Acro Energy Teams Up with SunRun To Offer California Customers Solar Power Purchase Agreements
HOUSTON, Texas (Oct. 20, 2009) – Acro Energy Technologies Corp. (TSX Venture: ART) now offers California customers a solar power purchase agreement through a new strategic alliance with SunRun, the nation’s leading home solar service company.
As part of the companies’ agreement, Acro Energy and SunRun will offer solar electricity service agreements to residential customers and Acro Energy will sell solar electricity facilities to SunRun as a preferred solar systems integrator. With SunRun’s unique solar power purchase agreements, homeowners pay a small one-time system installation fee and then a low monthly bill to have solar energy power their homes. The one-time system installation fee is a fraction of the normal upfront cost of installing a home solar system.
SunRun’s power purchase agreements provide Acro Energy customers with monitoring, repairs, insurance and a performance guarantee for solar systems, offering homeowners additional simplicity and peace of mind when switching to solar power.
“The ability of homeowners to finance solar electricity systems is the single biggest hurdle for the solar integration market. Offering SunRun to our customers is a competitive advantage for Acro Energy,” said Nat Kreamer, interim president of Acro Energy. “It should help us convert a significant number of currently contracted customers, who want an affordable solar financing option, into revenue.”
“Our relationship with Acro Energy will allow SunRun to bring affordable solar to even more homeowners in California,” said SunRun President Lynn Jurich. “Together, we look forward to growing the number of homeowners who are getting clean energy and saving money.”
---------------
About Acro Energy
Acro Energy Technologies Corp. is focused on the consolidation and growth of renewable energy companies, primarily in the United States residential solar energy installation market. As a system integrator, Acro Energy provides practical solutions to individuals, businesses, non-profit organizations, and governmental entities that can benefit from the value of solar power. Acro Energy continues to evaluate suitable acquisition candidates across North America. For more information, please visit www.acroenergy.com or email info@acroenergy.com.
On Behalf of the Board of Directors,
Douglas A. Samuelson, Executive Vice President, Acro Energy Technologies Corp.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Customer contact: Terri Loftus for Acro Energy
209/847-2977 office
tloftus@acroenergy.com
Media contact: Laura Pennino for Acro Energy
281/286-9398 office or 713/419-1776 mobile
lp@penninoandpartners.com