UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q



|x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------------



For the quarterly period ended: June
30, 2012



or



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------



For the transition period from __________
to __________



Commission File Number: 333-175148



SOLAR AMERICA CORP.

(Exact Name of registrant as specified in
its charter)



|Wyoming                         | 38-3825959            
|------------------------------- | ----------------------
|(State or other Jurisdiction of | (I.R.S. Employer      
|incorporation or organization)  | Identification Number)



1135 Hodges Street

Lake Charles, LA 70601

(Address of principal executive offices)



(337) 214-0097

(Registrant’s telephone number, including
area code)





Indicate
by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act
during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. YesxNo ̈



Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files).

YesxNo ̈



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer”
in Rule 12b-2 of the Exchange Act:



| ̈ | Large Accelerated Filer |  ̈ | Accelerated Filer        
|- | ----------------------- | - | -------------------------
|  |                         |   |                          
| ̈ | Non-Accelerated Filer   | x | Smaller Reporting Company



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ̈Nox



As of August 14, 2012, there were 16,000,000 shares outstanding
of the registrant’s common stock















TABLE OF CONTENTS



|                                                                                               |     
|---------------------------------------------------------------------------------------------- | ----
|                                                                                               | Page
|PART I                                                                                         |     
|Item 1. Financial Statements.                                                                  | F-1 
|Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 1   
|Item 3. Quantitative and Qualitative Disclosures About Market Risk.                            | 3   
|Item 4. Controls and Procedures.                                                               | 3   
|                                                                                               |     
|PART II                                                                                        |     
|Item 1. Legal Proceedings.                                                                     | 4   
|Item IA. Risk Factors.                                                                         | 4   
|Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.                           | 4   
|Item 3. Defaults Upon Senior Securities.                                                       | 4   
|Item 4. Mine Safety Disclosures.                                                               | 4   
|Item 5. Other Information.                                                                     | 4   
|Item 6. Exhibits.                                                                              | 5   

















PART I

FINANCIAL INFORMATION



Item 1.  Financial Statements.



SOLAR AMERICA CORP.



INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2012



|                                                                      |    
|--------------------------------------------------------------------- | ---
|Consolidated Balance Sheets as of June 30, 2012 and December 31, 2011 | F-2
|                                                                      |    
|Consolidated Statements of Operations for the Six Months Ended        |    
|June 30, 2012 and 2011                                                | F-3
|                                                                      |    
|Consolidated Statements of Cash Flows for the Six  Months Ended       |    
|June 30, 2012 and 2011                                                | F-4
|                                                                      |    
|Notes to Consolidated Financial Statements                            | F-5



















|SOLAR AMERICA CORP.                    
|---------------------------------------
|                                       
|CONSOLIDATED BALANCE SHEETS (unaudited)
|JUNE 30, 2012 and DECEMBER 31, 2011    



