Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL | PowerRating), a leading provider of solar power technology and solar integration systems, announced that it has re-signed a commercial solar installation contract with Long Life Farms in Thermal, California.
The IIDU has changed it's solar incentive plan from a one time lump sum payment to a monthly performance based payment spread over 5 years. Due to this change, Sunvalley successfully renegotiated the contracts with Long Life Farm. The new incentive plan, offers Long Life Farm better terms, payment structure and tax benefits.
The new 148.58 Kilowatt solar power systems comprised of 1,564 solar panels from Tianwei Solarfilms and one 100KW plus one 35KW solar inverter from PV Powered. The total contracted value is approximately $680,496. The contract is supported by ~$325K of solar incentive rebates from the local utility company and ~$204K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 254,784 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
The installation for Long Life Farms will begin in early 2011.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment