----

----

| (Mark      one) |
|-----------------|
|            |   |
| x               | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|            |   |
|            | For      the fiscal year ended December 31, 2008 |
|            |   |
| or              |
|            |   |
| o               | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES      EXCHANGE ACT      OF 1934 |
|            |   |
|            | For      the transition period from _____________ to _____________  |

| Delaware                                                                | 90-0181035                                    |
|-------------------------------------------------------------------------|-----------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) | (I.R.S.      EmployerIdentification      No.) |
|                                                                    |                                          |
| 16005      Los Gatos Boulevard                                          |                                          |
| Los      Gatos, California                                              | 95032                                         |
| (Address      of principal executive offices)                           | (Zip      Code)                               |

|                                          |                                             |
|-----------------------------------------------|--------------------------------------------------|
| Common      Stock, par value $0.001 per share | The      NASDAQ Stock Market LLC                 |
| (Title of each class)                    | (Name      of each exchange on which registered) |
|                                          |                                             |

| Large      accelerated filer  o          | Accelerated      filer  x         |
|----------------------------------------------------|---------------------------------------------|
| Non-accelerated      filer  o            | Smaller      reporting company  o |
| (Do      not check if a smaller reporting company) |                                        |

----

----

|               |                                                                                                     |   | Page      No. |
|--------------------|----------------------------------------------------------------------------------------------------------|--------|---------------|
| PART      III      |                                                                                                     |   |          |
|               |                                                                                                     |   |          |
| Item      10       | Directors,      Executive Officers and Corporate Governance                                              |   | 4             |
| Item      11       | Executive      Compensation                                                                              |   | 7             |
| Item      12       | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters |   | 16            |
| Item      13       | Certain      Relationships and Related Transactions, and Director      Independence                      |   | 17            |
| Item      14       | Principal      Accounting Fees and Services                                                              |   | 17            |
|               |                                                                                                     |   |          |
| Part      IV       |                                                                                                     |   |          |
| Item      15       | Exhibits,      Financial Statement Schedules                                                             |   | 19            |
|               |                                                                                                     |   |
| SIGNATURES         |                                                                                                     | 20     |
|               |                                                                                                     |   |
| Exhibit      Index |                                                                                                     | 21     |

----

----

| Name                |   | Age    |   | Position                                                        |
|---------------------|--------|--------|--------|-----------------------------------------------------------------|
| Barry      Cinnamon |   | 51     |   | President,      Chief Executive Officer, Secretary and Director |
|                |   |   |   |                                                            |
| Gary      Effren    |   | 53     |   | Chief      Financial Officer and Treasurer                      |
|                |   |   |   |                                                            |
| Jeff      Kiel      |   | 50     |   | Executive      Vice President Sales and Marketing               |
|                |   |   |   |                                                            |
| Edward      Roffman |   | 59     |   | Director                                                        |
|                |   |   |   |                                                            |
| Jon      Witkin     |   | 55     |   | Director                                                        |

----

----

----

|   |          |                                                                                   |
|--------|---------------|----------------------------------------------------------------------------------------|
|   | •  | Barry      Cinnamon — President, Chief Executive Officer and      Secretary |
|   |          |                                                                                   |
|   | •  | Gary      Effren —Chief Financial Officer and Treasurer                     |
|   |          |                                                                                   |
|   | •  | Steve      Daniel — Executive Vice President, Sales and  Marketing          |
|   |          |                                                                                   |
|   | •  | James      Curran — Chief Operating Officer                                      |

| I.   | Overview      of Our Compensation Programs |
|----------------|--------------------------------------------|

|   |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | •  | Compensation Should Align with Stockholders’      Interests — The Compensation Committee believes that      executives’ interests should be aligned with those of the stockholders.      Executives are granted restricted stock and stock options so that their      total compensation is tied directly to the same value realized by our      stockholders. Executive bonuses are tied directly to the value that the      Company gains from an executive’s contribution to the Company’s success as      a whole. |

