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Solar panels become a mandated standard option for all new California homebuyers.

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M2 PRESSWIRE-31 August 2006-SmallCapStockAlert.com: Solar panels become a mandated standard option for all new California homebuyers(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:01092006

Stocks To Watch: Solar EnerTech Corp. (OTCBB: SOEN), AmeriResource Technologies, Inc (OTCBB: AMRE), Peabody Energy Corp (NYSE: BTU), Fording Canadian Coal Trust (NYSE: FDG), PetroChina Co. Ltd (NYSE: PTR)

FEATURED STOCK: Solar EnerTech Corp.

Ticker Symbol SOEN: Current Price (1.51) http://www.solarenertech.com

Solar EnerTech Corp. Acclaims Passing of California Million Solar Roofs Bill SB1 Monday August 28, 9:00 am ET MENLO PARK, CA----Aug 28, 2006 -- Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (the Company) will celebrate this week with the news that California's Million Solar Roofs bill, SB1 authored by Senator Kevin Murray, has finally passed on the Senate Floor by a vote of 36 to 4, and that the solar industry has at last gained bipartisan support for the nation's largest and most comprehensive solar program in the United States.

The bill was signed into law by Governor Schwarzenegger at a ceremony held at the new solar powered CalTrans building in downtown Los Angeles last week.

Throughout the past months after the original Million Solar Roofs bill was defeated by legislature, Solar EnerTech Corp., a California-based company, kept busy building its solar cell production plant in Shanghai, with the firm belief that the bill, or a similar act would someday become law and that the Company would become a supplier for the million solar roofs in its home state.

That day finally came last Tuesday. The new legislation dovetails with the existing Solar Initiative program established by the California Public Utilities Commission in January and moves the State rapidly towards the goal of building a million solar roofs within the next ten years. The primary components of the bill allow for increasing the cap on net metering thereby allowing solar customers to get credits on their electric bill for excess power generated by their personal solar system. SB1 increases the cap from 0.5% of a utility's total load to 2.5% enabling approximately 500,000 new solar system owners access to the net metering program....

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