Mass Megawatts Wind Power, Inc. Announces Additional Financial Benefits for Qualified New Construction Using Patent Pending L...
November 21 2013 - 8:30AM
Access Wire
WORCESTER, Mass., November 21, 2013 /Accesswire/ - Mass
Megawatts Wind Power, Inc. (OTC: MMMW) today announced additional
renewable energy credits and tax incentives being available for
qualified new construction installing the company’s new solar
tracking technology designed to increase solar energy production by
30%. The patent pending, Mass Megawatts ‘Solar Tracking
System’ (STS) is designed to automatically adjust the position of
solar panels to receive an optimal level of direct sunlight
throughout the day. Unlike other solar tracking technologies,
the Mass Megawatts STS utilizes a low-cost structure that adds
stability to the overall system while improving energy production
levels.
The STS utilizes an innovative structural design that combines a
simple, yet robust, A-frame design with a low-cost, protective
outer-wall. Using a non-electrical, and passive, tracking
technology, the solar panels are automatically repositioned
throughout the day as the sun's position travels from east to
west. This allows the panels to receive more direct sunlight
and to generate more solar power for the customer. With this
system, solar power production is increased by up to 30% as
compared to stationary configurations. Future versions
of the STS will also offer a dual-tracking capability, which can
further improve solar power generation levels by an additional 10%.
Other single and dual tracking systems are subject to wind related
structural stress and are more expensive to overcome for weather
related issues. Some designs in the solar market are more
expensive than the stationary units.
The STS allows Mass Megawatts to lower material costs and reduce
the number of solar panels needed to generate the rated
capacity. Due to this advantage, Mass Megawatts can deliver
more solar power production at a price similar to lower-capacity,
stationary systems. Specifically, the company plans to offer
6.25 kW rated STS units at a price that’s competitive to
stationary, 5 kW systems. In the best locations with high
electric prices and good incentives, this improved output
translates into a 40% rate of return on investment. In other
locations, the investment payback is projected to be less than
three and one half years. Further, by taking advantage of a
lease program or power purchase agreement (PPA) arrangement with
the company, a customer may realize an immediate, positive cash
flow, as immediate energy savings and/or revenues will be realized
and/or exceed the monthly payments due.
Starting at 6.25 kW rated units, a Mass Megawatts STS system is
appropriate for ground-level, residential and business sites, as
well as, commercial, roof-top installations. Mass Megawatts
coordinates all aspects of system delivery, including permitting,
installation, and working to obtain any available tax
incentives. They monitor the performance of each system, and
provide a full, performance guarantee.
This press release contains forward-looking statements that could
be affected by risks and uncertainties. Among the factors that
could cause actual events to differ materially from those indicated
herein are: the ability to remain competitive; to finance the
marketing and sales of its electricity; general economic
conditions; and other risk factors detailed in periodic reports
filed by Mass Megawatts Wind Power. Additionally, Mass Megawatts
Wind Power stock quote and Mass Megawatts stock price may be
impacted by global conditions.
Product information and sales inquiries can be made through the
company's contact page at http://www.massmegawatts.com/ and
can also be reached at (508) 751-5432.
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
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