beginner to electric guitar, need tips to progress!

Hello,

I recently bought a new electric guitar along with a Korg processor and a 10W amplifier.
Well, with my acoustic guitar, I was used to playing rythm and small lead parts of various songs.

The sole purpose I bought an electric is to learn soloing and decent shredding. But now I seem clueless on what to do next, coz I started out with the solo to Hotel California, got frustrated halfway, and am now thinking that I lack in some basic skills.

What would u all gurus recommend me to do before I feel comfortable playing these solo parts. I have no problem with the riffs of major songs. But its the solo and some interlude that kills me.

My favourite artists/bands are -

The eagles
Poets of the Fall
The Fray
Foo Fighters
Led Zeppelin
Slipknot
AC/DC
Metallica
Black Sabbath
Judas Priest
U2
Lynyrd Skynyrd
KISS
Linkin Park
Eric Clapton
Bon Jovi
Coldplay
Creed
Pink Floyd
Goo Goo Dolls
Guns N Roses

I have also heard some stuff by Steve vai, Joe Satch and Jimi Hendrix, but I think that they'll be pretty tough to learn.

Any suggestions on where should I begin? How to progress? Any help will be appreciated!

thx