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Mass Megawatts Solar Tracker Continues to Reduce Electric Prices with Two Recent Developments
Mass Megawatts Solar Tracker Continues to Reduce Electric Prices with Two Recent Developments.
About this update from Mass Megawatts Wind Power, Inc.
[{"type":"text","content":"\n BOSTON, MA, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) has continued to make progress toward reducing the cost of solar powered electricity with two recent developments. It would improve the cost reduction of electricity with the Mass Megawatts’ solar tracker which increases power output by 30 percent for less than 10 percent additional cost.  One development is the availability of ultra-white paint using barium sulfate particles developed by researchers at Purdue University.  The paint can be used on a roof of a solar units with solar tracking placed on rooftops with the purpose of reflecting energy producing light on the backside of solar panels with two sides.  The two-sided (two faced) panels are known as bifacial solar panels within the industry. The paint is more than 98 percent reflective. It is an improvement from the best paint on the market being about 85% reflective. The other development is a decision earlier this week by the U. S. Court of International Trade to re-instate the exclusion of two faced or bifacial solar panels from the recently lowered 15% Section 201 tariffs of solar panels imported primarily from Asia.  Earlier this month, Mass Megawatts announced a 160kW kW project using the patent pending solar tracker taking advantage of the finance incentives of developing on a brownfield area or location with environmental challenges. Although this project is outside the designated opportunity zone which would also provide incentives for low-income communities, larger projects are being planned in the same neighborhood that are inside in geographical location designated as an opportunity zone. Those projects would take advantage of government incentives for selling to low-income electric users. Most importantly, the use of virtual net metering protects the finance interest of the project by having the actual project at a different location than the residence of the low-income customer. If the electricity user cannot pay the electric bill, it would be easier to redesignate another user for maintaining the revenue stream of that solar power unit. The project is projected to have a pay for itself in about three to four years based on Massachusetts electric prices with current federal and state incentives. The 160-kilowatt project is designed to be...