----

|   | •  | Compensation is      Competitive — The Compensation Committee seeks to provide a      total compensation package that attracts, motivates and retains the      executive talent that the Company needs in order to maximize its return to      stockholders. To accomplish this objective, executive compensation is      reviewed annually to ensure that compensation levels are competitive and      reasonable given the Company’s level of performance and other comparable      companies with which the Company competes for  talent. |
|--------|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •  | Compensation Motivates and      Rewards the Achievement of Goals — The Company’s executive      compensation programs are designed to appropriately reward both individual      and collective performance that meets and exceeds annual, long-term and      strategic goals of the Company. To accomplish this objective, a      substantial percentage of total compensation is variable, “at risk”, both      through annual incentive compensation and the granting of long-term      incentive awards. |
|--------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | •  | Reviewing      and approving on an annual basis the corporate goals and objectives with      respect to the compensation of the Chief Executive Officer and other Named      Executive Officers;                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | •  | Evaluating      the Chief Executive Officer’s and other Named Executive Officer’s      performance at least annually in light of those goals and objectives, and      based upon these evaluations reviewing on an annual basis those officers’      annual compensations, including (i) annual base salary level,      (ii) annual incentive compensation, (iii) long-term incentive      compensation, (iv) employment, severance and change-in-control      agreements, if any, and (v) any other compensation, ongoing      perquisites or special benefit items;  |
|   | •       | Developing      and periodically assessing the Compensation Committee’s compensation      policies applicable to the Company’s Chief Executive Officer and other      Named Executive Officers and directors, including the relationship of      corporate performance to executive compensation.                                                                                                                                                                                                                                                                                                          |
|   |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | •       | Periodically      reviewing and advising the Board concerning both regional and      industry-wide compensation practices and trends in order to assess the      adequacy and competitiveness of the Company’s compensation programs for      the Chief Executive Officer and other Named Executive Officers and      directors relative to comparable companies in the Company’s      industry.                                                                                                                                                                                                           |
|   |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | •       | Granting      restricted stock, stock option, and other equity-based or incentive awards      to the Company’s Named Executive Officers, employees and other individuals      under the Company’s stock and incentive compensation plans, including any      performance criteria relating to the plans or awards, and otherwise      assisting the Board in administering awards under these    plans.                                                                                                                                                                                                    |
|   |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | •  | Reviewing      and approving the Company’s employee benefit programs, including reviewing      and approving any incentive-compensation and equity-based plans of the      Company that are subject to Boardapproval;                                                                                                                                                                                                                                                                                                                                                                                            |

----

| II.   | Components      of Compensation |
|-----------------|---------------------------------|

|   |          |                                                                                          |
|--------|---------------|-----------------------------------------------------------------------------------------------|
|   | •  | Base      salary,                                                                             |
|   |          |                                                                                          |
|   | •  | A      cash annual incentive based on the achievement of specified goals and      objectives, |
|   |          |                                                                                          |
|   | •  | Long-term      incentive in the form of restricted stock and stock      options, and     |
|   |          |                                                                                          |
|   | •  | Benefits.                                                                                     |

| Named      Executive Officer                                                |   |   | 2008Base      Salary |   |   |   | PercentageIncrease      from2007      Base Salary |   |
|-----------------------------------------------------------------------------|--------|--------|----------------------|--------|--------|--------|---------------------------------------------------|--------|
| Barry      CinnamonPresident      and Chief Executive Officer and Secretary |   | $      | 275,000              |   |   |   | 35.0                                              | %      |
| Gary      EffrenChief      Financial Officer and Treasurer                  |   | $      | 250,000              |   |   |   | 0.0                                               | %(1)   |
| Steve      P. DanielExecutive      Vice President Sales and Marketing       |   | $      | 250,000              |   |   |   | 38.7                                              | %(2)   |
| James      CurranChief      Operating Officer                               |   | $      | 275,000              |   |   |   | 17.3                                              | %(3)   |

| (1)   | Mr.      Effren joined the Company on September 24,2007. |
|-----------------|----------------------------------------------------------|

| (2)   | Mr.      Daniel joined the Company on January 30, 2007 and left on December 5,      2008. |
|-----------------|-------------------------------------------------------------------------------------------|

| (3)   | Mr.      Curran joined the Company on May 29, 2007 and left on April 23,      2008. |
|-----------------|-------------------------------------------------------------------------------------|

