Commercial & Residential Solar Solutions

Looming 2019 California Utility Rate Increases Spur Commercial Solar Systems Purchasing Interest

Commercial Facility Operators See Significant Energy Cost Increases on the Horizon

ALISO VIEJO, CA – XsunX, Inc., a leading solar and energy saving technologies provider, announced today that another round of utility electrical rate increases are slated to  take effect in March of 2019, and are creating favorable opportunities for XsunX commercial solar system sales.

These rate increases, approved by the California Public Utility Commission (PUC), have been presented by California utilities as necessary to modernize electrical grids to better accept and distribute renewable energy sources such as solar – welcome news to XsunX and its customers.

As an example, Southern California Edison (SCE) in their PUC rate increase application proposed an anticipated $2.3 billion in grid modernization through 2020. Edison’s objective, outlined in further detail within Edison’s white paper on the Emerging Clean Energy Economy, is to prepare and modernize its grid to harness the potential of distributed energy resources.

While the 2019 utility rate increases bring increased operating costs to all businesses, they also offer excellent opportunities for business owners to exploit solar friendly utility rate plans that can provide significant cost savings through a form of energy rate arbitrage. XsunX is pairing its solar and energy saving systems with these select solar friendly utility rate plans to present customers with compelling financial incentives for investing in solar.

“We are very excited about the opportunities some of Edison’s new 2019 rate plans offer our customers and XsunX sales,” stated Tom Djokovich, CEO of XsunX, Inc.  “We usually see an increase in quote requests for commercial solar systems beginning in September each year, but this year, after the Edison rate notices were mailed, there has been an increase in the number and size of systems we have been quoting. As a result, the sales opportunities for the remainder of this year and 2019 are promising,” concluded Mr. Djokovich.

About XsunX: 

XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy saving technologies to provide our clients long term savings, predictability, and control of their energy costs. Making solar energy a sound investment for our clients is our mission.

For more information, please visit the Company’s website at www.xsunx.com, or to learn more about the benefits of solar energy for your business or home schedule a free PV project assessment.

Safe Harbor Statement: Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The Company is in no way offering tax advise or guidance in the matters discussed in this release, and readers should seek tax advice from licensed professionals to validate how tax code changes may affect investments.

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