Mass Megawatts Solar Tracking System’s (OTC:MMMW) Most Expensive Item is Exempt from Tariff (at least temporarily) Boosting Anticipated Initial Sales Having 60% Power Output Improvement
WORCESTER, Mass., December 26,2019 — Mass Megawatts Wind Power Inc. (OTC:MMMW) announces a cost reduction in their initial solar tracker units due to the tariff exemption ( at least temporarily) on a specific solar panel technology that accepts solar energy from both sides of the panel. The exclusion from the current 25% Section 201 tariff was a fair and reasonable solution to the problem of domestic solar module supply shortages of this specific type of module. The current 25% tariff on most other solar modules is being reduced to 20% in January 2020.
Mass Megawatts is using a new Solar Tracking technology with more electric cost savings for its customers in comparison to stationary solar units without trackers. The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production while and at the same time reduce material and installation costs. The solar trackers units are anticipated to cost less than seven percent more on a given solar project while producing more than 60 percent electricity. Without the tariff exemption, the solar project is projected to cost 15% more than a comparable stationary unit.
The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to automatically adjust the position of solar panels throughout the day to receive an optimal-level of direct sunlight. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while also improving energy production levels. The STS also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather, in order to reduce wind-related stresses and system downtime. 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.
Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and the e-mail address on the web site.
This press release contains forward-looking statements that could be affected by risks and uncertainties. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power.
Contact:
Mass Megawatts Wind Power, Inc.
info@massmegawatts.com
www.massmegawatts.com
