NEW YORK--(BUSINESS WIRE)--Clear Skies Holdings, Inc. (OTCBB:CSKH), a leading developer of solar energy products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic (PV) solar systems, today announced an agreement with Hawthorne Machinery to install a solar energy system at the company’s 25-acre headquarters in Rancho Bernardo, CA.
Under the agreement, Clear Skies will install a 159 kw solar photovoltaic (PV) system designed to offset the majority of buildings’ current energy usage charges. The contract price for the project is $1,281,800.
"This sale not only represents a major milestone for our company but also marks the beginning of a relationship with Hawthorne Machinery, a leader in providing heavy equipment to the construction industry,” said Ezra Green, chief executive officer and chairman of the Clear Skies Group. “As their company continues to grow, the Clear Skies Group will be able to provide cost-effective energy solutions that suit their changing needs.”
"Hawthorne Machinery will begin saving money the day the system is turned on,” added Green. “In addition, over the working life of the system, the costs will not increase beyond the initial purchase price. The skyrocketing costs of traditional energy sources, coupled with an abundance of available rebates, makes the benefits of going solar not only feasible, but a smart financial investment for companies.”
After federal tax credits and a performance-based incentive (PBI) from the California Solar Initiative (CSI), Hawthorne Machinery is expected to incur an effective purchase price of only 20% of the cost of the system.
Wednesday, January 16, 2008
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