| [X]            | Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|----------------|-----------------------------------------------------------------------------------------|
|           |                                                                                    |
|           | For the quarterly period ended March 31, 2011                                           |
|           |                                                                                    |
| [  ] | Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934        |
|           |                                                                                    |
|           | For the transition period from  __________ to __________                      |
|           |                                                                                    |
|           | Commission File Number:  333-150692                                           |

| Nevada                                                         | 20-8415633                                                                         |
|----------------------------------------------------------------|------------------------------------------------------------------------------------|
| (State or other jurisdiction of incorporation or organization) |          (IRS Employer Identification No.) |

| 398 Lemon Creek Dr., Suite A, Walnut, CA 91789 |
|------------------------------------------------|
| (Address of principal executive offices)       |

| (909) 598-0618                                                                           |
|------------------------------------------------------------------------------------------|
| (Registrant’s telephone number)                                               |
| _____________________________________________________________________                    |
| (Former name, former address and former fiscal year, if changed since last report)  |

| [ ] Large accelerated filer[ ] Non-accelerated filer | [ ] Accelerated filer[X] Smaller reporting company |
|------------------------------------------------------|----------------------------------------------------|

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Table of Contents

|                                          | TABLE OF CONTENTS                                                                           |   Page |
|-----------------------------------------------|---------------------------------------------------------------------------------------------|------------------|
| PART I – FINANCIAL INFORMATION     |
| Item 1:                                       | Financial Statements                                                                        | 3                |
| Item 2:                                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 4                |
| Item 3:                                       | Quantitative and Qualitative Disclosures About Market Risk                                  | 10               |
| Item 4:                                       | Controls and Procedures                                                                     | 10               |
|  PART II – OTHER INFORMATION  |
| Item 1:                                       | Legal Proceedings                                                                           | 11               |
| Item 1A:                                      | Risk Factors                                                                                | 11               |
| Item 2:                                       | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 11               |
| Item 3:                                       | Defaults Upon Senior Securities                                                             | 11               |
| Item 4:                                       | Removed and Reserved                                                                        | 11               |
| Item 5:                                       | Other Information                                                                           | 11               |
| Item 6:                                       | Exhibits                                                                                    | 11               |

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Table of Contents

Item 1.     Financial Statements

| Our financial statements included in this Form 10-Q are as follows: |
|---------------------------------------------------------------------|
|  F-1                                                           |  Balance Sheets as of March 31, 2011 (unaudited) and December 31, 2010 |
|  F-2                                                           |  Statements of Operations for the three ended March 31, 2011 and 2010 (unaudited) |
|  F-3                                                           |  Statements of Stockholders’ Equity as of March 31, 2011 (unaudited) |
|  F-4                                                           |  Statements of Cash Flows for the three months ended March 31, 2011 and 2010 (unaudited) |
|  F-5                                                           |  Notes to Financial Statements |

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SUNVALLEY SOLAR, INC.

