In 2006, Standard Solar Inc. committed to raising raising .5 million in additional capital to enable 5,000 American families in Maryland, Virginia, the District of Columbia, Colorado, North Carolina, and Southwest Florida to purchase residential grid tied solar electric systems which Standard Solar will install and service within five years.
This will result in the displacement of 65,000 to 80,000 tons of greenhouse gases over 5 years, at no cost to local, State, or Federal government or industry as American families spend their own money to reduce their 'carbon footprint.' By 'branding' solar energy and making it easy for the average American consumer to purchase solar power, Standard Solar will enable thousands homeowners to 'go solar' and reduce their reliance on fossil fuels for their electricity.
Standard Solar Inc. believes in fighting climate change one solar home system at a time. The possibilities are endless, given the millions of homes in the company's operating area. An estimated 20% of greenhouse gasses are caused by home energy use, and 40 percent to 50 percent of a home's electricity can be supplied by the sun. Federal tax credits and local incentives make solar affordable now, so business is booming, even in this present economic period.
Standard Solar's experienced team of solar professionals and PV industry veterans is committed to setting an example for other solar energy businesses by scaling it from an entrepreneurial venture to a high-growth company. If new solar service companies don't enter the market place, Americans will not be able to utilize clean energy and thus 'save the planet one roof at a time'. It will take 20 companies like Standard Solar in California alone to meet the State's Million House Program target, and many more to satisfy demand for clean energy in the other 49 States.
Standard Solar's founder, Neville Williams, who in 1995 launched an international company that provides solar electricity in developing countries, says: 'If we can sell fifty thousand solar home system to poor people in the Third World, we should certainly be able to sell them to 50,000 families in the United States, who are the largest producers of greenhouse gases and who want to use solar energy but don't know who to call.'
Standard Solar was launched in 2004 and began operations in the Washington DC metropolitan area in June of 2006. Currently, the Company is installing residential solar energy systems for homeowners who 'want to do something' to offset carbon emissions, reduce utility bills, guard against rate increases, and insure their own and their country's energy security. Millions of homeowners in North American want to take action against global warming, and some purchase Prius cars, some embark on home energy conservation and efficiency programs, and many want to install solar systems on their roof but they do not know who to call. The Company estimates that it will reduce carbon emissions by 3.5 tons per household per year, or over 65,000 tons in five years if it meets its sales projections. If the model is successful, within 10 years, Standard Solar could 'solarize' 50,000 American families, thereby catalyzing a new mainstream business model in a dozen or more States, while reducing carbon emissions over 25-years (the lifetime of a solar home system) by 4 to 5 million tons.
Americans produce more greenhouse emissions than any other people on the planet, and many are willing to spend their own money to reduce their carbon footprint if only someone, or some Company, will provide the necessary means
SEEKING: financial resources, media and marketing assistance. Standard Solar is presently raising a $50 million fund to finance large commercial installations and to offer solar system leasing options to homeowners