Jul 13 2010
Power-Save Energy Company, a leading business engaged in green energy and energy efficient products, has announced the signing of an agreement with California Power Save to provide total photovoltaic erecting equipments required for setting up of a solar-powered agricultural water pump system in Shasta region of California.
The contract valued around $194,423.00 for erecting 32.725 kW solar arrays will be performed by CA Power Save using the solar equipments supplied by Power-Save Energy Co. This project is expected to improve the potential of Power-Save Energy Co in handling bigger sized projects.
The current agricultural installation venture includes an agricultural funding of $48,500.00, a federal tax grant of $55,000.00 and a discount of $26,000.00 from Pacific Gas and Electric. The installation of the solar-powered pump will allow the customer to save about $10,000.00 per year on expenses incurred on electric power for pumping water and will allow the customer to retrieve the investment made on solar installation within a span of seven years.
The proprietor of CA Power-Save, Chris Frye said the current opportunity will allow CA Power-Save to plan, develop and set up a solar array exclusively to meet the requirements of agriculture. He added that the project comprehensively presents the facts about how an execution green energy product can bring in profits for the companies when adequate incentives and funds are made available.
The CEO of Power-Save Energy Company, Michael Forster unveiled their intention to participate in the well-funded system and promote it among the farmers. He further clarified how the current solar system funds inventively blends with the agricultural requirements and support the agriculturists and clarified how Power Save visualizes the opportunity as a growth prospect for solar industry.