Solar Energy Initiatives Announces LOI for $17 Million in Commercial Projects

* Total size of the ventures will reach 4 MW

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. workforce
and focus on reducing the world`s dependence on fossil fuels by selling solar
thermal and photovoltaic (PV) technologies, today announced letters of intent
with several municipalities in various locations in the United States to install
and operate approximately 4 megawatts (MW) of photovoltaic (PV) systems on
government buildings. The Company anticipates that the projects will be
completed by the second quarter of fiscal 2010.

The Company will provide all solar equipment for the installation on the sites
within the municipalities, as well as sell the newly generated solar energy to
the buildings at a discounted rate compared to the previous electricity
provider. Upon completion of the agreements, Solar Energy expects to provide
energy savings to the municipalities without any out of pocket costs to the
municipalities. The utilization of approximately 20,000 solar panels for the 4
megawatts of projects is projected to reduce hazardous carbon dioxide emissions
by 6,000 tons, annually.

"Management is pleased with the Company`s ability to attract these profitable
government ventures," stated Mr. David Fann, Chief Executive Officer of Solar
Energy Initiatives. "We are encouraged with the recent influx of projects that
the Company is being offered, as well as, our ability to secure multiple
agreements simultaneously. Solar Energy`s proven business model which offers low
cost, high return energy production to municipalities is rapidly being accepted
throughout the alternative energy markets. The Company will continue to leverage
its strategic business model and growing market presence in order to expand its
geographic presence, increase earnings, and improve shareholder value."

The Company will partner with a major funding source, installing the solar
system at no "out of pocket" cost to the school district or municipality. In
addition to the sale of solar panels into the projects, Solar Energy Initiatives
will recognize energy sales over a 20-year period.

About Solar Energy Initiatives

Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is dedicated to reducing
the world`s dependence on fossil fuels by selling solar thermal and photovoltaic
(PV) technologies, while building a profitable company. 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) 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
David Fann, CEO, 904-644-6090
david.fann@solarenergy.com
or
Alliance Advisors, LLC
Chris Camarra, 212-398-3487
ccamarra@allianceadvisors.net
or
Bryan Kobel, 212-398-3487
bkobel@allianceadvisors.net

Copyright Business Wire 2009