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Rona Fried, Ph.D., is editor of Progressive Investor and CEO of Known for her wide-ranging, deep knowledge of sustainable business, she speaks and writes on topics related to green business, green jobs and green investing. She writes the "Investing in Clean Energy"... More
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  • Akeena Solar to Provide Installation Services for Lowe's 0 comments
    Mar 18, 2010 10:52 AM | about stocks: WEST, LOW

    Akeena Solar (Nasdaq:AKNS) will provide residential installation services for Lowe's (NYSE: LOW) customers in 21 California stores. The announcement comes just a few months after Andalay AC solar panels first hit the shelves as part of Lowe's Energy Center, making them the first grid-connected solar power systems to be sold by a major retailer.

    Barry Cinnamon, CEO of Akeena Solar said homeowners now have the option to install a few panels on their own or use Akeena's installation services available through Lowe's.

    By using built-in inverters, Akeena says Andalay AC panels produce up to 25% more energy compared to ordinary DC solar panels. Additionally, the Andalay AC panels' modular design allows homeowners to start small. They can purchase a few panels at Lowe's to install now and can easily add on later, unlike DC systems that require a complete redesign when adding panels.

    Akeena's Andalay AC panels integrate racking, wiring, grounding and inverters into a single product.

    Lowe's launched Energy Centers in 21 California stores in December that are meant to be a one-stop destination for energy- and money-saving home improvements. Lowe's said the Energy Centers will be in additional U.S. and Canadian stores this year.


    Disclosure: no positions
    Stocks: WEST, LOW
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