WORCESTER, Mass. / ACCESSWIRE / July 8, 2014 / Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announces the availability of favorable terms for tax equity investors. During the first six or seven years, a large majority (typically 95% or more) of taxable income, loss and tax credits would be allocated to the Tax Equity Investor. After the six or seven year period, the ownership of the project would flip to, for example, 95% or more to Mass Megawatts. The future income may be recognized by Mass Megawatts Investors in stock price appreciation before the flip occurs.
Mass Megawatts entered into the $12 billion, US solar power market with the development of a new solar tracking technology designed to increase solar energy production by more than 25 percent. 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 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. In many locations, this improved output translates into a 40% rate of return for the customer with investment payback occurring in the 4th year.
With its patented, Solar Tracking System, very little debt ,and less than 45 million shares issued and outstanding, Mass Megawatts believes it is well positioned to ramp-up production in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com or phone (508) 751-5432.
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.
SOURCE: Mass Megawatts Wind Power, Inc.