Renewable Energy and Power Delivers First Fully Reimbursed Lighting Contract Under PG&E Rebate Program

$35,000 in LED lights delivered at no cost to California auto retailer

Las Vegas, NV, Nov. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Renewable Energy and Power, Inc., (REAP) (OTC: RBNW), an LED lighting solutions company, today announced its first fully reimbursed lighting contract under the Pacific Gas & Electric (PG&E) Trade Professional Alliance which provides energy saving incentives for approved contractors and service providers.

The Company expects the qualification as a trade partner under the program to enhance the competitiveness of its power and cost-saving solutions and increase business from retail and industrial customers in California.

As a member of PG&E’s Trade Alliance Program, REAP now is able to provide LED lighting upgrades for both commercial and residential customers throughout Northern California by partnering with PG&E through their rebate area representatives:

Mendocino/Lake County Energy Watch LGP: Mendocino/Lake County (MLEW)

Sustainable Napa County LGP: Napa County (NCEW)

Sonoma County Energy Watch LGP: Sonoma County (SCEW)

Solano County Energy Watch LGP: Solano County (SEW)

REAP plans to participate in a variety of other types of incentive rebate programs including On-Bill Financing which provides customers LED lighting upgrades with costs applied to their energy bill over time, after which the energy savings are reflected in lower billing.

The Company also recently provided the Las Vegas outlet of a national commercial customer new exterior and interior LED lighting at a reduced cost through NVEnergy’s incentive rebate program.

“We believe our growing expertise in the many rebate programs offered throughout the country is attractive to the large base of customers seeking to upgrade to LED for improved lighting and substantially reduced energy costs,” commented CEO Donald MacIntyre. “These programs benefit our business, the customer's profitability and make an impact environmentally.”

About Renewable Energy and Power

REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power and LED lighting. Federal and state legislation in the United States provide for tax incentives that drive businesses and consumers to replace older technologies with new solar and LED alternatives of the types offered by REAP.

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