Trendsetter Solar Products (CE) (USOTC:TSSP)
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From Jul 2019 to Jul 2024
TrendSetter Solar Products (Pink Sheets: TSSP) today announced that the
Company has successfully completed a contract for the sale of solar hot
water heating equipment to a commercial project in San Diego, California.
The commercial one hundred forty-nine unit apartment complex is being
retrofitted with the TrendSetter hot water heating systems as part of
the California Solar Initiative pilot program being implemented by the
California Center for Sustainable Energy (CCSE).
On this contract, TrendSetter’s systems are
the first to be approved for rebates for a commercial project in the
state of California, and will be used as a case study for future
projects as the State decides how to issue rebate for both the CSI and
the recent approved Assembly Bill 1470, The Solar Water and Heating
Efficiency Act (AB 1470 - Huffman) authored by Assembly member Jared
Huffman. AB 1470 will put $250 million into rebates for solar hot water
over a ten year period starting after the pilot program is completed and
the results have yielded a working plan.
TrendSetter CEO Dirk Atkinson stated, “This
landmark first for TrendSetter, now proves that TrendSetter can deliver
on large commercial projects and our systems are designed to lead the
solar thermal industry in California. TrendSetter looks forward to a
large share of this market as it develops and matures.”
TrendSetter Solar Products, Inc. had previously announced in September
of 2007 that they had signed contracts to supply solar hot water systems
to this one hundred forty-nine unit, eleven building, apartment building
complex under private ownership in San Diego. The value of this
equipment only contract is $147,800.00 and will entitle the owner to
approximately $31,500.00 in rebates and approximately $63,000.00 in
Federal Tax Credits after installation costs are added of approximately
$95,000.00.
The California Solar Initiative (CSI) has authorized $1,500,000 for the Solar
Water Heating Pilot Program (SWHPP) which is intended set the
guidelines for future benefits to California residents and businesses
who wish to add solar water heating to their buildings. The pilot
program currently is providing incentives to business and customers who
install qualifying solar water heating systems in San Diego, California.
The California Center for Sustainable Energy (CCSE) is administering the
program. For more information on the CSI Solar Water Heating Pilot
Program visit the CCSE website: www.sdreo.org/.
About TrendSetter Solar Products
TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot
water heating and storage systems in the United States. TrendSetter's
solar hot water systems and storage tanks are uniquely positioned to
serve the residential and commercial market. The Company offers a
comprehensive range of solar water heating solutions, including solar
radiant floor heating options, which are rated and qualify for the new
federal energy tax credit program. A standard residential hot water
heater emits approximately one and a half tons of carbon dioxide and
carbon monoxide into the atmosphere. TrendSetter's solar hot water
heating and storage systems are emissions free. As global warming and
alternate and renewable energies become more of a concern, TrendSetter's
products are one of the answers. Additional information can be seen at
the Company's website www.trendsetterindustries.com.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934
and 1995 for all public news releases. Statements, which are not
historical facts, are forward-looking statements. The company, through
its management, makes forward-looking public statements concerning its
expected future operations, performance and other developments. Such
forward-looking statements are necessarily estimates reflecting the
company's best judgment based upon current information and involve a
number of risks and uncertainties, and there can be no assurance that
other factors will not affect the accuracy of such forward-looking
statements. It is impossible to identify all such factors. Factors which
could cause actual results to differ materially from those estimated by
the company include, but are not limited to, government regulation;
managing and maintaining growth; the effect of adverse publicity;
litigation; competition; and other factors which may be identified from
time to time in the company's public announcements.