----

|   |          |                                                                                             |
|--------|---------------|--------------------------------------------------------------------------------------------------|
|   | •  | Enhance      the link between the creation of stockholder value and executive      compensation; |
|   |          |                                                                                             |
|   | •  | Provide      an opportunity for equity ownership;                                                |
|   |          |                                                                                             |
|   | •  | Act      as a retention tool; and                                                           |
|   |          |                                                                                             |
|   | •  | Provide      competitive levels of totalcompensation.                                            |

----

| III.   | Limitation      on Deductibility of ExecutiveCompensation |
|------------------|-----------------------------------------------------------|

----

| Name      and Principal Position                                                             |   |  Year  |   | Salary |    |   | Stock      Awards(1) |   |    | Option      Awards(1) |   |   | AllOther      Compensation |   |   | Total  |    |
|----------------------------------------------------------------------------------------------|--------|------------------|--------|--------|---------|--------|----------------------|--------|---------|-----------------------|--------|--------|----------------------------|--------|--------|--------|---------|
| Barry      Cinnamon Chief Executive Officer, President, Secretary      and Director (2) |   | 2008             |   | $      | 275,000 |   |                 | $      | 11,541  |                  |   | $      | 490,937                    |   |   | $      | — |   |   | $ | 777,478 |   |
|                                                                                         |   | 2007             |   | $      | 203,750 |   |                 | $      | — |                  |   | $      | 75,632                     |   |   | $      | — |   |   | $ | 293,506 |   |
|                                                                                         |   | 2006             |   | $      | 132,392 |   |                 | $      | — |                  |   | $      | —                    |   |   | $      | 11,000  | (3) |   | $ | 143,392 |   |
|                                                                                         |   |             |   |   |    |   |                 |   |    |                  |   |   |                       |   |   |   |    |   |   |   |   |   |
| James      Curran Chief Operating Officer (4)                                                |   | 2008             |   | $      | 86,319  |   |                 | $      | 71,834  | (7)                   |   | $      | 17,846                     |   |   | $      | — |   |   | $ | 111,142 |   |
|                                                                                         |   | 2007             |   | $      | 130,827 |   |                 | $      | 29,914  |                  |   | $      | 95,043                     |   |   | $      | — |   |   | $ | 320,641 |   |
|                                                                                         |   |             |   |   |    |   |                 |   |    |                  |   |   |                       |   |   |   |    |   |   |   |   |   |
| Gary      Effren Chief Financial Officer and Treasurer (5)                                   |   | 2008             |   | $      | 250,000 |   |                 | $      | 30,365  |                  |   | $      | 513,475                    |   |   | $      | — |   |   | $ | 793,840 |   |
|                                                                                         |   | 2007             |   | $      | 68,750  |   |                 | $      | — |                  |   | $      | 95,043                     |   |   | $      | — |   |   | $ | 163,793 |   |
|                                                                                         |   |             |   |   |    |   |                 |   |    |                  |   |   |                       |   |   |   |    |   |   |   |   |   |
| Steve      Daniel Executive Vice President of Sales and Marketing (6)                        |   | 2008             |   | $      | 237,104 |   |                 | $      | 169,872 | (7)                   |   | $      | 305,755                    |   |   | $      | 16,744  | (8) |   | $ | 729,474 |   |
|                                                                                         |   | 2007             |   | $      | 133,371 |   |                 | $      | 15,254  |                  |   | $      | 67,900                     |   |   | $      | 143,980 | (8) |   | $ | 360,505 |   |

| (1)  | Amounts      represent the aggregate dollar amount recognized for financial statement      reporting purposes calculated in accordance with Statement of Financial      Accounting Standards (“SFAS”) No. 123R, Share Based Payments      (disregarding estimates of forfeitures related to service-based vesting      conditions). The Company’s policy and assumptions made in the valuation of      share based payments are contained in Note 13 to the Company’s      December 31, 2008 financial statements. Stock options awarded vest      over a one-year or three-year period from the date of grant and restricted      stock awarded vests over a four-year period from the date of      grant. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| (2)  | Mr.      Cinnamon was not compensated for his service on the Board of Directors of      the Company. |
|-----------|------------------------------------------------------------------------------------------------------|

| (3) | Represents      distributions on Mr. Cinnamon’s common stock paid by Akeena Solar, Inc.      prior to the Merger. |
|-----|-------------------------------------------------------------------------------------------------------------------------|

