SET-Solar Announces Turnkey Solutions for Solar Energy

MOUNTAIN VIEW, Calif., Oct. 29 /PRNewswire/ -- SET-Solar Corp., a U.S.
provider of high-quality, mono-crystalline photovoltaic solar modules,
announced today it offers turnkey solutions for installers and integrators of
solar energy projects. The company, which has been in a rapid growth phase
since its opening in May of this year, has expanded its services beyond just
supplying solar panels to include financing and accessory products. By using
SET-Solar financing, installers can complete their projects with a minimum of
up front cash. In addition, buying everything from one supplier means they
place only one purchase order, greatly simplifying the process. With
SET-Solar's turnkey solution, installers can do more projects, more quickly,
with less capital.

"We're very pleased with the growth of SET-Solar in the five short months
we've been in business. We realized early on that customers wanted a full
service solution, so we've added inverters and other accessories to our
offering, as well as financing and leasing options," stated Roland Chu, Chief
Executive Officer at SET-Solar Corporation. "The full-service solution has
allowed us to grow rapidly. To date, we've secured multiple-year purchase
agreements of 1 to 5 megawatts each from five major customers. Because of
these purchase orders, we will exceed our original revenue estimate for what
was already projected to be a profitable first year."

SET-Solar has two product lines, standard and premium, with 13 different
models, all listed in the California Solar Initiative (CSI) directory and UL
certified. SET-Solar will showcase its products at the Solar Power
International 2009 Conference and Exhibition in Anaheim, California, Oct.
26-29, 2009 in Booth #1285. The company will have specialists available to
discuss solar solutions, including financing plans.

About SET-Solar

SET-Solar Corporation is based in Mountain View, California. The Company
markets and sells high-quality, mono-crystalline photovoltaic solar modules to
integrators, installers and distributors in the U.S. SET-Solar is partnered
with several of the largest manufacturers of high-grade polysilicon and
silicon wafers in China, and Solar Enertech, Inc., a U.S.-based company
producing advanced solar cell technology. http://set-solar.com/

Forward-Looking Statements

Statements contained in this press release, which are not historical facts,
are forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
based largely on current expectations and are subject to a number of known and
unknown risks, uncertainties and other factors beyond our control that could
cause actual events and results to differ materially from these statements.
These statements are not guarantees of future performance, and readers are
cautioned not to place undue reliance on these forward-looking statements,
which are relevant as of the date of the given press release and should not be
relied upon as of any subsequent date. SET-Solar undertakes no obligation to
update publicly any forward-looking statements.

For More Information

Media Contact:
Ignatius Ding
Tel: (877) 786-8649 ext. 106

Investor Contact:
Roland Chu
Tel: (877) 786-8649 ext. 109

This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com.

SOURCE SET-Solar Corporation

Media, Ignatius Ding, +1-877-786-8649 ext. 106, or Investors, Roland Chu,
+1-877-786-8649 ext. 109, both of SET-Solar