GSLO: New Bipartisan Solar Panel Bill Aims to Slash Consumer Costs
07 June 2011 - 11:00PM
Business Wire
GoSolarUSA (Stock Ticker: GSLO) announced its support this week
for ambitious new legislation aimed at dramatically cutting
consumer costs for solar panels.
The bipartisan bill, known as the 10 Million Solar Roofs Act of
2011, was introduced Monday by Sens. Bernie Sanders (I-Vt.) and
John Boozman (R-Ark.) would lower the cost of residential solar
panels, as well as commercial solar installations, by streamlining
the application and permitting process. If passed, the legislation
would offer grants and subsidies to communities that adopt quicker
and more efficient methods of installing solar panels as well as
lower the cost of residential and commercial solar installations by
streamlining the application and permitting process.
Some estimates indicate that the legislation could trim as much
as $2,500 from the current consumer cost of solar panels.
“As we lower the cost of solar energy and increase our use of
solar, we can create hundreds of thousands of good-paying
manufacturing and installation jobs in this country,” said Sen.
Bernie Sanders in a prepared statement.“This bill also sets strong
targets for American solar energy production, to ensure we compete
vigorously with China and Europe for solar energy jobs.”
While photovoltaic solar module prices and installation costs
have come down significantly in recent years, the so-called soft
costs of solar installations, which include permitting, coding,
legal and regulatory costs, have remained high. The new bill seeks
to streamline and standardize those processes to make solar
installation cheaper and easier.
“The 10 Million Solar Roofs Act would be a terrific shot in the
arm for the domestic solar industry, which is already one of the
fastest-growing in America,” said GSLO President and CEO Tyson
Rohde. “With federal support, solar power is rapidly becoming a
realistic option for more and more Americans.
“The demand for solar is already high, and by reducing
installation costs, Congress can help eliminate carbon emissions
and create thousands of new green-collar jobs.”
GoSolarUSA is positioned to capitalize on the rising demand and
falling costs for photovoltaic solar power. Late last month, a GSLO
agent met with Houston City Councilman Jarvis Johnson regarding
possible green energy solutions for municipal properties in his
district. GSLO has targeted Houston for new business opportunities
due to the city’s great potential for large-scale solar energy
developments. Johnson’s District B includes several large municipal
properties well-suited for renewable energy projects such as solar
panel installations.
GoSolarUSA aggressively acquires, develops and markets the most
promising and potentially profitable green technology available.
The GoSolarUSA mission is to manifest cutting-edge solar technology
and manufacturing advances to successfully compete in a global
marketplace, which includes ReneSola Ltd. (NYSE:SOL), JA Solar
(NASDAQ: JASO), Canadian Solar Inc. (NASDAQ: CSIQ) (NYSE:STP) and
First Solar Inc. (NASDAQ:FSLR).
About GoSolarUSA, Inc.
GoSolarUSA primarily identifies and develops new solar energy
technologies in the United States. We believe this not only creates
high-quality jobs in America, but also ensures the quality and
availability of our products. GSLO is endeavoring to advance clean
American solar technology to compete in the global energy industry.
GoSolarUSA is a U.S. registered and reporting OTCQB market tier
company.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“should,” “plans,” “believes,” “expects,” “aims,” “anticipates” or
similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the company to
differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone's
past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set
forth above and the company assumes no responsibility to update the
information included herein for events occurring after the date
hereof.
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