ABCO Energy Inc. (ABCE)

[TheLastOneSitting]

8-9-18 ABCE $1,000,000 contract news!

ABCO ENERGY ANNOUNCES A MILLION DOLLAR CONTRACT
ABCO Energy, Inc, (OTC PINK: ABCE) August 8, 2018, Tucson, Arizona, announced that they have signed a $950,000 commercial solar project and anticipate an additional $35,000 commercial lighting contract on the same facility with ABCO crews providing all construction. The project is on a 72-unit apartment complex and will consist of both roof top and car park shade structures. The owners will enjoy approximately $80,946 from the solar electric generation plant and $15,981 first year savings from the LED lighting project, for a total first year savings of approximately $96,927. In addition, the federal and state tax credits totaling $310,000 will further increase the owner’s return on investment. Over a period of 25 years, this project is expected to provide cost reduction for the customer in excess of $3,445,000. “Coupled with our first seven months of sales and booked backlog of over $1,500,000, ABCO’s anticipated sales booked for the year already exceeds $2,500,000”, said Charles O’Dowd, President of ABCO Energy. “With this large backlog of signed commercial and residential solar projects and several quoted projects in the pipeline at this time, we are hopeful for a record year in sales and profits”.

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