SOURCE: XsunX, Inc

July 09, 2015 08:56 ET

XsunX Added to Prominent Clean Energy Finance Company Platform

Relationship With Kilowatt Financial Provides XsunX Exposure to the Growing Residential Solar Market

ALISO VIEJO, CA--(Marketwired - Jul 9, 2015) -  XsunX, Inc. (OTC PINK: XSNX), a leading solar power solutions provider, announced today that is has been approved for addition to the platform of Kilowatt Financial, a clean energy company that provides consumers with affordable financing for solar electricity and energy-efficient homes through a qualified contractor and installer network.

With approval in place, the relationship will provide XsunX with access to a suite of financing options for residential customers, the ability to pursue residential leads to expand revenues, and identify other contractors and specialists for potential project partnerships. Kilowatt Financial provides retail installment contracts or direct loans to customers in a number of states, most notably California, helping customers select a flexible financing options that meet their specific needs. This strategy strongly aligns with XsunX, who has developed a reputation for meeting customer demand while driving down costs currently associated with solar installation.

With exposure to Kilowatt Financial's comprehensive consumer financing programs, XsunX is now poised to expand into the high-growth California residential solar market, one that experienced significant increases in adoption, even as rebates dropped. In fact, a recent report from Solar Energy Industries Association (SEIA) cited California's rapid residential solar growth of adding well over half a gigawatt for the first time on an annual basis, while stating California's market will remain well positioned to sustain its rank as the top residential state.

"XsunX's strategy of providing top-tier, commercial solar power solutions has cemented our position as a Company succeeding through organic growth," said Tom Djokovich, CEO of XsunX, Inc. "This has resulted in validation of our expertise and now qualified us for addition to the Kilowatt Financial network. This strategic expansion into the residential solar market is one that we are excited to pursue with a focus on continued revenue growth."

About XsunX

XsunX provides solar energy solutions that deliver significant bottom-line financial benefits to businesses. We specialize in the sale, design, and installation of commercial solar power systems. The company has developed a highly skilled team of qualified engineering and specialty contractors with extensive commercial solar experience necessary to service the diverse conditions that can be encountered in commercial buildings. We couple this superior design and delivery capability with factory direct pricing and zero down financing options to provide exceptional solar power investment opportunities for our customers.

For more information, please visit the Company's website at www.xsunx.com, or to learn more about the benefits of solar energy for your business schedule a free PV project assessment.

About Kilowatt Financial

Kilowatt Financial provides consumers with affordable financing choices for solar electricity and energy-efficient home improvements so that more people can run their homes cleanly and economically. Kilowatt Financial's credit expertise makes the financing process fast and efficient, quickly approving responsible homeowners for Kilowatt products offered nationally through a qualified contractor and installer network. For further information, please visit www.kilowattfinancial.com, or inquire at info@kilowattfinancial.com.

Safe Harbor Statement

Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information

  • Company Contact:
    Tom Djokovich
    President and CEO
    949-330-8060
    info@xsunx.com