| (4)  | Mr.      Curran joined the Company during May 2007 and left the Company in April      2008. |
|-----------|---------------------------------------------------------------------------------------------|

| (5)  | Mr.      Effren joined the Company during September2007. |
|-----------|----------------------------------------------------------|

| (6)  | Mr.      Daniel joined the Company during January 2007 and left the Company in      December 2008. |
|-----------|----------------------------------------------------------------------------------------------------|

| (7) | Includes      $64,857 and $56,092, respectively, which represents stock compensation      expense recognized for financial reporting purposes as calculated in      accordance with SFAS No. 123R as a result of accelerated vesting of Mr.      Curran’s and Mr. Daniel’s restricted stock in connection with the      termination of their employment and agreement to a general release of      claims. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | All      Other Compensation for Mr. Daniel includes sales commissions paid during      2007 and 2008. |
|-----|-------------------------------------------------------------------------------------------------------|

----

| Name                |   |  Grant      Date |   | All      Other Stock Awards: Number of Shares of Stock or Units      (#) |          |   | All      Other Option Awards: Number of Securities Underlying Options      (#) |   |    | Exercise      or Base Price of Option Awards ($/Sh) |   |   | Grant      Date Fair Value of Stock and Option Awards (1) |   |
|---------------------|--------|-----------------------|--------|-------------------------------------------------------------------------------|---------------|--------|-------------------------------------------------------------------------------------|--------|---------|-----------------------------------------------------|--------|--------|-----------------------------------------------------------|--------|
| Barry      Cinnamon |   | 1/17/2008             |   | —                                                                       |          |   |                                                                                | 38,500 |    |                                                | $      | 8.02   |                                                      |   | $ | 189,737 |   |
|                |   | 8/14/2008             |   |                                                                          | 50,000        |   |                                                                                |   | — |                                                |   |   | —                                                   |   |   | $ | 186,500 |   |
|                |   |                  |   |                                                                          |          |   |                                                                                |   |    |                                                |   |   |                                                      |   |   |   |   |   |
| Gary      Effren    |   | 1/17/2008             |   |                                                                          | —       |   |                                                                                |   | 6.918   |                                                |   | $      | 8.02                                                      |   |   | $ | 34,094 |   |
|                |   | 5/12/2008             |   |                                                                          | 35,000        |   |                                                                                |   | — |                                                |   |   | —                                                   |   |   | $ | 182,000 |   |
|                |   | 8/14/2008             |   |                                                                          | 50,000        |   |                                                                                |   | — |                                                |   |   | —                                                   |   |   | $ | 186,500 |   |
|                |   |                  |   |                                                                          |          |   |                                                                                |   |    |                                                |   |   |                                                      |   |   |   |   |   |
| Steve      Daniel   |   | 1/28/2008             |   |                                                                          | —       |   |                                                                                |   | 15,000  |                                                |   | $      | 7.94                                                      |   |   | $ | 77,066 |   |
|                |   | 8/14/2008             |   |                                                                          |  — |   |                                                                                |   | — |                                                |   |   | —                                                   |   |   | $ | 233,125 |   |
|                |   |                  |   |                                                                          |          |   |                                                                                |   |    |                                                |   |   |                                                      |   |   |   |   |   |
| James      Curran   |   | 1/17/2008             |   |                                                                          | —       |   |                                                                                |   | 16,274  |                                                |   | $      | 8.02                                                      |   |   | $ | 66,775 |   |

