Electron Solar Energy Closes Sale on Largest Residential Solar Energy Installation in Corporate History

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Mon Jun 1, 2009 11:42am EDT

Federal and State Incentives Generating Significant Increase in Contract
Proposal Requests
MIAMI--(Business Wire)--
Electron Solar Energy (OTC: ESRG), an international distributor of alternative
energy systems, announced today that the company has completed the sale of the
largest residential installation sold by the company to date. 

Electron has received a contract and payment on a 12.8KW grid tie solar energy
installation. Installations on private residences have been limited to sizes
between 2 and 10KW up until now. Revenues for the sale exceed $125,000.
Engineering fees and materials deposits have already been collected, and
construction is set to begin in early June. 

President and CEO of Electron Solar Energy, Christopher Quinn, said "Changing
incentives on the Federal and State levels have boosted solar energy sales to
both homeowners and businesses. Rebate funds offered to homeowners by Florida's
Solar Energy System Incentives Program that had been exhausted have now been
replenished and will supposedly be available in 2010. This added incentive has
motivated clients to purchase much larger systems than were popular before." 

Quinn added: "Businesses interested in going solar have benefitted greatly this
year. The American Recovery and Reinvestment Act of 2009 provided a change in
federal law that allows businesses to receive the 30% rebate in the form of a
grant check rather than an income tax credit. This change has empowered clients
to make an even larger financial commitment to going solar. Though today`s
announcement marks the largest residential installation we have seen to date,
commercial quotations are now each ranging into the millions of dollar. If this
trend continues Electron`s immediate future will be much brighter than we had
initially projected." 

To be included in the company`s database for company updates, press release and
industry developments, investors and shareholders should send their e-mails to
investors@electronsolarenergy.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. 





Electron Solar Energy, Miami
Christopher Quinn, President and CEO, 305-756-6789 

Copyright Business Wire 2009

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