|                                                                                                                                  |  | June 30, |          |   | December 31, |  
|--------------------------------------------------------------------------------------------------------------------------------- |  | -------- | -------- | - | ------------ | -
|                                                                                                                                  |  | 2012     |          |   | 2011         |  
|                                                                                                                                  |  |          |          |   |              |  
|ASSETS                                                                                                                            |  |          |          |   |              |  
|Current Assets                                                                                                                    |  |          |          |   |              |  
|Cash and cash equivalents                                                                                                         |  | $        | 63,169   |   |              | $
|Accounts receivable                                                                                                               |  |          | 636      |   |              |  
|Prepaid expenses                                                                                                                  |  |          | -        |   |              |  
|Inventory                                                                                                                         |  |          | 22,766   |   |              |  
|Total current assets                                                                                                              |  |          | 86,571   |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|Property, Plant and Equipment, net of accumulated depreciation of $ 36,920 and $29,849, respectively                              |  |          | 18,366   |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|Other Assets                                                                                                                      |  |          |          |   |              |  
|Goodwill                                                                                                                          |  |          | 62,193   |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|TOTAL ASSETS                                                                                                                      |  | $        | 167,130  |   |              | $
|                                                                                                                                  |  |          |          |   |              |  
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                             |  |          |          |   |              |  
|LIABILITIES                                                                                                                       |  |          |          |   |              |  
|Current Liabilities                                                                                                               |  |          |          |   |              |  
|Accounts Payable and accrued liabilities                                                                                          |  | $        | 121,665  |   |              | $
|Advances from third party                                                                                                         |  |          | -        |   |              |  
|Advances from officer                                                                                                             |  |          | -        |   |              |  
|Note Payable                                                                                                                      |  |          | 735,000  |   |              |  
|Total current liabilities                                                                                                         |  |          | 856,665  |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|TOTAL LIABILITIES                                                                                                                 |  |          | 856,665  |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|COMMITMENTS AND CONTINGENCIES (Note 5)                                                                                            |  |          |          |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|STOCKHOLDERS' DEFICIT                                                                                                             |  |          |          |   |              |  
|Preferred stock, par $0.001, 10,000,000 shares authorized, 0 shares                                                               |  |          |          |   |              |  
|issued and outstanding                                                                                                            |  |          | -        |   |              |  
|                                                                                                                                  |  |          |          |   |              |  
|Common stock, par $0.001, 200,000,000 shares authorized and 16,000,000 and 10,000,000 shares issued and outstanding, respectively |  |          | 16,000   |   |              |  
|Additional paid in capital                                                                                                        |  |          | 114,000  |   |              |  
|Accumulated deficit                                                                                                               |  |          | (819,535 | ) |              |  
|                                                                                                                                  |  |          |          |   |              |  
|TOTAL STOCKHOLDERS' DEFICIT                                                                                                       |  |          | (689,535 | ) |              |  
|                                                                                                                                  |  |          |          |   |              |  
|TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                       |  | $        | 167,130  |   |              | $



|The accompanying notes to the unaudited consolidated financial statements are an integral part of these statements.
|-------------------------------------------------------------------------------------------------------------------



F-2







SOLAR AMERICA CORP.



CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

FOR THE SIX MONTHS ENDED JUNE 30, 2012
and 2011

|                                                                       |  | Three Months Ended |            |   | Six Months Ended |  
|---------------------------------------------------------------------- |  | ------------------ | ---------- | - | ---------------- | -
|                                                                       |  | June 30,           |            |   | June 30,         |  
|                                                                       |  | 2012               |            |   | 2011             |  
|                                                                       |  |                    |            |   |                  |  
|REVENUE:                                                               |  |                    |            |   |                  |  
|Product revenue                                                        |  | $                  | 45,168     |   |                  | $
|Services revenue                                                       |  |                    | 11,700     |   |                  |  
|Total revenue                                                          |  |                    | 56,868     |   |                  |  
|                                                                       |  |                    |            |   |                  |  
|COST OF GOODS SOLD (exclusive of depreciation shown separately below): |  |                    |            |   |                  |  
|Cost of goods sold - product                                           |  |                    | 16,089     |   |                  |  
|Cost of goods sold - services                                          |  |                    | 5,042      |   |                  |  
|Total cost of goods sold                                               |  |                    | 21,131     |   |                  |  
|                                                                       |  |                    |            |   |                  |  
|OPERATING EXPENSES:                                                    |  |                    |            |   |                  |  
|Selling, general and administrative                                    |  |                    | 143,684    |   |                  |  
|Depreciation                                                           |  |                    | 3,536      |   |                  |  
|Total operating expenses                                               |  |                    | 168,351    |   |                  |  
|                                                                       |  |                    |            |   |                  |  
|NET OPERATING LOSS                                                     |  |                    | (111,483   | ) |                  |  
|                                                                       |  |                    |            |   |                  |  
|OTHER INCOME (EXPENSE)                                                 |  |                    | (17,421    | ) |                  |  
|                                                                       |  |                    |            |   |                  |  
|NET LOSS BEFORE INCOME TAXES                                           |  |                    | (128,904   | ) |                  |  
|                                                                       |  |                    |            |   |                  |  
|PROVISION FOR INCOME TAXES                                             |  |                    | -          |   |                  |  
|                                                                       |  |                    |            |   |                  |  
|NET LOSS                                                               |  | $                  | (128,904   | ) |                  | $
|                                                                       |  |                    |            |   |                  |  
|Net income per share, basic and diluted                                |  | $                  | 0.001      |   |                  | $
|Weighted-average common shares outstanding, basic and diluted          |  |                    | 14,087,912 |   |                  |  





The accompanying notes to the unaudited
consolidated financial statements are an integral part of these statements.





