Sunworks 1.06 MW Solar Project to be Completed for Demas Farms in 2017
Sunworks, Inc. (SUNW)
Last sunworks, inc. earnings: 10/31 07:07 am
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Source: Marketwire
ROSEVILLE, CA -- (Marketwired) -- 06/23/17 -- Sunworks, Inc. (NASDAQ: SUNW) , a leading provider of solar power solutions for agriculture, commercial, industrial (ACI), and residential markets, announced today a new project for a 1.06 megawatt (MW) solar system that will be constructed at Demas Farms in Winnemucca, Nevada. The installation is expected to generate energy savings in excess of $3.6 million over the next 25 years. Demas Farms, a prominent grower of alfalfa and hay, is seeking to lower energy costs as it expands its business operations. Since 2015, a series of policy changes and net metering reductions led to economic uncertainty for both consumers and solar installers throughout Nevada. While many companies ceased doing business in the state, Sunworks stayed and continued its expansion efforts, working at a grassroots level to affect changes in local solar regulations. This year, The Nevada state legislature passed a number of new laws re-establishing the momentum
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