| (1)   | The      amounts represent the grant date fair value of the stock option or award      computed in accordance with No. 123R. See Note 13 to our consolidated      financial statements in our Annual Report on Form 10-K for the fiscal year      ended December 31, 2008 for details as to the assumptions used to      determine the grant date fair value of the option awards. See also our      discussion of stock-based compensation under “Management’s Discussion and      Analysis of Financial Condition and Results of Operations—Critical      Accounting Policies” in our Annual Report on Form 10-K for the fiscal year      ended December 31, 2008. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                |   | Option      Awards                                                               |    | Stock      Awards |                                                                             |
|---------------------|--------|----------------------------------------------------------------------------------|---------|-------------------|----------------------------------------------------------------------------------|
| Name                |   | Number      of SecuritiesUnderlying      UnexercisedOptions      Exercisable (#) |    |              | Number      of SecuritiesUnderlying      UnexercisedOptions      Exercisable (#) |   |   | OptionExercise      Price($/Sh) |   | OptionExpirationDate |   | Number      of Shares ofStock      that Have NotVested      (#) |   |   | Market      Value of Sharesor      Units that Have NotVested |   |
| Barry      Cinnamon |   |                                                                             | 104,334 |              |                                                                             |   | 208,666 | (1) |   | $ | 4.94 |   | 9/07/2012 |   |  — |   |   | — |   |
|                |   |                                                                             | — |              |                                                                             |   | 38,500 | (2) |   | $ | 8.02 |   | 1/17/2013 |   |  — |   |   |  — |   |
|                |   |                                                                             | — |              |                                                                             |   | — |   |   |   | — |   |        — |   |   | 50,000 | (5) |   | $ | 86,000 |   |
|                |   |                                                                             |    |              |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gary      Effren    |   |                                                                             | 116,667 |              |                                                                             |   | 233,333 | (3) |   | $ | 6.30 |   | 9/21/2012 |   |   | — |   |   |   | — |   |
|                |   |                                                                             | — |              |                                                                             |   | 6,918 | (2) |   | $ | 8.02 |   | 1/17/2013 |   |   | — |   |   |   | — |   |
|                |   |                                                                             | — |              |                                                                             |   | — |   |   |   | — |   | —  |   |   | 35,000 | (6) |   | $ | 60,200 |   |
|                |   |                                                                             | — |              |                                                                             |   | — |   |   |   | — |   | — |   |   | 50,000 | (7) |   | $ | 86,000 |   |
|                |   |                                                                             |    |              |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Steve      Daniel   |   |                                                                             | 93,667  |              |                                                                             |   | 187,333 | (1) |   | $ | 4.94 |   | 9/7/2012 |   |   | — |   |   |   | — |   |
|                |   |                                                                             | — |              |                                                                             |   | 15,000 | (4) |   | $ | 7.92 |   | 1/28/2013 |   |   | — |   |   |   | — |   |
|                |   |                                                                             |    |              |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| James      Curran   |   |                                                                             | — |              |                                                                             |   | — |   |   |   | — |   | — |   |   | — |   |   |   | — |   |

----

| (1)    | Options      granted vest over a three-year vesting period beginning on each      anniversary of the date of grant commencing on September 7,      2008. |
|-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)    | Options      granted vested entirely on January 17,2009. |
|-----------------------|----------------------------------------------------------|

| (3)   | Options      granted vest over a three-year vesting period beginning on each      anniversary of the date of grant commencing on September 21,      2008. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| (4)   | Options      granted vest over a three-year vesting period beginning on each      anniversary of the date of grant commencing on January 28,      2009. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)    | Mr.      Cinnamon was granted 50,000 shares of restricted stock, which restriction      lapses as to 12,500 shares on each anniversary of the date of grant      commencing on August 14, 2009. Mr. Cinnamon is entitled to vote such      restricted shares, subject to forfeiture in accordance with the terms of      the grant. |
|-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Mr.      Effren was granted 35,000 shares of restricted stock, which restriction      lapses as to 8,750 shares on each anniversary of the date of grant      commencing on May 12, 2009. Mr. Effren is entitled to vote such restricted      shares, subject to forfeiture in accordance with the terms of the      grant. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | Mr.      Effren was granted 50,000 shares of restricted stock, which restriction      lapses as to 12,500 shares on each anniversary of the date of grant      commencing on August 14, 2009. Mr. Effren is entitled to vote such      restricted shares, subject to forfeiture in accordance with the terms of      the grant. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                |   | Option      Awards                             |    |   | Stock      Awards                   |   |
|---------------------|--------|------------------------------------------------|---------|--------|-------------------------------------|--------|
| Name                |   | Number      of Shares Acquired on Exercise (#) |    |   | Value      Realized on Exercise ($) |   |   | Number      of Shares Acquired on Vesting (#) |   |   | Value      Realized on Vesting ($) |   |
| Barry      Cinnamon |   |                                           | — |   |                                |   | — |   |   |   | — |   |   |   | — |   |
| Gary      Effren    |   |                                           | — |   |                                |   | — |   |   |   | — |   |   |   | — |   |
| Steve      Daniel   |   |                                           | — |   |                                |   | — |   |   |   | 75,313 | (1) |   | $ | 143,848 |   |
| James      Curran   |   |                                           | — |   |                                |   | — |   |   |   | 23,334 | (2) |   | $ | 154,704 |   |

