PENNINGTON, N.J., April 12, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer of proprietary high-powered solar energy systems, today announced that it has obtained requisite financing and all applicable rebates for the solar electric system to be installed at Valley Car Wash, Inc. of Van Nuys, California.
Construction will begin within weeks on the $676,000 project. Located on Van Nuys Boulevard in the heart of the San Fernando Valley, the rooftop photovoltaic (PV) installation will substantially reduce the car wash's electrical costs. Valley recently received approval of a 42% rebate of the full installation cost by Southern California Gas Company through the California Public Utilities Commission's Self Generation Incentive Program (SGIP).
"Car washes are just one of the many new applications that are perfect for our solar energy systems. Having a flat roof and requiring high amounts of power for its water pumping needs, Valley Car Wash can immediately benefit from WorldWater & Power's applications," said Quentin T. Kelly, Chairman. "When you consider that state and federal rebates pay for nearly half the installation cost, that monthly savings on electricity are quite attractive, and that customers increasingly support businesses that use clean energy, putting in solar power is a very smart business decision."
About WorldWater & Power Corp:
WorldWater & Power Corporation is a leader in solar electric engineering, water management solutions, solar energy installations and products. Its solar technology is at work in over 20 countries around the world. In the US, it provides solar electric, water pumping and purification technology to agribusinesses, industries, schools, communities, homeowners and emergency responders. The company is responsible for major breakthroughs in solar power technology and holds numerous solar-related patents.
For more information about WorldWater & Power Corp., visit their website at www.worldwater.com.
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