SOURCE: SolarWorks NJ

 
 
Jan 21, 2009 13:00 ET

SolarWorks NJ Nears $100 Million in Sales

TURNERSVILLE, NJ--(Marketwire - January 21, 2009) - For SolarWorks NJ, 2009 is starting out very well. The 5-year-old company is closing in on $100,000,000 in their contracted pipeline. With the Renewable Energy friendly Obama administration upon us, the future looks rather sunny for the Turnersville, NJ firm.

According to the CEO, Steve Masapollo, "Our contracted revenue pipeline has grown substantially in the past few months. We are now seeking to put together an infrastructure that will enable us to execute these projects efficiently, on-time and within budget." The infrastructure includes equity partners that are knowledgeable in Renewable Energy projects and are not scared by a $7,000,000 to $30,000,000 investment.

These projects consist of solar energy farms, large buildings and homes throughout New Jersey. "There has been a great deal of interest in large solar energy arrays from farm owners and owners of industrial ground. These land owners have been looking for a profitable project where they can use their land with little risk, a good ROI and a decent payback time. There are also Land-Lease options," said Masapollo.

Presently, the company is working with large-scale users of energy with bills exceeding $5,000 per month. We can sell them energy at a 20% reduction from what they are now paying. Masapollo stated, "It's a no brainer for these companies, municipalities, schools, and churches. Why would you not want to save 20% on your electric bill with no capital expenditure?" This is not to be confused with a (PPA) Power Purchase Agreement which has a very small reduction in an entities electric bill.

SWNJ also provides lease/purchase options that allow an entity to cash flow from day one. There is also a possibility that an entity can have more immediate access to the 30% Federal Investment Tax Credit (FITC) proceeds.

About SolarWorks NJ -- SolarWorks NJ, LLC (SWNJ) is a premier, award-winning solar energy integrator with offices in Turnersville and Denville, New Jersey, Wilmington, Delaware and Pennsylvania. Founded in 2003, SWNJ provides full-service renewable energy solutions to residential, commercial and agricultural clients in the tri-state area. SWNJ designs, installs and finances solar energy systems. Ranked #1 by the prestigious Philadelphia 100 and the NJ "Top 25" for an unprecedented two consecutive years in a row. Recognized by NJ Biz Magazine as "Emerging Business of the Year." For more information please visit www.solarworksnj.com. SWNJ can be contacted at 866.456.SOLAR or info@solarworksnj.com.

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SolarWorks NJ
866.456.SOLAR
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