F-3







|SOLAR AMERICA CORP.                                      
|---------------------------------------------------------
|                                                         
|CONSOLIDATED STATEMENTS OF CASH FLOWS
        (Unaudited)
|FOR THE SIX MONTHS ENDED JUNE 30, 2012 and 2011          
|                                                         



|                                                                            |  | June  30, 2012 |          |   | June  30, 2011 |  
|--------------------------------------------------------------------------- |  | -------------- | -------- | - | -------------- | -
|Cash used in operating activities:                                          |  |                |          |   |                |  
|Net loss for the period                                                     |  | $              | (264,806 | ) |                | $
|                                                                            |  |                |          |   |                |  
|Adjustments to reconcile net loss to net cash used in operating activities: |  |                |          |   |                |  
|Depreciation                                                                |  |                | 7,071    |   |                |  
|Gain on disposal of vehicle                                                 |  |                | -        |   |                |  
|Changes in assets and liabilities                                           |  |                |          |   |                |  
|Accounts receivable                                                         |  |                | 1,326    |   |                |  
|Inventory                                                                   |  |                | (6,806   | ) |                |  
|Prepaid expenses                                                            |  |                | 5,500    |   |                |  
|Accounts payable and accrued expenses                                       |  |                | 47,504   |   |                |  
|Net cash used in operating activities                                       |  |                | (210,211 | ) |                |  
|                                                                            |  |                |          |   |                |  
|Cash flows from investing activities:                                       |  |                |          |   |                |  
|Cash provided on disposal of vehicle                                        |  |                | -        |   |                |  
|Net provided from investing activities                                      |  |                | -        |   |                |  
|                                                                            |  |                |          |   |                |  
|Cash flows from financing activities:                                       |  |                |          |   |                |  
|Proceeds from issuance of common stock                                      |  |                | 120,000  |   |                |  
|Borrowings on notes payable                                                 |  |                | 145,000  |   |                |  
|Repayment of Advances from Officer                                          |  |                | (10,000  | ) |                |  
|Net cash provided by financing activities                                   |  |                | 255,000  |   |                |  
|                                                                            |  |                |          |   |                |  
|Net increase in cash and cash equivalents                                   |  |                | 44,789   |   |                |  
|Cash and cash equivalents - beginning                                       |  |                | 18,380   |   |                |  
|Cash and cash equivalents - end                                             |  | $              | 63,169   |   |                | $
|                                                                            |  |                |          |   |                |  
|Supplemental disclosures:                                                   |  |                |          |   |                |  
|Cash paid for interest                                                      |  | $              | -        |   |                | $
|Cash paid for income taxes                                                  |  | $              | -        |   |                | $





The accompanying notes to the unaudited
consolidated financial statements are an integral part of these statements.







F-4









NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 – ORGANIZATION AND BASIS OF
PRESENTATION



Organization and Business



On August 12, 2010, Solar America Corp.,
a Wyoming corporation (“Solar America” or the “Company”), was formed with the intent to acquire businesses
operating in the alternative energy industry sector.  On December 16, 2010, Solar America acquired 100% of the outstanding
common stock of Solar N Stuff, Inc., a Louisiana corporation founded in 2008 (“SNS”), in exchange for $100,000, resulting
in SNS becoming a wholly owned subsidiary of Solar America.  SNS’s results of operations are consolidated with
Solar America and presented from December 16, 2010 through December 31, 2010.  SNS provides homeowners and businesses
with clean and efficient solar energy products, such as Solar Hot Water Heating, Photovoltaic Solar Electric Systems, Solatube
Daylighting, Solar Swimming Pool Heating and DC Pool pumps, and Solar Attic Ventilation through its distribution arrangement with
Solatube International, Inc. (“Solatube”).



