The Power-Save Energy Company has announced a contract from California Power-Save to supply a complete photovoltaic solar system for installation on an Agriculture Water Pump System in Shasta County California.
Power-Save Energy Co. will supply all the solar equipment and CA Power-Save will be installing this 32.725 kW solar array. This specific contract is worth $194,423.00.
This project is significant to Power-Save Energy Co. in that it furthers the company's pursuit of larger commercial projects. This agriculture installation has been funded through an agricultural grant of $48,500.00, a Pacific Gas and Electric rebate of $26,000.00, and a Federal Tax Grant o\f $55,000.00.
The customer will save approximately $10,000.00 per year in electrical costs to pump water and have a ROI of approximately 7 years.
Chris Frye, Owner of CA Power-Save, stated, "This is a fantastic opportunity for CA Power-Save to design, engineer and install a solar array for agricultural purposes. This represents yet another example of how implementation of renewable energy can increase profits for businesses across America when adequate financing and incentives are in place.
Michael Forster, Power-Save Energy Company CEO also stated, "We will certainly take this system, and the way it was funded and market aggressively to farmers across America. This solar system combined with creative applications for funding makes so much sense for the Agricultural Community that we at Power-Save feel very strongly that this may become another growth aspect of the solar business."
Source - Solar Daily
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