| ASSETS                                                                                                                                                                               |        |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
|                                                                                                                                                                                 | March 31,   |   | December 31, |   |
|                                                                                                                                                                                 | 2011        |   | 2010 |   |
|                                                                                                                                                                                 | (unaudited) |   |   |   |   |
| CURRENT ASSETS                                                                                                                                                                       |        |   |   |   |   |   |
| Cash and cash equivalents                                                                                                                                                            |        | $ | 429,054 |   |   | $ | 546,164 |   |
| Restricted cash                                                                                                                                                                      |        |   | 12,500 |   |   |   | 12,500 |   |
| Accounts receivable, net                                                                                                                                                             |        |   | 619,023 |   |   |   | 546,388 |   |
| Inventory                                                                                                                                                                            |        |   | 1,451,056 |   |   |   | 1,925,233 |   |
| Construction in progress                                                                                                                                                             |        |   | 231,905 |   |   |   | 56,004 |   |
| Other receivables                                                                                                                                                                    |        |   | 21,842 |   |   |   | 7,481 |   |
| Prepaid expenses and other current assets                                                                                                                                            |        |   | 242,467 |   |   |   | 15,792 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Total current assets                                                                                                                                                                 |        |   | 3,007,847 |   |   |   | 3,109,562 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, NET                                                                                                                                                          |        |   | 100,563 |   |   |   | 71,208 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                                                                                                                         |        |   |   |   |   |   |   |   |
| Other assets                                                                                                                                                                         |        |   | 5,686 |   |   |   | 18,186 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Total other assets                                                                                                                                                                   |        |   | 5,686 |   |   |   | 5,686 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                                                                                                                         |        | $ | 3,114,096 |   |   | $ | 3,186,456 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                       |        |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                  |        |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                                                                                                                                |        | $ | 2,928,055 |   |   | $ | 2,883,316 |   |
| Customer deposits                                                                                                                                                                    |        |   | 13,927 |   |   |   | 70,070 |   |
| Accrued warranty                                                                                                                                                                     |        |   | 26,867 |   |   |   | 27,688 |   |
| Current portion of long-term debt                                                                                                                                                    |        |   | 18,719 |   |   |   | 13,256 |   |
| Convertible debt                                                                                                                                                                     |        |   | 100,000 |   |   |   | - |   |
| Derivative liability                                                                                                                                                                 |        |   | 68,234 |   |   |   | - |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Total current liabilities                                                                                                                                                            |        |   | 3,155,802 |   |   |   | 2,994,330 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| LONG-TERM LIABILITIES                                                                                                                                                                |        |   |   |   |   |   |   |   |
| Notes payable                                                                                                                                                                        |        |   | 95,322 |   |   |   | 74,269 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Total long-term liabilities                                                                                                                                                          |        |   | 95,322 |   |   |   | 74,269 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Total Liabilities                                                                                                                                                                    |        |   | 3,251,124 |   |   |   | 3,068,599 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                                       |        |   |   |   |   |   |   |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Common stock, $0.001 par value, 1,500,000,000 shares authorized, 803,068,420 shares issued and          outstanding,  respectively |        |   | 803,068 |   |   |   | 800,068 |   |
| Additional paid-in capital                                                                                                                                                           |        |   | 221,332 |   |   |   | 276,713 |   |
| Accumulated deficit                                                                                                                                                                  |        |   | (1,161,428 | ) |   |   | (958,924 | ) |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
| Total Stockholders' Equity (Deficit)                                                                                                                                                 |        |   | (102,228 | ) |   |   | 117,857 |   |
|                                                                                                                                                                                 |        |   |   |   |   |   |   |   |
|   STOCKHOLDERS' EQUITY                                                                                                                                                     |        | $ | (137,028 | )  |   | $ | 3,186,456 |   |

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SUNVALLEY SOLAR, INC.

