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Barry Cinnamon, CEO and Founder of Akeena Solar, Named Ernst & Young Entrepreneur Of The Year(R) 2008 Award Finalist in Northern California

June 19, 2008

Akeena Solar today announced that CEO and founder Barry Cinnamon is a finalist for the Ernst & Young Entrepreneur Of The Year(R) 2008 Award in the Northern California. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Cinnamon was selected as a finalist from over 90 nominations by a panel of independent judges. Award winners will be announced at a special gala event on 21st June at the Fairmont Hotel in San Francisco.

“It’s an honor to be recognized by an organization that is dedicated to promoting entrepreneurial activity. When I started Akeena Solar seven years ago, it was my goal to make solar easier, and our success shows through the thousands of homeowners and business that have embraced solar,” Cinnamon said. “This award reaffirms our direction, and shows the world that a successful business can be based on renewable energy.”

A leading installer of solar power systems since 2001, Akeena Solar recently launched a new solar power system, Andalay. This breakthrough power system is a revolutionary design shift in the residential solar market and is the first panel to incorporate the electrical and racking elements into a panel itself. Also, throughout the course of the past year, Akeena Solar has opened eight new offices throughout California and Colorado, increased its workforce and signed manufacturing deals with Kyocera and Suntech, two of the biggest solar manufacturers in the industry.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 22nd anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world.

Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the concluding portion of Ernst & Young’s Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as a national sponsor.

In Northern California, sponsors include NYSE Euronext, HSBC, Marsh, RR Donnelley, Scherzer International, The Big Picture Film and Video Arts, SmartBusiness and The Summit Group Communications.

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar’s philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States. The company’s new integrated solar panel system, Andalay, is the only solar panel system with integrated racking, wiring and grounding. Andalay panels offer unprecedented reliability, performance and aesthetics. For more information, visit Akeena Solar’s website at www.akeena.com.

About Ernst & Young’s Entrepreneur Of The Year

Ernst & Young’s Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.

For more information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

This news release has been issued by Ernst & Young LLP, a member firm of Ernst & Young Global Limited.




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