WORCESTER, Mass., September 23, 2013 /Accesswire/ - Mass Megawatts Wind Power, Inc. (OTC: MMMW) today introduced a program for qualified businesses in certain states with the opportunity to generate a high rate of return of its capital investment into solar equipment. For example, a project selling for $170,000 can anticipate $120,000 in cash realized from the investment at the end of year one. In the following years, more than $30,000 a year in cash can be anticipated each year for up the ten years or longer. Much of the cash realized in the first year is from incentives given to solar power equipment.
In August 2013, Mass Megawatts announced the company’s entry into the $12 billion, US solar power market with the development of a 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. 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.
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 failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; 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 condition. Mass Megawatts Wind Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
Product information and sales inquiries can be made through the company's contact page at http://www.massmegawatts.com/
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