Basis of Presentation



The Company prepares its financial statements
in accordance with accounting principles generally accepted in the United States of America. The accompanying interim unaudited financial
statements have been prepared in accordance with generally accepted accounting principles for interim financial information in
accordance with Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by
generally accepted accounting principles for complete financial statements. In the Company’s opinion, all adjustments (consisting
of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three
and six month period ended June 30, 2012 are not necessarily indicative of the results for the full years. While management of
the Company believes that the disclosures presented herein are adequate and not misleading, these interim financial statements
should be read in conjunction with the audited combined financial statements and the footnotes thereto for the periods ended December
31, 2011 filed in its registration statement on Form S-1/A.



Principles of Consolidation



The consolidated financial statements at
June 30, 2012 include the accounts of SNS, a wholly-owned subsidiary.



Use of Estimates



The preparation of financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements
and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.



Revenue Recognition



The Company evaluates its revenue recognition
in accordance with FASB ASC Topic No. 605-25, Multiple Element Arrangements. Revenue consists of solar energy installation
service fees and sales of renewable and sustainable energy products each of which is priced separately in the contracts and are
considered separate units of accounting based on the criteria in paragraph 55 of the ASC topic No. 605: (1) the customer arrangements
have multiple deliverables – the renewable and sustainable energy projects and the installation services; (2) the delivered
items have value to the customer on a stand-alone basis; (3) the delivery and the performance of the products and services are
substantially within the control of the vendor.  The Company enters into short-term negotiated fixed and variable fee
arrangements with residential third parties.  As a result, the Company recognizes revenue from our contracts when the
products are delivered and when the services are performed, which is generally at the same time. Our installations are with residential
customers and are short-term in nature based on the size of the solar energy system installation project. The Company determines
its amounts allocable to each delivered unit in accordance with its best estimate of selling price. The Company takes into account
the price at which the vendor would transact the deliverable on a standalone basis, its internal costs plus any margin. The Company
also takes into account market conditions and competitors pricing when determining how to price each of its products and services.







F-5







IncomeTaxes



The Company accounts for its income taxes
using the liability method, whereby deferred tax assets and liabilities are established for the future tax consequences of temporary
differences between the financial statement carrying amounts of assets and liabilities and their tax basis. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than
not that the Company will not realize the tax assets through future operations.



Income(Loss)perShare



Basic net income
(loss) per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the
period. Diluted net income (loss) per common share is determined using the weighted-average number of common shares outstanding
during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported the weighted-average
number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. At June 30,
2012 there were no such common stock equivalents outstanding.



Recent Accounting Pronouncements



Solar America does not expect the adoption
of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial
position or cash flow.



Reclassifications



Certain amounts presented at December 31,
2011 have been reclassified to conform to the presentation at June 30, 2012.



NOTE 2 – GOING CONCERN



At June 30, 2012, the Company had accumulated
net losses of $819,535 and a significant working capital deficit.  The Company believes that its existing capital resources
may not be adequate to enable it to execute its business plan.  These conditions raise substantial doubt as to the Company's
ability to continue as a going concern.  The Company estimates that it will require additional cash resources during
2012 based on its current operating plan and condition. The Company expects cash flows from operating activities to improve, primarily
as a result of an increase in revenue and reduction of costs, although there can be no assurance thereof.  The accompanying
consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going
concern.  If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify,
delay, or abandon some or all of our business and expansion plans.



NOTE 3 – NOTES PAYABLE



On January 10, 2012 the Company and Infinite
Funding, Inc. (“Infinite Funding”) entered into a new secured promissory note with an aggregate principal balance of
$150,000 with stated interest of 10%.  The notes payable balance together with accrued interest is due and payable on
January 9, 2013.



On April 30, 2012, the Company and Infinite
Funding entered into a new secured promissory note with an aggregate principal balance of $105,000 with a stated interest rate
of 10%. The notes payable balance together with accrued interest is due and payable on April 29, 2013.



Advances from Infinite Funding which are
eventually rolled into the note agreements were a total of $145,000 during the six months ended 2012 of which $40,000 was already
rolled into the January 10, 2012 loan agreement.





F-6









On January 26, 2011, Solar America entered
into an unsecured promissory note with Infinite Funding for $30,000 with stated interest of 10%. The note together with accrued
interest was originally due and payable on January 25, 2012. On January 15, 2012, the note was amended by the parties to grant
a security interest to the holder in all assets, tangible and intangible in exchange for the extension of the due date to July
25, 2012. On July 25, 2012 the note was further amended to grant an extension of the due date to December 25, 2012.



