EVSO: New Report Says Tax Policies Could Create 10 Gigawatts of Solar by 2016

Evolution Solar (PinkSheets:EVSO) applauded the content of a new study released Wednesday by The Solar Energy Industries Association (SEIA). The study projected the positive economic impact of the Department of Treasury Grant Program (TGP) and the Manufacturing Investment Tax Credit (MITC). The study found that extending the TGP and MITC by two years would add 200,000 new domestic jobs to the solar workforce and supporting industries in the United States. Additionally, it would result in 10 gigawatts (MW) of new solar installations by 2016, enough to power 2 million homes.

Established in 1974, the Solar Energy Industries Association is the national trade association of the solar energy industry. SEIA works with its 1,000 members to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy.

"We encourage the federal government’s continued policies that would benefit the solar industry and the US workforce outlook," stated Robert Hines, President of Evolution Solar.

Evolution Solar is currently building a solar demonstration site in partnership with Texas Southern University, to be located at the University’s Houston Campus. The project should help Evolution Solar acquire new projects in a sector that is growing to compete in the energy industry, which includes Devon Energy Corporation (NYSE:DVN), EOG Resources Inc. (NYSE:EOG), Trina Solar (NYSE:TSL) and Massey Energy (NYSE:MEE).

About Evolution Solar Corporation

Evolution Solar Corporation, (EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities.

For more information, visit http://www.evolutionsolar.com

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