Yes! Solar, Inc. Sells Two Northern California Territories

ROSEVILLE, Calif.--(BUSINESS WIRE)--Yes! Solar, Inc., a wholly owned subsidiary of Solar Power, Inc. (OTCBB:SOPW), announced today that it has executed franchise agreements for two additional California territories, extending coverage for the San Francisco bay area, and is adding coverage on California’s central coast region. The newest Yes! Solar SolutionsTM operation will serve California’s central coast through a territory that extends from Santa Cruz to San Miguel, California. Combined with existing contiguous territories, the newest California territories in the Yes! Solar Solutions franchise network extends reach to support more than one million owner occupied homes and many businesses that can benefit from Yes! Solar Solutions’ photovoltaic solar energy systems.

The new central coast franchise operation has been purchased by All In One Contractors Inc. based in Morgan Hill, CA. The franchise territory harbors approximately 156,000 owner occupied dwellings and numerous businesses throughout its 5,375 square miles. Borders of the new market area extend from Boulder Creek, near Santa Cruz, at the north, Carmel to the west, San Benito to the east and reach almost to San Miguel at the territory’s southernmost point.

“We are very impressed with the Yes! Solar Solutions product line of home energy systems. We are also very excited about this agreement,” said Mehyeddine Alayleh, Vice President of Marketing for All In One Contractors Inc. “As the number of people turning to renewable energy grows, we look forward to providing them with the solar solutions they need. Combined with California’s Solar Initiative rebate program and the recent addition of the 30% Federal Investment Tax Credit for homeowners purchasing a solar energy system, the opportunity for us to leverage our team’s collective experience couldn’t be better,” Alayleh said.

Trade Dimensions, Inc. (“TDI”) located in Pleasanton, CA, who recently purchased the Yes! Solar Solutions east bay area territory, have also purchased the south bay area territory, extending their overall area to include the greater San Jose region. The additional territory adds 324,000 owner occupied homes and thousands of prospective business customers to their market. The additional territory will host another Yes! Solar Solutions retail location. The east bay and south bay territories will be served by a single distribution hub also operated by TDI and located in Hayward, CA.

“Extending our market area into the south bay area is an excellent addition to our business,” said James Gitas, Vice President of Marketing. “As long-time residents of the bay area it is a real pleasure to be able to provide these communities with products and services that deliver a true win-win solution. Not only can we serve the environment, we are also providing home and business owners with energy independence and a means to reduce or eliminate their electricity costs.”

“These two recent additions extend our reach and bring a very experienced group of business professionals to California’s central coast and to our growing franchise network. With two additional San Francisco bay area territories remaining, and rising electricity rates, the bay area has become one of our fastest growing regions,” said Jeff Pontius, Executive Vice President for Yes! Solar, Inc. “In the current economic climate, the renewable energy industry, and solar energy specifically, offer a great deal of promise for the foreseeable future. We look forward to serving the home and business owners of the greater San Francisco bay with our solar energy solutions and a growing number of solar product innovations. More importantly, we look forward to making a difference in the communities our franchise owners serve.” Yes! Solar, Inc. is actively seeking franchisees for the two remaining territories within the greater San Francisco bay area.