On April 21, 2011, Solar America entered
into an unsecured promissory note with Infinite Funding for $100,000 with stated interest of 10%. The note together with accrued
interest was originally due and payable on April 21, 2012. On April 15, 2012, the note was amended by the parties to grant a security
interest to the holder in all assets, tangible and intangible in exchange for the extension of the due date to October 15, 2012.



On June 28, 2011, Solar America entered
into an unsecured promissory note with Infinite Funding for $150,000 with stated interest of 10%. The note together with accrued
interest was originally due and payable on June 27, 2012. On June 25, 2012, the note was amended by the parties to grant a security
interest to the holder in all assets, tangible and intangible in exchange for the extension of the due date to June 27, 2013.



NOTE 4 – RELATED PARTY TRANSACTIONS



On December 30, 2011, $10,000 was advanced
directly to SNS by the Chief Executive Officer for working capital purposes and was repaid by SNS on January 16, 2012.



NOTE 5 – COMMITMENTS AND CONTINGENCIES



Premier Dealer Agreement



On January 1, 2011, the Company entered
into a three-year non-exclusive dealer agreement with Solatube to distribute certain products for the following territories:  The
Parishes of Ascension, Assumption, East Baton Rouge, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, St. Bernard,
St. Charles, St. James, St John the Baptist, St. Tammany, Tangipahoa, Terrebonne, and West Baton Rouge, within the State of Louisiana.  Under
the terms of the dealer agreement, there are minimum purchase requirements of the following:



| | · | $216,675 from January 1, 2011 to December 31, 2011;
| | - | ---------------------------------------------------



| | · | $270,843 from January 1, 2012 to December 31, 2012; and
| | - | -------------------------------------------------------



| | · | $338,555 from January 1, 2013 to December 31, 2013.
| | - | ---------------------------------------------------



As of June 30, 2012, the Company has made
$33,010 in purchases under this agreement. The Company failed to meet its minimum purchase requirements under the Solatube dealer
agreement for the year ended December 31, 2011.  Under the terms of the agreement, Solatube may, at its discretion, decrease
the discount applied to the Company’s purchases or give the Company notice of default and eventually move to cancel the agreement.
Per the Company’s recent communications with Solatube, there are no monetary penalties to the Company for failing to meet
the minimum purchase requirement and Solatube has never canceled an agreement for failure to meet the minimum purchase requirement
and has not indicated an intention to do so.



NOTE 6 – STOCKHOLDERS’ EQUITY



During the six months ended June 30, 2012,
the Company sold six million shares of its common stock pursuant to a registration statement filed with the Securities and Exchange
Commission on Form S-1 that became effective on March 29, 2012. The total proceeds raised in the offering were $120,000 and the
offering price per share was $0.02. As of the date of this filing the offering is closed. The company intends to use the proceeds
from the offering as described in its prospectus filed with the SEC.





F-7







Item 2.  Management’s
Discussion and Analysis of Financial Condition and Results of Operations.



Forward Looking Statements





This quarterly report on Form 10-Q and
other reports filed by the Company from time to time with the SEC contain or may contain forward-looking statements (collectively
the “Filings”) and information that are based upon beliefs of, and information currently available to, the Company’s
management as well as estimates and assumptions made by Company’s management.  Readers are cautioned not to place
undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.  When
used in the Filings, the words “anticipate”, “believe”, “estimate”, “expect”, “future”,
“intend”, “plan”, or the negative of these terms and similar expressions as they relate to the Company
or the Company’s management identify forward-looking statements.  Such statements reflect the current view of the
Company with respect to future events and are subject to risks, uncertainties, assumptions, and other factors, including the risks
contained in the “Risk Factors” section of the Company’s Registration Statement on Form S-1/A for the year ended
December 31, 2011 filed with the Securities and Exchange Commission on March 20, 2012 (the “Registration Statement”)
and declared effective on March 29, 2012, relating to the Company’s industry, the Company’s operations and results
of operations, and any businesses that the Company may acquire.  Should one or more of these risks or uncertainties materialize,
or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed,
estimated, expected, intended, or planned.