|                                                        |   | For the Three Months Ended |        |
|-------------------------------------------------------------|--------|----------------------------|-------------|
|                                                        |   | March 31,                  |        |
|                                                        |   | 2011                       |        |   | 2010 |   |
|                                                        |   |                       |        |   |   |   |
| REVENUES                                                    |   | $                          | 797,810     |   |   | $ | 767,645 |   |
| COST OF SALES                                               |   |                       | 683,446     |   |   |   | 619,267 |   |
|                                                        |   |                       |        |   |   |   |   |   |
| GROSS PROFIT                                                |   |                       | 114,364     |   |   |   | 148,378 |   |
|                                                        |   |                       |        |   |   |   |   |   |
| OPERATING EXPENSES                                          |   |                       |        |   |   |   |   |   |
| Salary and wage expense                                     |   |                       | 142,902     |   |   |   | 127,647 |   |
| Depreciation and amortization                               |   |                       | 5,301       |   |   |   | 3,518 |   |
| General and administrative expenses                         |   |                       | 165,038     |   |   |   | 93,511 |   |
|                                                        |   |                       |        |   |   |   |   |   |
|      Total operating expenses      |   |                       | 313,241     |   |   |   | 224,676 |   |
|                                                        |   |                       |        |   |   |   |   |   |
| LOSS FROM OPERATIONS                                        |   |                       | (198,877    | ) |   |   | (76,298 | ) |
|                                                        |   |                       |        |   |   |   |   |   |
| OTHER INCOME (EXPENSES)                                     |   |                       |        |   |   |   |   |   |
| Interest income                                             |   |                       | 2,391       |   |   |   | - |   |
| Interest expense                                            |   |                       | (3,365      | ) |   |   | (354 | ) |
| Loss on derivative liability                                |   |                       | (2,653      | ) |   |   | - |   |
|                                                        |   |                       |        |   |   |   |   |   |
|      Total other income (expenses) |   |                       | (3,627      | ) |   |   | (354 | ) |
|                                                        |   |                       |        |   |   |   |   |   |
| LOSS BEFORE TAXES                                           |   |                       | (202,504    | ) |   |   | (76,652 | ) |
|                                                        |   |                       |        |   |   |   |   |   |
| Provision for income taxes                                  |   |                       | -           |   |   |   | - |   |
|                                                        |   |                       |        |   |   |   |   |   |
| NET LOSS                                                    |   | $                          | (202,504    | ) |   | $ | (76,652 | ) |
|                                                        |   |                       |        |   |   |   |   |   |
| LOSS PER SHARE                                              |   |                       |        |   |   |   |   |   |
| Basic and diluted                                           |   | $                          | (0.00       | ) |   | $ | (0.00 | ) |
|                                                        |   |                       |        |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING               |   |                       |        |   |   |   |   |   |
| Basic and diluted                                           |   |                       | 802,735,087 |   |   |   | 485,844,422 |   |

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SUNVALLEY SOLAR, INC.

|                                                           |   | Common Stock |        |   | Additional |   |    | Accumulated     |   |   |     |   |
|----------------------------------------------------------------|--------|--------------|-------------|--------|------------|--------|---------|-----------------|--------|--------|----------|--------|
|                                                           |   | Shares       |        |   | Amount     |   |    | Paid-In Capital |   |   | Deficit  |   |   | Total |   |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |
| Balance at December 31, 2009                                   |   |         | 485,151,406 |   |       | $      | 485,151 |            |   | $      | 391,630  |   |   | $ | (583,085 | ) |   | $ | 293,696 |   |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Repurchase of common stock                                     |   |         | (5,110,353  | )      |       |   | (5,110  | )               |   |   | (194,890 | )      |   |   | - |   |   |   | (200,000 | ) |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Recapiltalization                                              |   |         | 320,027,367 |   |       |   | 320,027 |            |   |   | (320,027 | )      |   |   | - |   |   |   | - |   |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Contributed capital                                            |   |         | -           |   |       |   | -       |            |   |   | 400,000  |   |   |   | - |   |   |   | 400,000 |   |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended December 31, 2010                  |   |         | -           |   |       |   | -       |            |   |   | -        |   |   |   | (375,839 | ) |   |   | (375,839 | ) |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2010                                   |   |         | 800,068,420 |   |       |   | 800,068 |            |   |   | 276,713  |   |   |   | (958,924 | ) |   |   | 117,857 |   |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Common stock issued for services                               |   |         | 3,000,000   |   |       |   | 3,000   |            |   |   | 10,200   |   |   |   | - |   |   |   | 13,200 |   |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Adjustment for derivative liability                            |   |         | -           |   |       |   | -       |            |   |   | (65,581  | )      |   |   | - |   |   |   | (65,581 | ) |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Net loss for the three months ended March 31, 2011 (unaudited) |   |         | -           |   |       |   | -       |            |   |   | -        |   |   |   | (154,504 | ) |   |   | (154,504 | ) |
|                                                           |   |         |        |   |       |   |    |            |   |   |     |   |   |   |   |   |   |   |   |   |
| Balance at March 31, 2011 (unaudited)                          |   |         | 803,068,420 |   |       | $      | 803,068 |            |   | $      | 221,332  |   |   | $ | (1,160,428 | ) |   | $ | (137,028 | ) |

