WORCESTER, Mass., May 15 ,2015 /Accesswire/ — Mass Megawatts Wind Power, Inc. (OTCQB:MMMW) today announced that the company is developing two community solar projects in Massachusetts with independent investment groups raising funds who are familiar with the regulations related to Crowdfunding and Regulation A+. Mass Megawatts would develop and maintain the community solar power systems and the investors would receive the low-cost energy that’s produced over the life of the system. The crowdfunding investors could use the electricity themselves or sell the electricity to other electric users. The new rules and regulations available in the near future will make equity crowdfunding available to the investors of the community solar projects. Crowdfunding in the past had been used to raise funds for charitable donations in a similar manner of engaging an audience to market products. The generated solar-power is projected to be 10 to 20% below current utility prices.
There are many advantages realized with a community solar project, also known as a solar farm or solar garden. This includes providing a cost-effective way for residents and commercial electric users, who do not have a suitable location for solar power generation, to invest in solar energy. Investors also do not need to be concerned with installation, zoning issues, or maintenance concerns, as this is fully managed by Mass Megawatts.
Recently, Mass Megawatts announced modifications of its Solar-Power Tracking System (STS). The patent pending, STS is designed to increase solar energy production by approximately 25% for less than an estimated 7% additional cost as compared to stationary configuration. The company plans to implement this advanced technology in their Community Solar projects. Community Solar gardens provide attractive investment potential for residents and businesses across the country.
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.
With its patent pending, Solar Tracking System, Wind Electric Power Generation system, only approximately 62 million shares issued and outstanding and very little debt, 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.
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.
Community Solar information and sales inquiries can be made through the contact page at www.massmegawatts.com , the company’s website.