Aliso Viejo, CA – February 11, 2015 – XsunX, Inc. (OTC: XSNX), a leading solar power solutions provider, commented today on a recent report published by the Solar Foundation indicating 22% job growth in the solar sector for 2014, a number that could continue growing with the possibility of stabilized renewable energy tax credits.
While the report cautions that the growth may slow in 2017 due to planned reductions to current federal tax credits, there is reason for optimism in part due to proposals within the federal budget making permanent these federal tax credits utilized for solar energies. The credits would apply to both production and investments in solar, facilitating companies to invest in renewables and providing profit-saving credits to further drive the adoption of solar power.
XsunX, Inc. has been doing its part in helping to grow the solar sector having carried the sales momentum it created in 2014 into the New Year by announcing recent solar installation agreements with more in the pipeline. Based in California, the Company has benefited greatly from the state’s reputation as an energy leader, which has resulted in a reported 431,000 advanced energy jobs, making up 2.4 percent of the state’s workforce. The recently proposed 2016 budget would further support job and economic growth in the solar industry by stabilizing solar tax credits, providing companies seeking long-term investments in solar with the short-term installation cost savings that have made solar such a viable alternative to traditional utility power.
“A federal budget with renewed focus on clean technology production and infrastructure, bodes very well for the national workforce and renewable companies such as XsunX,” said Tom Djokovich, CEO of XsunX, Inc. “XsunX has positioned itself well to capitalize upon the market for commercial solar solutions, and we anticipate demand for our services and solutions to grow as companies realize the significant cost savings associated with going solar. We are pleased that these efforts will also provide employment opportunities for skilled experts who place a premium on customer service, a trademark of our solar solutions.”
XsunX provides solar energy solutions that deliver significant bottom-line financial benefits to businesses. We specialize in the sale, design, and installation of commercial solar power systems. 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. We couple this superior design and delivery capability with factory direct pricing, and zero down financing options to provide exceptional solar power investment opportunities for our customers.
For more information, please visit the Company’s website at xsunx.com, or to learn more about the benefits of solar energy for your business 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. 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.
Tom Djokovich, President and CEO