AstroPower, Home Depot Expand PV Program

AstroPower, Inc. and The Home Depot have expanded the sales of AstroPower’s residential solar electric power systems into select Home Depot stores in Delaware, New Jersey and New York. This is the initial East Coast expansion of the companies’ solar power program, which was established in three San Diego, California stores in Sept. 2001.

Newark, Delaware – August 7, 2002 [] AstroPower’s SunUPS and SunLine Solar Electric Home Power Systems will now be featured in Home Depot stores throughout Long Island, N.Y., five stores in southern New Jersey and four in Delaware. This expansion brings the total number of Home Depot locations that carry AstroPower’s solar electric home power systems to 61. These include 18 stores in greater San Diego as well as 16 in the Los Angeles metropolitan area. Through kiosk displays at each of these stores, customers learn how easy it is to generate their own clean electricity with AstroPower solar electric home power systems. The systems are being sold and installed under The Home Depot’s At-Home Services initiative, a full-service program providing product sales, installation and service. The Home Depot also extends two convenient financing options to its customers through the At-Home Services program -the Home Depot Consumer Credit Card and the Home Depot Home Improvement Loan. Both options provide customers an easy application process, same-day purchase power, and competitive interest rates. “Expansion of this program reinforces the commitment The Home Depot has made to bring the most environmentally friendly energy solutions to its customers,” said Howard Wenger, AstroPower’s Vice President, North American Business. “A combination of early success in San Diego and heightened consumer interest in our products on the East Coast has prompted us to move quickly forward with the expansion. Together, we’re bringing a terrific solution to consumers concerned about rising utility costs and electricity reliability.” AstroPower’s SunUPS and SunLine Solar Electric Home Power Systems are complete packaged systems that enable homeowners to produce their own clean electricity. Installed by AstroPower’s fully trained and licensed installer network, these systems produce electricity without any fuel, moving parts, noise, or emissions. Both the SunUPS and SunLine systems generate solar electric power and deliver it through a home’s existing circuits. As the systems operate in conjunction with the utility grid, electricity not used in the home is sent back to the electrical grid, spinning the utility meter backward and generating a credit on the homeowner’s utility bill. AstroPower’s SunUPS systems include batteries to provide uninterrupted power 24 hours a day even during utility outages. (NASDAQ: APWR)
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