Although the Company believes that the
expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of
activity, performance, or achievements.  Except as required by applicable law, including the securities laws of the United
States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.



Our financial statements are prepared in
accordance with accounting principles generally accepted in the United States (“GAAP”).  These accounting
principles require us to make certain estimates, judgments and assumptions.  We believe that the estimates, judgments
and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments
and assumptions are made.  These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities
as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented.  Our
financial statements would be affected to the extent there are material differences between these estimates and actual results.  In
many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s
judgment in its application.  There are also areas in which management’s judgment in selecting any available alternative
would not produce a materially different result.  The following discussion should be read in conjunction with our financial
statements and notes thereto appearing elsewhere in this report.



Company Overview



Solar America Corp. was incorporated in
the state of Wyoming on August 12, 2010, as Glacier Point Corp. (“GPC”). From the date of inception to December 5,
2010, GPC was a non-operating company with no shareholders. On December 5, 2010, our Chairman and Chief Executive Officer, Brian
Barrilleaux, acquired GCP from the incorporator.  On December 6, 2010, Mr. Barrilleaux filed an amendment with the State
of Wyoming to change the name of GPC to Solar America Corp. (“Solar America” or the “Company”). On December
16, 2010, the Company entered into an Agreement for Sale and Purchase of Business (the “Acquisition”) with the shareholder
of Solar N’ Stuff, Inc. (“SNS”), a corporation organized under the laws of the State of Louisiana, whereby the
Company acquired 100% of the issued and outstanding shares of SNS in exchange for consideration in the aggregate amount of $100,000.  As
a result of the Acquisition, the business of SNS, which is more fully described below, became our principal business. Prior to
December 5, 2010, Mr. Barrilleaux had no connection to the Company or SNS.



SNS, our wholly owned subsidiary, is a
Louisiana-based alternative energy solution integrator.  Since its incorporation in 2008, SNS has been a premier reseller
of Solatube, Inc.’s products and services.  Subsequent to the acquisition of SNS in December 2010, SNS has continued
to provide solar-daylighting and solar attic fans, while simultaneously expanding its product offerings to include solar hot water
systems and solar power systems from suppliers other than Solatube.  SNS currently has two full time employees responsible
for sales and back office support.  In addition, SNS has three part time independent contracted installers and a network
of construction tradesmen for specialized installation assistance.











SNS leases a storefront in Covington, Louisiana
to utilize as both a warehouse and a showroom.  SNS has installed demonstration systems in its showroom highlighting
the products and services it offers to both residential and commercial customers.  A complete description of the product
and service offerings by SAC and SNS can be found in the section titled “Principal Products and Services.”



Through SNS, we are focused on the continued
deployment of residential, commercial and governmental alternative energy systems.  We offer alternative energy solutions
for owners, builders and architecture firms that include designing, building, operating, monitoring and maintaining these systems.  Our
current market focus is on residential consumers interested in retrofitting existing residences to reduce monthly energy expenditures
as well as developers looking to incorporate these advanced technologies into new construction.  We provide our customers
with a high quality, low cost and flexible alternative energy solution.



We will continue our development as an
end-to-end alternative energy solution provider by providing an integrated package, which includes pre and post-sales support,
customer technical support, system design and installation.  We believe the business model for SNS will become the basis
for expansion of our offerings into additional geographic areas.  Once our product and service offerings are tested in
our current market we anticipate expanding, both through organic growth and select acquisitions.



The alternative energy industry is highly
competitive and always changing.  As the popularity of alternative energy solutions, including solar power, solar lighting
and solar thermal systems continues to grow there is growth potential; however, there are growing numbers of competitors offering
similar products and services to those that we offer.  The barriers to entry into the market are generally low, and a
determined competitor would be able to drive down the profit margin sufficiently to make it extremely difficult for us to be profitable.



