad and Gonzalez in Monterey County, California.

"These projects represent a continuation of our work within the affordable housing industry and with HAMC," said Todd Lindstrom, President of Yes! Solar, Inc. "Most recently we completed a retrofit project for HAMC, converting their Rippling River development in Carmel Valley, California to PV solar with a 32 kilowatt system. To date, including new buildings and retrofits, our company has completed nine major affordable housing developments representing approximately three quarters of a megawatt of installed and contracted PV solar systems," Mr. Lindstrom concluded.

"Yes! Solar Solutions has done a great job for us, and because of our positive experience with photovoltaic solar systems on our developments, we are planning to include solar in all of our future projects," said Starla Warren, Director of Development, with The Housing Authority of Monterey County. "In addition to the environmental benefits solar delivers, the economical sustainability of photovoltaic solar allows us to better serve our constituency," Ms. Warren added.

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. is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets complete photovoltaic solar solutions. Yes! Solar Solutions offers the North American 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.

Source: Business Wire

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