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Energy Tech Company Helps Bowling Alley Pocket A Big Check
Mission Viejo CA (SPX) Dec 04, 2007 New Millennium Power, Inc. president H.D. Boesch doesn't bowl. But when Mickey Cogan became concerned over the increasing cost of running his California bowling alley, Mr. Boesch stepped up to the line. Over the course of three months, this provider of solar power equipment designed and installed 768 solar panels, nearly 11,000 square-feet of energy capture, earning Mr. Cogan $660,000 in rebates and tax credits. During the summers when daylight hours are longest, Mr. Boesch's client will pocket up to $4,000 in savings per month. New Millennium Power helped Mr. Cogan design a system for his specific needs, coordinating a $350,000 California rebate, a $60,000 state tax credit and another $259,000 in federal tax credits. The solar panel system has no moving parts, and with a life expectancy of 50 years, boosts the property's value without adding to the property tax. "The solar power equipment is situated between the utilities' meter and the main breaker," said Mr. Boesch, "so there's no need to touch the building's existing electrical system." The bowling center is located in Torrance, California, an area so sunny that on many days, the solar panels produce more than enough electricity to power the 38,000-square-feet building. On these days, the building is powered by the solar system. If there is a shortfall, the public utility supplies the balance. But when the solar system produces more than the building requires, excess electricity is fed back into the grid, and Mr. Cogan earns credit. To help Mr. Cogan tackle his skyrocketing utility bill, New Millennium started by performing a painstaking energy audit, examining the daily consumption over the course of one year. Next, the company conducted a detailed site analysis to determine the optimum installation -- highest efficiency on the given limited space. New Millennium also helped Mr. Cogan select the right state, and federal tax incentives, as well as the Pilot Performance rebate program offered in 2006 to ensure a pay-back of less than 4 years. Mr. Cogan opted for a solar power system for their financial benefit. And of course, helping the environment is an added benefit. But next summer, when his neighbors are seeing red, Mr. Cogan will open his utility bill and see the green. Related Links New Millennium Power All About Solar Energy at SolarDaily.com
Japan's Sharp sees bright future for solar power
Tokyo (AFP) Nov 29, 2007Japan's Sharp Corp. announced Thursday a 200-million-dollar investment in solar cells as manufacturers compete for a slice of the burgeoning market for alternative energy products. |
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