ABCO Solar, Inc. August 14, 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.
ABCO Solar is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient lighting business, is a dealer for a solar powered air conditioning system. The Company plans to build out a network of operations in major cities in the USA to establish a national base of service operations centers. This combination of services, solar PV, solar HVAC systems and LED lighting provides the Company with a solid base in the growth markets of renewable energy applications. On July 1, 2018, we operated in Tucson, Arizona and provided installation and services to other cities from our Tucson offices. The Company plan is to expand to more locations in North America in the next year as funding becomes available.
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