Solar Energy Initiatives Finalizes $6MM Contract for Solar Installation

* 20 Year Contract for Sale of Energy
* Confirms $12 Million Run Rate for 2009

PONTE VEDRA BEACH, Fla.--(Business Wire)--
Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots
campaign, "RENEW THE NATION", to help redeploy a portion of the U.S. work force
and focus on reducing the world`s dependence on fossil fuels by selling solar
thermal and photovoltaic (PV) technologies, today announced that the Company has
finalized a contract with a school district in the western United States to
install and operate a $6.0 million PV system on school facilities.

Solar Energy Initiatives will supply the solar equipment for the installation on
the locations within the school district, as well as sell the newly generated
solar energy to the school district at a discounted rate compared to the current
electricity provider. Solar Energy Initiatives will partner with a major funding
source, installing the solar system at no "out of pocket" cost to the school
district or municipality. Solar Energy Initiatives will split the revenue of the
energy sold to the school district and recognize energy sales over a 20-year
period.

"We are pleased with our ability to secure and finalize this multi-million
dollar commercial contract," stated Mr. Greg Bakeman, President and Chief
Financial Officer of Solar Energy Initiatives. "We are excited to complete our
first commercial project which will serve as a proof of concept to show the
benefits of Solar Energy`s low cost, high return solution. This contract serves
as a major milestone in reaching our goal of being cash flow positive by the end
of 2009."

Upon completion of the contract, Solar Energy expects to provide approximately
20% in overall energy savings to the school. The utilization of approximately
5,000 solar panels for the 1 megawatt project is projected to reduce hazardous
carbon dioxide emissions by 2,000 tons, annually.

"This contract represents Solar Energy Initiatives' first significant deal
within the commercial municipalities market," said David Fann, Chief Executive
Officer of Solar Energy Initiatives. "Going forward we intend to leverage the
same low cost, high return solutions to potential clients in what believe to be
mutually beneficial agreements. Based on our Renew the Nation campaign and
strong marketing to U.S. municipalities, we have successfully grown our pipeline
to over $60 million."

Mr. Fann concluded, "The signing of this project is a testament to our strategic
business plan that provides plumbing, electrical and general contractors with
both the knowledge and necessary tools to be successful as a Solar Energy
Initiatives dealer. We are pleased to now have over 65 dealers in our network
who have completed our Solar University training program. The Company looks
forward to increasing enrollment of our Solar University and providing the
attendees the necessary assets to participate in solar projects as this."

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is executing its "RENEW THE
NATION" campaign, intended to promote job growth nationwide via an aggressive
grass roots effort. The main focus of RENEW THE NATION will be working with
companies in the construction industry and related trades affected by the
economic downturn to re-train and re-deploy their workforce, allowing this
important national asset to meet the needs of the Solar Energy industry, the
fastest growing industry in the world. We are executing on a three-pronged
approach to achieve our plan. This includes: continuing development of one of
the fastest growing dealer networks in the U.S. that sells and installs solar
solutions to homeowners and commercial customers; placing solar systems on large
commercial buildings and selling the energy output to the owner/occupant(s); and
becoming a developer of solar parks bringing together landowners, utilities and
our corporate resources to build large photovoltaic installations.

The Company`s dealer network of solar energy installers has access to BP Solar
(NYSE:BP) and GE Solar (NYSE:GE) equipment via its distribution agreements.
While Solar Energy Initiatives is not a solar franchise, and the Company does
not compete directly with industry giants such as First Solar (NASDAQ:FSLR),
Kyocera (NYSE:KYO), Sanyo (OTC:SANYY) or Suntech (NYSE:STP), as a system
integrator, it provides exciting and practical solutions to businesses and
individuals worldwide that understand the value of solar power.

Solar Energy Initiatives, Inc., Ponte Vedra Beach
Gregory Bakeman, President, 904-644-6090
greg.bakeman@solarenergy.com
www.solarenergy.com
or
Alliance Advisors, LLC
Chris Camarra or Bryan Kobel, 212-398-3487

Copyright Business Wire 2009