updated 3/17/2011 6:16:03 AM ET 2011-03-17T10:16:03

MINEOLA, N.Y., March 17, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced it has received an LOI for the financing of a 310 kw solar installation in Philadelphia.

CSS, with its expanded sales & marketing department, continues to make further progress in the sub 300kw market. This commercial project will be a $1.2 Million rooftop installation which is being financed using the PPA program.

"Several months ago we changed to a high-volume model which has had an impressive response and we expect to continue this growth. Our construction background and past performance allows us to execute on these projects successfully and we look forward to keeping our shareholders updated," said Ezra Green, CEO Clear Skies Solar.      

Clear Skies Solar is planning an open discussion in the coming weeks regarding the past releases along with the general status of the company.

About Clear Skies Solar, Inc.

Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time, the Company developed its proprietary systems, obtained important licenses and certifications, and acquired technologies to maximize the impact of its construction expertise in the renewable energy sector. Clear Skies Solar has become one of the premier solar electric installation companies in the country. For more information about CSS please visit http://www.clearskiessolar.com

The Clear Skies Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7498

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about Clear Skies Solar's expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from these forward-looking statements can be found in Clear Skies Solar's periodic reports filed with the Securities and Exchange Commission. Clear Skies Solar undertakes no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.

CONTACT: Clear Skies Solar, Inc.
         Investor Relations Department
         Email: IR@ClearSkiesSolar.com
         Direct: 1-877-309-CSKH (2754)

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.94%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com