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SUNVALLEY SOLAR, INC.

|                                                                                     |   | For the Three Months Ended |     |
|------------------------------------------------------------------------------------------|--------|----------------------------|----------|
|                                                                                     |   | March 31,                  |     |
|                                                                                     |   | 2011                       |     |   | 2010 |   |
|                                                                                     |   |                       |     |   |   |   |
| OPERATING ACTIVITIES:                                                                    |   |                       |     |   |   |   |
|                                                                                     |   |                       |     |   |   |   |
| Net income (loss)                                                                        |   | $                          | (202,504 | ) |   | $ | (76,652 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |   |                       |     |   |   |   |   |   |
| Common stock issued for services                                                         |   |                       | 13,200   |   |   |   | - |   |
| Depreciation and amortization                                                            |   |                       | 5,301    |   |   |   | 3,518 |   |
| Changes in operating assets and liabilities:                                             |   |                       |     |   |   |   |   |   |
| Accounts receivable                                                                      |   |                       | (72,635  | ) |   |   | (55,430 | ) |
| Inventory                                                                                |   |                       | 474,177  |   |   |   | (197,449 | ) |
| Prepaid expenses and other assets                                                        |   |                       | (226,674 | ) |   |   | 58,299 |   |
| Construction in Progress                                                                 |   |                       | (175,902 | )  |   |   |   |   |
| Other receivables                                                                        |   |                       | (14,361  | ) |   |   | (6,006 | ) |
| Accounts payable and accrued warranty expenses                                           |   |                       | 43,916   |   |   |   | 181,061 |   |
| Customer deposits                                                                        |   |                       | (56,143  | ) |   |   | (1,339 | ) |
| Loss on derivative liability                                                             |   |                       | 2,653    |   |   |   |   |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| Net Cash Provided by (Used) in Operating Activities                                      |   |                       | (208,972 | ) |   |   | (93,998 | ) |
|                                                                                     |   |                       |     |   |   |   |   |   |
| INVESTING ACTIVITIES:                                                                    |   |                       |     |   |   |   |   |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| Purchase in property and equipment                                                       |   |                       | (34,655  | ) |   |   | (1,250 | ) |
|                                                                                     |   |                       |     |   |   |   |   |   |
| Net Cash (Used) in Investing Activities                                                  |   |                       | (34,655  | ) |   |   | (1,250 | ) |
|                                                                                     |   |                       |     |   |   |   |   |   |
| FINANCING ACTIVITIES:                                                                    |   |                       |     |   |   |   |   |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| Repayments from notes payable                                                            |   |                       | (3,573   | ) |   |   | (3,064 | ) |
| Proceeds from notes payable                                                              |   |                       | 30,090   |   |   |   |   |   |
| Proceeds from convertible notes                                                          |   |                       | 100,000  |   |   |   | - |   |
| Repurchase of common stock                                                               |   |                       | -        |   |   |   | (30,000 | ) |
|                                                                                     |   |                       |     |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                                |   |                       | 126,517  |   |   |   | (33,064 | ) |
|                                                                                     |   |                       |     |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                                          |   |                       | (117,110 | ) |   |   | (128,312 | ) |
| CASH AT BEGINNING OF PERIOD                                                              |   |                       | 546,164  |   |   |   | 309,453 |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| CASH AT END OF PERIOD                                                                    |   | $                          | 429,054  |   |   |   | 181,141 |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                       |   |                       |     |   |   |   |   |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| CASH PAID FOR:                                                                           |   |                       |     |   |   |   |   |   |
| Interest                                                                                 |   | $                          | 1,545    |   |   | $ | 907 |   |
| Income taxes                                                                             |   | $                          | -        |   |   | $ | - |   |
|                                                                                     |   |                       |     |   |   |   |   |   |
| NON-CASH INVESTING AND FINANCING ACTIVITIES                                              |   |                       |     |   |   |   |   |   |
| Derivative liability                                                                     |   | $                          | 65,581   |   |   | $ | - |   |

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Consolidated Notes to Financial Statements

