GoSolarUSA Works to Secure 2010 Stimulus Earmarks

NEW ORLEANS--(EON: Enhanced Online News)--GoSolarUSA Inc. (PinkSheets: GSLO) is making plans to secure its share of 2010 stimulus funding before the window of opportunity closes.

“Invent it here, Build it here and Sell it to the World!”

Enacted in February 2009, the American Recovery and Reinvestment Act created a renewable energy grant program administered by the U.S. Treasury Department that GoSolarUSA anticipates to benefit from. The act states that qualifying solar projects commencing in 2010 can receive a 30-percent tax credit on solar property or a 30-percent upfront cash grant in lieu of the tax credit. Eligible solar-energy property includes equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat.

“We are very excited about preparing applications for federal and state grants funding solar energy projects,” said Tyson Rohde, President of GoSolarUSA. “Our recently acquired technologies could benefit tremendously from such funding.”

According to the Recovery and Reinvestment Act, the Treasury Department will administer the grant program and is required to pay out each grant within 60 days of the receipt of each approved application [Section 1603]. Almost all photovoltaic applications should be eligible, and grant funding is not subject to federal taxes [Section 1104]. The new law also allows taxpayers eligible for the renewable electricity production tax credit (PTC) to receive a grant from the Treasury Department instead of taking the PTC for new installations.

The earmarks are available for applicants that qualify before the end of the year.

GoSolarUSA aggressively acquires, develops and markets the most promising and potentially profitable American technology possible, making the company a natural fit for federal stimulus incentives. The grants and tax credits described in the Recovery and Reinvestment Act can help GoSolarUSA to successfully compete in a global marketplace, which includes Trina Solar (NYSE: TSL), JA Solar (NASDAQ: JASO) and First Solar Inc. (NASDAQ: FSLR).

For more information on the company, visit www.GoSolarUSA.com.

About GoSolarUSA, Inc. (OTC: GSLO)

GoSolarUSA identifies and develops new solar energy technologies in the United Sates. Our motto is “Invent it here, Build it here and Sell it to the World!” While green technologies like wind and solar manufacture their products in China and Europe and import them to the U.S., we are focused on developing and manufacturing our products in the United States. We believe this not only creates high-quality jobs in America, but it insures the quality and availability of our products. GSLO is endeavoring to advance clean American solar technology to compete in an energy industry that includes stalwarts such as BP (NYSE: BP). GoSolarUSA is a US registered and reporting OTCQB market tier company.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “should,” "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.