Akeena Solar Inc. Registration Statement Declared Effective by Securities and Exchange Commission

Business Wire, Dec 12, 2006

LOS GATOS, Calif. -- Akeena Solar, Inc. (OTCBB: AKNS), a leading designer and installer of solar power systems, today announced that it has received notice from the Securities and Exchange Commission that the company's recently filed Form SB-2 Registration Statement has been declared effective.

As previously disclosed by the company, Akeena Solar completed a $3,217,500 Private Investment in a Public Entity (PIPE) financing on September 7, 2006, which included provisions to register the PIPE shares for resale. This effective registration statement covers the resale by selling stockholders of 3,217,500 common shares issued and 61,500 common shares underlying warrants issued by the company' in the PIPE financing.

This notice is provided for information purposes only, and does not represent a solicitation or offer to buy or sell any security. Any offer will be made by means of a current prospectus only. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at www.akeena.net.

Safe Harbor

Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.