Mass Megawatts News
Mass Megawatts Wind Power, Inc. Announces Solar Market Entry with Patent Pending Low-Cost, Solar Tracking System Bringing a Projected 3.5 year Payback for Millions of Consumers Located in States with High Electric Prices
WORCESTER, Mass., August 1, 2013 /Accesswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today 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. 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.
Recently, in other news, the company began offering discounted, electric power at competitive rates to commercial and residential electricity users in several states, launched a no obligation energy evaluation program in June 2013, and nearly completed its first unit of a new farm based wind system with only five moving parts near Denver, Colorado.
With its patent pending, Solar Tracking System, Wind Electric Power Generation system, a new retail sales business, only 27 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.
Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com