ROSEVILLE, CA–(Marketwired – Apr 22, 2014) – Solar3D, Inc. (OTCQB: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, today announced that solar sytems sales by SUNworks’ newly launched residential division through the first four months of 2014 are approaching $1 million per month and that homeowners report an average a savings of 80% off their electric bills. Residential solar systems may account for as much as 50% of the company’s revenues in 2014.
“Growth of residential solar systems sales in 2014 has been exceptional as more environmentally and economically conscious homeowners turn to SUNworks for their solar installations,” said Brent Baker, SUNworks V.P. of Sales. “In comparison to many other solar systems suppliers, we are not a one-size-fits-all type of solar company. That approach allows us to better understand each homeowner’s unique challenge and offer a solution that fits that family’s budget and goal. We believe that is best way to deliver true value to our customers.”
By offering a SUNworks custom solar systems through purchase and financing, SUNworks facilitates ownership of systems by the homeowner, which results in greater monthly savings. In addition, the homeowner also receives solar benefits, including the 30% federal tax credit. Actual system ownership delivers a considerably better return on investment than leasing.
“We have built our company on the principle of providing our customers with the maximum potential for savings, while striving to achieve 100% satisfaction,” said Abe Emard CEO of SUNworks.
One Yuba City homeowner said, “It seems like businesses today forget that people are what business is all about. That’s not true for SUNworks…they are a great example of what a business can be. SUNworks promptly prepared a solar quote for our project and every step was completed with professionalism.”
Solar3D continues to pursue the strategy of seeking additional acquisitions to join its SUNworks division, as well as the development of the Solar3D cell. “Our future looks brighter than ever,” said Jim Nelson, CEO of Solar3D. “Our ultimate mission is to provide affordable and efficient solar power to the world. We would like to set the standard for the industry in meeting this goal.”
About Solar3D, Inc.
Solar3D is a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell. The company’s SUNworks division focuses on the design, installation and management of solar power systems for commercial, agricultural and residential customers. SUNworks is one of the fastest growing solar systems providers in California and has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability of providing systems as large as 25 megawatts. Solar3D’s technology division is developing a patent-pending 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. The Solar3D Cell collects sunlight from a wide angle and lets light bounce around in 3-dimensional microstructures on the solar cell surface. The Company’s mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies.
To learn more about Solar3D, visit our website at http://www.Solar3D.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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