While the move to Gulfport places the corporate office closer in proximity to the companys Solar N Stuff retail operation in Covington, Louisiana, the principal driver of the relocation was to take advantage of forthcoming state tax credits for solar installations that could be as high as 50%, instantly making Mississippi one of the most affordable states in the country to install both residential and commercial solar energy systems.
Were excited about the opportunity to be one of the first solar companies on the ground in Mississippi, stated Robert Bludorn, Chairman and CEO. The combination of our cutting edge solar technologies with our advantage of being headquartered in Mississippi will provide a unique opportunity to be a major player in Mississippis evolving solar market. We are very excited about the opportunity to showcase our solar products, including the Solar Power Station, to the residents and businesses of Missisippi.
The Solar Power Station, which is designed to work with existing products from major solar industry players including SunPower Corp. (NASDAQ: SPWR), LDK Solar Co., Ltd. (NYSE: LDK) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) is intended to bring a new level of solar product integration previously unavailable to the average homeowner or small business owner.