Solar Energy Initiatives, Inc. 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.
Share Statistics:
Outstanding:
26,226,414
Float:
6,213,914
Important Company Highlights
The Company is anticipating its revenue run rate to be at $6 million by fiscal year- end July 31, 2009 and $21 million by the 2010 fiscal year-end.
Solar Energy has established a network of 90 dealers within their independent solar sales division, which is one of the largest and fastest growing in the U.S.
The Company will utilize the equipment of Suntech, BP Solar, GE Solar, Canadian Solar and other leading Solar OEMs as it accelerates its integration strategy with the next growth stage of the Solar Industry.
The 8-year extension of the Federal Investment Tax Credit and the anticipated drop in the cost of solar electric generation bodes well for the Solar Industry.
The Company is now generating revenues from the sale of solar products to their network of 90 dealers as well as income generated from the addition of new dealers, Solar University training, Solar Power Purchase Agreements (PPAs, municipal power contracts) and development of utility-scale Solar Parks.
The number and quality of commercial and solar park projects in the pipeline continues to grow, with total capacity for all projects exceeding 50 Megawatts.
The Company attracts its dealer network through its proprietary domain name and website, solarenergy.com.
The site is the most visited solar website in the world, currently receiving over 1,000,000 "hits" per month and steadily growing with the Company's 'Renew the Nation' campaign.
Company Information
Solar Energy Initiatives, Inc. 818 A1A North Suite 201 Ponte Vedra Beach, FL 32082
CEO: David Fann Employees/Consultants: 21 Incorporated: in Delaware June 20, 2006, as NP Capital Corp; name changed to Solar Energy Initiatives, Inc. Sept. 3, 2008.
Issue Type: Common Stock Sector: Solar Energy Industry: Renewable Energy