| (1)   | Upon      Mr. Daniel’s departure in December 2008, 62,500 shares of restricted      shares were immediately vested. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------|

| (2)   | Upon      Mr. Curran’s departure in April 2008, 23,334 shares of restricted shares      were immediately vested. |
|-----------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | 10,000      shares of restricted stock under the Company’s Stock Plan, which      restriction lapses as to approximately 833 shares monthly as to 2,500      shares quarterly, in either case, for one year commencing on the date of      grant. Directors are entitled to vote such restricted stock, subject to      forfeiture, in accordance with the terms of the grant;  and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | travel      and lodging expenses for any activities related to the performance of      their duties on the Board ofDirectors. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------|

----

| Name              |   | Fees      Earned orPaid      in Cash |    |   | StockAwards      (1)(2) |   |   | OptionAwards |   |   | Total($) |   |
|-------------------|--------|--------------------------------------|---------|--------|-------------------------|--------|--------|--------------|--------|--------|----------|--------|
| Ed      Roffman   |   | $                                    | — |   |                    | $      | 87,467 | (3)          |   | $      | —  |   |   | $ | 87,467 |   |
| George      Lauro |   | $                                    | — |   |                    | $      | 25,395 | (4)          |   | $      | —  |   |   | $ | 25,395 |   |
| Jon      Witkin   |   | $                                    | — |   |                    | $      | 40,035 | (5)          |   | $      | —  |   |   | $ | 40,035 |   |

| (1)  | Amounts      represent the aggregate dollar amount recognized for financial statement      reporting purposes calculated in accordance with SFAS No. 123R, Share      Based Payments (disregarding estimates of forfeitures to service-based      vesting conditions). The Company’s policy and assumptions made in the      valuation of share based payments are defined in Note 13 to the December      31, 2008 financial statements contained in the Company’s Annual Report on      Form 10-K filed on March 16, 2009. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | For      each person listed in the above table, below is the aggregate grant date      fair value of each stock award granted to such person in the fiscal year      ended December 31, 2008 computed in accordance with SFAS 123(R) and      the aggregate number of stock awards outstanding and held by such person      on December 31, 2008. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name              |   | Stock      AwardsGranted      in 2008(#) |    |   | Aggregate      GrantDate      Fair Value($) |   |    | Stock      AwardsOutstanding      atYear-End(#) |   |
|-------------------|--------|------------------------------------------|---------|--------|---------------------------------------------|--------|---------|-------------------------------------------------|--------|
| Ed      Roffman   |   |                                     | 15,000  |   |                                        |   | 69,600  |                                            |   |   | 22,500 |   |
| George      Lauro |   |                                     | — |   |                                        |   | — |                                            |   |   | — |   |
| Jon      Witkin   |   |                                     | 10,000  |   |                                        |   | 43,600  |                                            |   |   | 10,000 |   |