The sale and installation of third party
solar products is currently our core business. To date, all of our revenues have been generated by our SNS subsidiary, primarily
through the sale and installation of solar daylight and attic fan systems. The acquisition of SNS and our initial operations have
been funded through a series of promissory notes (as described in the footnotes to the financial statements filed as part of this
prospectus).  Accordingly, our independent registered public accountant has issued a comment regarding our ability to
continue as a going concern.  Until such time that we are able to establish profits from our operations sufficient to
sustain our operations, planned growth and marketing strategy, management intends to rely primarily upon debt financing as needed
to supplement the cash flows generated by SNS.



We have incurred a net operating loss for
each period since the Company’s inception.  For the period from August 12, 2010 (Inception) to June 30, 2012, the
Company had a net loss of $819,535.





Results of Operations for
the Three Months Ended June 30, 2012 and 2011



For the three months ended June 30,
2012 as compared to the three months ended June 30, 2011, total revenues were $56,868 and $60,773, respectively; and net loss
was $128,904 and $127,646, respectively. Revenue remained relatively flat as we are continuing to shift more of our focus to
sales and marketing. Gross Profit percentage grew to 63% from 28% due to controlled
installer expense incurred for each product and increased prices used for sales of certain attic fans. The net losses were
attributable to operating expenses primarily associated with filing the Registration Statement process.  Interest
expense for the three months ended June 30, 2012 as compared to the three months ended June 30, 2011 was $17,421 and $7,974.
The increase is due to the increase in borrowings from Infinite Funding.















Results of Operations for
the Six Months Ended June 30, 2012 and 2011



For the six months ended June 30,
2012 as compared to the six months ended June 30, 2011, total revenues were $72,343 and 76,675, respectively; and net losses
were $264,806 and 263,269, respectively. Revenue stayed consistent as we are continuing to shift our focus to sales and
marketing from the process of preparing for the Registration Statement. The net losses were attributable to operating
expenses primarily associated with filing the Registration Statement process.  Interest expense for the six months
ended June 30, 2012 as compared to the six months ended June 30, 2011 was $32,585 and 13,539, respectively. The increase is
due to the increase in borrowings from Infinite Funding.



Liquidity and Capital Resources



At June 30, 2012, we had cash or cash equivalents
of $63,169 and had a working capital deficit of $770,094.  At June 30, 2012 our other assets consisted of accounts receivable
of $636 and inventory of $20,766.



Our
net cash used in operating activities for the six months ended June 30, 2012 was $210,211 and was primarily the result of our net
loss of $264,806 offset in part by an increase in accounts payable and accrued liabilities. Our net cash used in operating activities
for the six months ended June 30, 2011 was $249,133 and was primarily the result of our net loss of $263,269 offset by a change
in our receivables of $19,786. General and Administrative professional fees associated with the Registration Statement accounted
for $110,907 during the six months ended June 30, 2011 as compared to $11,000 during the six months ended June 30, 2012. Our cash
provided by financing activities for the six months ended June 30, 2012 was $265,000 and consisted of proceeds from borrowings
on a notes payable of $145,000 with Infinite Funding and offset by repayment of $10,000 temporary loan and already includes the
balance of a January 2012 advance as
well as cash received from the sale of 6,000,000 shares of our common stock for proceeds of $120,000. There was no cash used for
investing activities for the three months ended June 30, 2012.



Premier Dealer Agreement



On January 1, 2011, we entered into a three-year
non-exclusive dealer agreement with Solatube to distribute certain products for the following territories: The Parishes of Ascension,
Assumption, East Baton Rouge, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, St. Bernard, St. Charles, St.
James, St John the Baptist, St. Tammany, Tangipahoa, Terrebonne, West Baton Rouge, within the State of Louisiana.  Under
the terms of the dealer agreement, there are minimum purchase requirements of the following:



| | · | $216,675 from January 1, 2011 to December 31, 2011;
| | - | ---------------------------------------------------



| | · | $270,843 from January 1, 2012 to December 31, 2012; and
| | - | -------------------------------------------------------



| | · | $338,555 from January 1, 2013 to December 31, 2013.
| | - | ---------------------------------------------------



We failed to meet minimum purchase requirements
under the Solatube dealer agreement for the year ended December 31, 2011. As of June 30, 2012, the Company has purchased $33,010
under is commitment. Under the terms of the agreement, Solatube may, at its discretion, decrease the discount applied to the Company’s
purchases or give the Company notice of default and eventually move to cancel the agreement. Per the Company’s recent communications
with Solatube, there are no monetary penalties to the Company for failing to meet the minimum purchase requirement and Solatube
has never canceled an agreement for failure to meet the minimum purchase requirement and has not indicated an intention to do so.



