Solar Energy for Homes in California

SIEMENS SOLAR'S FIRST RESIDENTIAL earthsafe™ SOLAR ELECTRIC SYSTEM INSTALLED IN LA BY GO SOLAR® COMPANY

INSTALLATION FIRST TO QUALIFY FOR BUY-DOWN INCENTIVE PROGRAM

CAMARILLO, CA, MARCH 29, 2001 -- Siemens Solar Industries L.P. announced that its first earthsafe™ solar energy system has been installed in Los Angeles by GO Solar® Company for a San Fernando Valley home. The installation was the first home in Los Angeles to qualify for the LA Department of Water and Power’s (LA DWP) $5.00 per watt, solar energy buy-down incentive program. Qualified LA DWP customers are able to receive a rebate, substantially reducing the cost of the earthsafe solar electric system system.

Graham Owen, owner of GO Solar Company states, "Now that the earthsafe system has been installed, the homeowner is saving about 40% of the home’s power usage. " Owen added, "The processing of the permit took about 15 minutes and the installation was done in a day – it was a very smooth and easy process. " The earthsafe system is the only complete UL listed grid-tied solar system available in the world – to assure quality and safety, second to none.

"Our earthsafe systems were developed with ease-of-installation in mind – from permitting through installation," stated Chet Farris, COO Siemens Solar Industries. "And now with offered rebates, it simply makes economic sense. Environmentally speaking, the homeowner is reducing dependence on fossil fuels and demands on the grid."

About GO Solar Company

GO Solar Company, in business since 1986, has been keeping up with the most recent leading edge solar energy technologies. GO Solar, a licensed California solar energy contracting company, works closely with manufacturers to help develop and integrate the latest systems. GO Solar is also committed to helping consumers learn about solar energy and its various applications. Information is kept current on their website at www.solarexpert.com. GO Solar proudly installs Siemens earthsafe systems in Los Angeles, keeping up with their philosophy of "only installing the best, and most cost effective systems".

About Siemens Solar

Siemens Solar Industries L.P, headquartered in Camarillo, Calif., is a member of the Siemens Solar Group, the world’s leading manufacturer of photovoltaic cells and modules. SSI, an award-winning developer of photovoltaic technology, is one of the largest suppliers of solar panels in the U.S.

Siemens AG, based in Berlin and Munich, is a leading global electronics and engineering company employing over 447,000 people in 193 countries, with sales of approximately $74 billion worldwide in fiscal 2000 (10/1/99 – 9/30/00).

The U.S. is the single largest market for Siemens globally. In the U.S. Siemens employs over 73,000 people and achieved sales of more than $16 billion in fiscal 2000. Siemens’ U.S. businesses are leaders in the information and communication, healthcare, energy, industry, financial services, transportation, and lighting sectors.