IX Energy Holdings, Inc. (IXEH.OB) Announces Completion of Municipal Rooftop Solar System in Warwick, New York
Source: http://Blog.QualityStocks.net/?p=15573Posted on Wednesday, June 17th, 2009 | In Market Commentary, Small & Micro Cap
IX Energy Holdings, Inc., a renewable energy services company that designs, markets and develops solar power systems and other renewable energy solutions, recently announced the completion and full operation of a 20K-watt solar system on the rooftop of the town hall in Warwick, New York.
This state-of-the-art solar system, completely designed and installed by IX Energy, consists of 110 170-watt GE modules mounted on racks and one Solexia 3-phase inverter. Providing approximately 20K watts of clean electric power, the system includes a SolrenView data monitoring LCD monitor that allows the public to view the performance of the solar system and witness the solar energy being generated for the town hall.
Steven Hoffman, chief executive officer of IX Energy, stated, “We are pleased by the completion of this project, which is an extension of our plan to increase our efforts to deliver turnkey renewable energy solutions into the government sector and to help municipalities bring clean, green solar energy solutions to their cities.”
Michael Sweeton, the Town of Warwick supervisor, commented, “This system will meet the daily electricity needs of both the town hall and the Warwick senior center, saving the town about $8,000 per year in electric bills.” He continued, “The majority of the cost for installing the system came through a $100,000 grant from the New York State Energy Research and Development Authority. The town’s contribution was $70,000, and its anticipated payback on investment is less than nine years.”
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