The project is being developed under the Solar Massachusetts Renewable Target (SMART) incentive program
Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has been awarded an engineering, procurement and construction contract to develop a 370kW ground mount solar system for multi-unit residential project in a Massachusetts suburb located outside of Boston. The project is being developed under the Solar Massachusetts Renewable Target (SMART) incentive program.
Sunworks’ Chief Executive Officer, Chuck Cargile said, “This is an important win for Sunworks as we continue to win projects in the north east. This project represents the largest residential solar project in the State of Massachusetts under the SMART initiative to date, providing Sunworks a significant opportunity to solidify its position in this important and growing market. With the incentives in place the developer will offset 100% of the energy required for operations and realize a savings of more than $1.8 million over the life the project. We anticipate generating more than $750,000 in revenue over the life-time of the project with engineering and construction commencing in the current quarter.”
Source: Company Press Release