| (3) | On      August 30, 2006, Mr. Roffman was granted 20,000 shares of restricted      stock, which restriction lapses as to 5,000 shares, on each anniversary of      the date of grant commencing on August 30, 2007, subject to Mr. Roffman      serving on the Company’s Board on each such anniversary. On April 2, 2007,      and May 12, 2008, respectively, Mr. Roffman received 48,000 and 5,000      shares of the Company’s restricted common stock under our Stock Plan,      which restrictions lapse as to 1,250 shares quarterly commencing on the      date of grant, subject to Mr. Roffman serving as the Board’s Audit      Committee Chairman. On October 1, 2008, Mr. Roffman was granted 10,000      shares of restricted stock, which restrictions lapse as to 2,500 shares      quarterly for one year commencing on the date of grant, subject to Mr.      Roffman serving on the Company’s Board. Mr. Roffman is entitled to vote      such restricted shares, subject to forfeiture in accordance with the terms      of the grant. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| (4) | On      July 18, 2007, Mr. Lauro received 10,000 shares of the Company’s      restricted common stock under our Stock Plan, which restrictions lapse as      to approximately 833 shares monthly for twelve months commencing on the      date of grant, subject to serving on the Company’s Board of Directors.      There were no stock grants or forfeitures during 2008. Mr. Lauro resigned      on October 1, 2008. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | On      July 18, 2007, Mr. Witkin received 10,000 shares of the Company’s      restricted common stock under our Stock Plan, which restrictions lapse as      to approximately 833 shares monthly for twelve months commencing on the      date of grant, subject to serving on the Company’s Board of Directors. On      October 01, 2008, Mr. Witkin received 10,000 shares of the Company’s      restricted common stock under our Stock Plan, which restrictions lapse as      to 2,500 shares quarterly for one year commencing on the date of grant,      subject to Mr. Witkin serving on the Company’s Board of Directors. Mr.      Witkin is entitled to vote such restricted shares, subject to forfeiture      in accordance with the terms of thegrant. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name      of Beneficial Owner(1)                                 |   | Amount      andNature      ofBeneficialOwner      (2) |      |   | Percent      ofClass      (2) |   |
|------------------------------------------------------------------|--------|-------------------------------------------------------|-----------|--------|-------------------------------|--------|
| Barry      Cinnamon                                              |   |                                                  | 7,953,729 | (3)    |                          |   | 25.7 | % |
| Ed      Roffman                                                  |   |                                                  | 68,000    | (4)    |                          |   | * | % |
| Jon      Witkin                                                  |   |                                                  | 20,000    | (5)    |                          |   | * | % |
| Gary      Effren                                                 |   |                                                  | 201,667   | (6)    |                          |   | * | % |
| James      Curran                                                |   |                                                  | 35,000    | (7)    |                          |   | * | % |
| Steve      Daniel                                                |   |                                                  | 97,500    | (8)    |                          |   | * | % |
| All      directors and executive officers as a group (6 persons) |   |                                                  | 8,375,896 |   |                          |   | 27.2 | % |

| * | Less      than 1% |
|---|-------------------|

| (1) | Unless      otherwise indicated the address for each of the stockholders is c/o Akeena      Solar, Inc. 16005 Los Gatos Blvd., Los Gatos, CA  95032. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The      applicable percentage of ownership for each beneficial owner is based on      30,830,743 shares of the Company’s common stock outstanding as of March      31, 2009. In calculating the number of shares of common stock beneficially      owned by a stockholder and the percentage of ownership of that      stockholder, shares of common stock issuable upon the exercise of options,      warrants or the conversion of other securities held by that stockholder      that are exercisable within 60 days, are deemed outstanding for such      Shares, however, they are not deemed outstanding for computing the      percentage ownership of any otherstockholder. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes 50,000      shares of restricted common stock granted to Mr. Cinnamon on      August 14, 2008, under Akeena’s Stock Plan. Restrictions on the      50,000 shares lapse as to 12,500 shares on each anniversary of the      date of grant, commencing August 14, 2009. Mr. Cinnamon is      entitled to vote his restricted shares, subject to forfeiture in      accordance with the terms of the grant. Also includes 142,729 shares      subject to options to purchase common stock granted to Mr. Cinnamon on      September 7, 2007, under the Akeena Stock Plan, which are exercisable      within 60 days of March 31, 2009. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Includes 20,000      shares of restricted common stock granted to Mr. Roffman on      August 30, 2006, under Akeena’s Stock Plan. Restrictions on the      20,000 shares lapse as to 5,000 shares on each anniversary of the      date of grant, commencing August 30, 2007. Also includes 48,000      shares of restricted common stock granted to Mr. Roffman on April 2, 2007,      under the Akeena Stock Plan. Mr. Roffman is entitled to vote such      restricted shares, subject to forfeiture in accordance with the terms of      the grant. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5)    | Includes 10,000      shares of restricted common stock granted to Mr. Witkin on July 18,      2007, under Akeena’s Stock Plan. Restrictions on the 10,000      shares lapse as to 2,500 shares on each anniversary of the date of      grant, commencing July 18, 2008.  Mr. Witkin is entitled to      vote such restricted shares, subject to forfeiture in accordance with the      terms of the grant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (6)    | Includes 35,000      shares of restricted common stock granted to Mr. Effren on May 12,      2008, under Akeena’s Stock Plan. Restrictions on the 35,000      shares lapse as to 11,667 shares on each anniversary of the date of      grant, commencing May 12, 2009 and 50,000 shares of restricted common      stock granted to Mr. Effren on August 14, 2008, under Akeena’s      Stock Plan. Restrictions on the 50,000 shares lapse as to 12,500      shares on each anniversary of the date of grant, commencing      August 14, 2009. Mr. Effren is entitled to vote his      restricted shares, subject to forfeiture in accordance with the terms of      the grant. Also includes 116,667 shares subject to options to      purchase common stock granted to Mr. Effren on September 21, 2007 and      6,918 shares subject to options to purchase common stock granted to Mr.      Effren on January 17, 2008, under the Akeena Stock Plan, in each case      which are exercisable within 60 days of March 31, 2009. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (7)    | Beneficial      ownership of shares held by Mr. Curran as disclosed on Form 4 filed with      the Securities Exchange Commission on January 17, 2008.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (8)    | Beneficial      ownership of shares held by Mr. Daniel as disclosed on Form 4 filed with      the Securities Exchange Commission on August 14,  2008.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

