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Clear Skies Sign 162 KW Contract

2011-05-11 06:00 ET - News Release

MINEOLA, N.Y., May 11, 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 signed a contract with a  New Jersey car dealership and the approved funding will be using our  Power Purchase Agreement program, or PPA.

The PPA allows a customer to pay a discounted price for electricity  without expending any cash or accruing debt on the books. A third party  or financer would own and operate the system while receiving the  benefits generated by the renewable energy system. Those advantages are  tax credits, Renewable Energy Credits (REC's) accelerated depreciation  as well as in some areas, feed-in tariffs.  

CSS has expanded their target market into the high-volume arena which  has proven to be very successful. We started 2011 with a new focus and  altered our internal structure to help meet our new goals. The focus on  smaller projects has brought our 2011 sales to approximately $6 million  to date and we expect this growth to continue in the future. 

From contract signature to execution, these projects take anywhere from  2-5 months to develop depending on the complexities of the engineering  and interconnection requirements. The pipeline of sales we have  generated starting in January 2011 are now being permitted and  installations are expected to begin with the first shipment of modules  being delivered in 10-14 days.

CSS has quickly and successfully changed the direction of the company.  We look forward to the continued delivery of good news and growing  revenue for the future.  

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.