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Electron Solar Energy Partners With Clean Power Finance to Bring Solar Energy Financing to the Mass Consumer Market

Posted on: Thursday, 4 September 2008, 09:00 CDT

Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today it has partnered with Clean Power Finance, to provide financing to Electron Solar's home and commercial solar energy installations.

Clean Power's software tools integrate financing scenarios into Electron's solar quote, resulting in a fundamental shift in the way renewable energy is sold. By delivering an accurate, professional proposal that highlights the customer's estimated monthly payment and environmental benefits, Electron and Clean Power Finance aim to take solar from the domain of the enthusiast to the millions of cost-conscious, green-minded consumers in mainstream America.

Clean Power's financing model is designed to offset the initial high cost of solar power installation. "The average residential solar installation is between $30,000 and $40,000, so getting consumers over sticker shock is a big hurdle for contractors who install solar power," said Clean Power Chief Marketing Officer Eric King.

President and CEO of Electron Solar Energy, Christopher Quinn, said, "With record high fuel and electricity bills reported in our areas of coverage, our partnership with Clean Power is designed to help struggling or frustrated homeowners realize new energy and cost efficiencies today. With financing options now available directly from our sales people coupled with rebates on the Federal and State levels, consumers have an added incentive to install our solar panel kits. Equally so, our commercial customers can more easily transition to eco-friendly practices and lower operational costs. We anticipate that this full service financing package will give Electron Solar Energy's installation division the boost it needs to achieve significant net profits."

About Clean Power Finance

Based in San Francisco, Clean Power Finance was founded by Gary Kremen, the innovative entrepreneur who founded Match.com. Clean Power Finance is dedicated to the mass market adoption of renewable energy. The company partners with renewable energy providers and lenders to make residential and commercial systems easy and affordable. Whether you're concerned about global warming, rising utility costs, the economy, or foreign policy, Clean Power Finance can help you save money while making a difference. For more information, visit http://www.cleanpowerfinance.com/.

About Electron Solar Energy

Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution and installation of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com. For investor relations, visit http://www.otcfn.com/esrg.

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Business Wire

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