Power-Save Energy Company Announces Contract for Solar Powered Agriculture Pump System.
SAN LUIS OBISPO, Calif., July 7 /PRNewswire-FirstCall/ -- Power-Save Energy Company (OTC Bulletin Board: PWSV), an emerging leader in the renewable energy and energy efficiency products industry, announced today 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 of $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."
About Power-Save Energy Co.
Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone.
About California Power-Save
CA Power-Save is a solar integrator based in Sonoma County California. CA Power-Save is also an authorized distributor for Power-Save Energy Co. products.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Power-Save Energy Company
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article