We anticipate installations of Solatube
products will increase as the Company’s markets mature, thereby ensuring that the Company satisfies the requirements of the
Solatube dealer agreement.



As of June 30, 2012, respectively, our
financial statements have been prepared assuming the Company will continue as a going concern. We have not earned sufficient revenues
from its operations to break even, has a working capital deficit, and an accumulated deficit of $819,535 since inception.



We will require additional financing to continue operations, either from existing shareholders or new
shareholders through equity financing.  These factors raise substantial doubt regarding the Company’s ability to
continue as a going concern.  The financial statements do not include any adjustments to the recoverability and classification
of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as
a going concern













Critical Accounting Policies



Our financial statements and accompanying
notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis.  The
preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.



We regularly evaluate the accounting policies
and estimates that we use to prepare our financial statements.  A complete summary of these policies is included in Note
1 of our audited financial statements for the year ended December 31, 2011 contained in the Registration Statement.



Off Balance Sheet Arrangements



As of June 3, 2012, the Company had no
off-balance sheet arrangements.



Item 3. Quantitative and Qualitative Disclosures About Market
Risk.



We do not hold any derivative instruments
and do not engage in any hedging activities.



Item 4. Controls and Procedures.



(a) Evaluation of Disclosure Controls and
Procedures.



Pursuant to Rule 13a-15(b) under the Exchange
Act, the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s
Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), of the effectiveness of the
Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the
period covered by this report. Based upon that evaluation, the Company’s PEO and PFO concluded that the Company’s disclosure
controls and procedures were effective to ensure that information required to be disclosed by the Company in the reports that the
Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified
in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management,
including the Company’s PEO and PFO, as appropriate, to allow timely decisions regarding required disclosure.



(b) Changes in Internal Control over Financial
Reporting.



There were no changes in our internal control
over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, during our most recently completed
fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial
reporting.













PART II - OTHER INFORMATION



Item 1. Legal Proceedings.



We are currently not involved in any litigation
that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit,
proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body
pending or, to the knowledge of the executive officers of our Company or any of our subsidiaries, threatened against or affecting
our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in
their capacities as such, in which an adverse decision could have a material adverse effect.



Item 1A.  Risk Factors.



We believe there are no changes that constitute
material changes from the risk factors previously disclosed in our Registration Statement on Form S-1/A, filed with the SEC on
March 20, 2012 and declared effective on March 29, 2012.



Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds.



There were no unregistered sales of equity
securities during the quarter ended June 30, 2012.



Item 3. Defaults upon Senior Securities.



There were no defaults upon senior securities
during the quarter ended June 30, 2012.



Item 4. Mine Safety Disclosures



Not Applicable.



Item 5. Other Information.



There is no other information required
to be disclosed under this item which was not previously disclosed.



Item 6. Exhibits.



|     |                                                                           
|---- | --------------------------------------------------------------------------
|31.1 | Certification pursuant to Rule 13a-14(a)/15d-14(a) *                      
|     |                                                                           
|31.2 | Certification pursuant to Rule 13a-14(a)/15d-14(a) *                      
|     |                                                                           
|32.1 | Certification pursuant to Section 1350 of the Sarbanes-Oxley Act of 2002 *
|     |                                                                           
|101  | Interactive data files pursuant to Rule 405 of Regulation S-T. *          

(*) Filed herewith.

















SIGNATURES



Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



|                      |                     |                                                                                             | 
|--------------------- | ------------------- | ------------------------------------------------------------------------------------------- | 
|                      | SOLAR AMERICA CORP. |                                                                                            
|                      |                     |                                                                                             | 
|Date: August 14, 2012 | By:                 | /s/  Brian Barrilleaux                                                                      | 
|                      |                     | Brian Barrilleaux                                                                           | 
|                      |                     | Chief Executive Officer, Chief Financial Officer, President and Chairman                    | 
|                      |                     | (Principal Executive Officer, Principal Accounting Officer and Principal Financial Officer) |