XsunX Continues to Build on Increasing Demand for Commercial Solar Systems
Aliso Viejo, CA – July 29, 2014 – XsunX, Inc. (OTCQB: XSNX), a leading solar energy solutions provider, today announced that interest in its comma recent U.S. federal study forecasting substantial growth through 2040. The study concludes thercial roof-top solar systems has continued to build. Increasing demand for the company’s systems is consistent with at nearly half of the projected 83GW of new renewable electricity production in the U.S. will come from solar.
“To put the U.S. federal government’s anticipated solar PV growth in perspective, the installation of well over 5 million new solar modules per year would be required for the next 26 years,” stated XsunX CEO, Tom Djokovich. “That’s an enormous growth opportunity for companies like XsunX.”
Up until now residential roof-top solar installations have experienced the fastest growth due in part to companies like Solar City that own and operate the installations as mini-power plants selling the power to homeowners at reduced rates. Solar City’s business plan is to keep the lucrative tax and business investment benefits provided through solar systems it installs. Now, business owners nationwide have begun to realize the full scope of the investment benefits provided through commercial solar PV. XsunX expects sales to come from the surge in demand for commercial PV as owners select solar system providers willing to pass through all the benefits of system ownership.
Mr. Djokovich continued, “The exciting news for XsunX is that we believe that the real growth in commercial solar is just beginning. Making our job easier is the fact that we provide our commercial solar PV clients access to incredible tax benefits, energy savings, and property appreciation benefits, which represent strong motivating factor for customers.”
While solar service companies such as First Solar, NRG Solar, SunEdision, and SunPower continue to focus on larger multi-megawatt projects, XsunX specializes in the design, installation, and service of commercial roof-top solar systems ranging from 20kW to 1MW. The company’s management believes that this sector is underserved and represents the largest growth opportunity in the solar systems market.
XsunX provides solar energy solutions that provide the greatest bottom-line financial benefits to businesses. The company has developed a highly skilled team of qualified engineering and specialty contractors with extensive commercial solar experience necessary to service the diverse conditions that can be encountered in commercial buildings. The company couples this superior design and delivery capability with factory direct pricing and zero down financing options to provide exceptional opportunities for its clients. For more information, please visit our website at xsunx.com.
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Tom Djokovich, President and CEO