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|             |   | 2011   |      |   | 2010   |   |
|------------------|--------|--------|-----------|--------|--------|--------|
| Raw materials    |   | $      | 113,842   |   |   | $      | 8 |   |
| Work in Progress |   |   | 47,692    |   |   |   | 6,741 |   |
| Finished goods   |   |   | 1,289,522 |   |   |   | 1,918,484 |   |
|             |   | $      | 1,451,056 |   |   | $      | 1,925,233 |   |

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Item 2.     Management’s Discussion and Analysis or Plan of Operation

| ·  | Developing and commercializing our proprietary solar technologies including our coating and focusing technologies, racking and panel cleaning system. By deploying these new technologies into our PV panels and solar installation business, we hope to enhance the value provided to our customers and increase our profitability. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Promoting and enhancing our company’s brand and reputation in solar design and integration and expanding our installation business from Southern California to Northern California, Arizona or other states. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Developing a PV panel manufacturing capability to provide high efficiency and low cost solar panels to US market. This will complement our installation business and provide an implementation platform for our R&D. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Getting involved in the private power providing business (Distributed Power Plants).  Developing this line of business will lead to higher profit margins and income to our business. In the future, this line of business could become one of our main income sources. |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·  | Set-up a platform to showcase our innovative solar panel technologies and make Sunvalley solar panels a household name. |
|--------------|-------------------------------------------------------------------------------------------------------------------------|

| ·  | Penetrate into the main stream distribution network |
|--------------|-----------------------------------------------------|

| ·  | Further sale activities |
|--------------|-------------------------|

| ·  | Offer a low cost, high efficiency solar panel derived from advanced research |
|--------------|------------------------------------------------------------------------------|

| ·  | Registration and Certification of OEM panels with our brand – $300,000, including UL certification fees, CEC registration fees, and lab testing fees. |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Initial Inventory – $1,500,000.  We will need to keep at least 4 containers of PV panels in the warehouse in order to support sales of 5~10M watts per year, which means we will need to have over $1,000,000 in inventory for PV panels only. An additional $300,000 in inventory would be needed in order to keep the requisite amount of inverters and racking and panel cleaning systems. In addition, we anticipate providing variable payment terms to different customers based on their creditworthiness; this will add additional cash flow pressure. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | OEM Management costs – $200,000 |
|--------------|---------------------------------------|

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| Accounts Payable         |   | $      | 2,812,167 |
|--------------------------|--------|--------|-----------|
| Credit Card payable      |   |   | 38,315    |
| Accrued vacation         |   |   | 16,653    |
| Other accrued expense    |   |   | 15,441    |
| Payroll liabilities      |   |   | 36,277    |
| Sales tax payable        |   |   | 8,402     |
| State Income tax payable |   |   | 800       |
| Total                    |   | $      | 2,928,055 |

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| Initiate OEM Manufacturing                          |   | $ | 2,000,000 |
|-----------------------------------------------------|--------|---|-----------|
| R&D Commercialization Costs                     |   | $ | 500,000   |
| Expansion of Installation Business (3 new branches) |   | $ | 1,500,000 |
| Additional working capital and general corporate    |   | $ | 500,000   |
| Total capital needs                                 |   | $ | 4,500,000 |

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Item 3.     Quantitative and Qualitative Disclosures About Market Risk

Item 4.     Controls and Procedures

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Item 1.     Legal Proceedings

Item 1A.  Risk Factors

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

Item 3.     Defaults upon Senior Securities

Item 4.     Submission of Matters to a Vote of Security Holders

Item 5.     Other Information

Item 6.      Exhibits

| ExhibitNumber | Description of Exhibit                                                                                                                                                        |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1          | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 31.2          | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 32.1          | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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|   | Sunvalley Solar, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Date:  | May 23, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | By:       /s/ Zhijian (James) Zhang                                                                       Zhijian (James) ZhangTitle:    Chief Executive Officer and Director    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Date:  | May 23, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | By:       /s/ Mandy Chung                                                                             Mandy ChungTitle:    Chief Financial Officer |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |