Peju Winery Solar Power System Completion
Akeena Solar, Inc. (OTCBB:AKNS), a leading designer and installer of solar power systems, announced today the completion of the design and installation of a 126 kW solar power system for Peju Winery in Napa Valley, CA.
With the solar power system, Peju Winery generates enough clean, solar electricity each day to power 40 average homes. This solar power system will reduce Peju’s annual expense of electric utilities by approximately 35 percent. The solar power system will pay for itself in less than five years. For more information, go to www.akeena.net/cm/Peju.
From the solar energy of the system, Peju Winery now produces approximately 35 percent of its electricity needs on an annual basis. The winery received a solar energy rebate of approximately $260,000 from the California Energy Commission, as well as approximately $278,000 federal business solar tax credit.
“Being chosen by one of Napa Valley’s top wineries to install this solar energy system was quite an honor. The current state and federal solar incentives make solar electric systems a viable investment for all types of businesses,” said Barry Cinnamon, Chief Executive Officer of Akeena Solar. “With electric energy costs skyrocketing, smart organizations like Peju Winery are now looking for ways to reduce and set its facility operations expenses for the long term. With a 25-year warranty and a 30-year design life on the major system components, this solar energy system will save the winery money for many years to come.”
As a certified Napa County Green Business, Peju’s primary motivation for installing the solar power system is to produce green solar energy. Ariana Peju, Vice President at Peju Winery, said, “It’s the right thing to do. Solar energy is good for the environment and the reduction of greenhouse gases is good for the community. With the financial incentives, it was an easy decision. We chose Akeena Solar based on its reputation and its employees. It was easy to do business with Akeena.”
About Peju Winery
Peju Winery is recognized as one of Napa Valley’s top wineries. Wine & Spirits Magazine gave its highest honor to Peju, naming it the “Top Artisan Winery of the Year.” Wine Spectator selected the Peju Reserve as one of “the top California Cabernets.” Most of the highly sought after wines are sold only from the winery, with a small allocation available through distributors in a few states, making them a special find. For more information, go to www.peju.com.
About Akeena Solar, Inc.
Founded in 2001, Akeena Solar’s (OTCBB:AKNS) 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 integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar’s website at www.akeena.net.
Safe Harbor
Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “expects,”"plans”"will,”"may,”"anticipates,” believes,”"should,”"intends,”"estimates,” and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.