|                            | Number      of securities to be issued upon exercise of outstanding      options |   | Weighted-average      exercise price of outstanding options |   | Number      of securities remaining available for issuance under equity compensation      plans (excluding securities reflected in column (a) and excluding      restricted stock awards) |   |
|---------------------------------|----------------------------------------------------------------------------------|--------|-------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                            | (a)                                                                              |   | (b)                                                         |   | (c)                                                                                                                                                                                       |   |
| Equity      compensation plans: |                                                                             |   |                                                        |   |                                                                                                                                                                                      |   |   |   |   |
| 2006      Stock Incentive Plan  |                                                                             |   | 2,065,000                                                   |   |                                                                                                                                                                                      | $      | 5.31 |   |   |   | 923,850 |   |
| 2001      Stock Option Plan     |                                                                             |   | —                                                     |   |                                                                                                                                                                                      |   | — |   |   |   | 4,000,000 |   |

|   |   |
|--------|--------|

The Audit Committee reviews and pre-approves all proposed audit andnon-audit engagements and related fees of Burr, Pilger and Mayer LLP (BPM). Inaddition, any audit and non-audit fees for newly proposed professional servicesto be provided by BPM that arise during the year, or changes to previouslyapproved BPM work, are reviewed and approved in advance of commencement of suchservices by the Audit Committee at their regularly scheduled meetings throughoutthe fiscal year. Should a situation arise that requires approval betweenmeetings, the Audit Committee has delegated authority to its Chairman toauthorize such pre-approval and to report on the same at the following regularlyscheduled meeting. The Audit Committee has the authority to grant pre-approvalauthority for audit and non-audit services to another member of the AuditCommittee who is an independent director. Any such delegation shall be presentedto the full Audit Committee at its next scheduled meeting.

----

----

PART IV

| Exhibit Number |   | Description of Exhibit                                                                                                        |
|---------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                |   | Certification      pursuant to Rule 13a-14(a) of the Securities and Exchange Act of      1934 for principal executive officer |
|                |   |                                                                                                                                    |
| 31.2                |   | Certification      pursuant to Rule 13a-14(a) of the Securities and Exchange Act of      1934 for principal financialofficer  |

----

In accordance with Section 13 or 15(d) of theExchange Act, the registrant caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

|   |                                       |                    |
|--------|--------------------------------------------|-------------------------|
|   | AKEENA      SOLAR, INC.                    |
|   |                                       |                    |
|   |                                       | /s/ Barry      Cinnamon |
|   | Barry      Cinnamon                        |
|   | President      and Chief Executive Officer |
|   | (Principal      Executive Officer)         |

----

| Exhibit Number |   | Description of Exhibit                                                                                                        |
|---------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                |   | Certification      pursuant to Rule 13a-14(a) of the Securities and Exchange Act of      1934 for principal executive officer |
|                |   |                                                                                                                                    |
| 31.2                |   | Certification      pursuant to Rule 13a-14(a) of the Securities and Exchange Act of      1934 for principal financial officer |
|                |   |                                                                                                                                    |
|                |   |                                                                                                                                    |
|                |   |                                                                                                                                    |
|                |   |                                                                                                                                    |
|                |   |                                                                                                                                    |
|                |   |                                                                                                                                    |
|                |   |                                                                                                                                    |

----