Arista Power, Inc. ("Arista
Power" or the "Company") ASPW has received an order valued at
$574,000 for a 166kW solar photovoltaic (PV) array from Stan's Harley-Davidson
dealership in Batavia, New York.
Stan's Harley-Davidson is a second generation retail and service dealership
occupying a 28,000 square foot facility on the north side of Batavia, New
York. The solar system will be comprised of more than 600 American-made solar
panels mounted on the storefront's roof. The 166kW system will be tied into
the building's existing electrical service and will be interconnected to
National Grid's transmission lines.
The solar photovoltaic array is projected to generate 100% of Stan's current
annual consumption of electricity and will provide a payback of just over
seven years after taking in account New York State and Federal incentives.
Arista Power expects to install the solar PV array in the first half of the
fourth quarter of 2013.
Darryl Horzempa, President and Owner of Stan's Harley-Davidson, said "Now is
the time for us to invest into the solar market, especially with all of the
tax credits and incentives available for New York businesses. We have focused
on reducing our power consumption to a point where this 166kW solar PV system
will generate all of our electricity needed on a yearly basis." Mr. Horzempa
continued, "Making this investment in solar will fix our energy costs moving
forward, and help better plan for future generations in our family business.
This solar PV array is one of the centerpieces of our sustainability
initiative, along with our environmental outlook and recycling programs."
"This order from Stan's Harley-Davidson demonstrates the value we can provide
to commercial customers by tailoring our suite of renewal energy solutions to
meet the specific needs of each customer based on their individual energy
usage profiles," said Mark Matthews, President of Arista Power. "From
stand-alone solar energy systems to the integration of solar and/or wind
energy with our patent-pending Power on Demand peak demand shaving system, we
believe that our capabilities to create and implement a wide range of
customer-specific renewable-based energy saving solutions for residential,
commercial and military applications differentiates Arista Power and will lead
to more successes going forward."
About Arista Power, Inc.
Arista Power, Inc. is a developer, manufacturer, and supplier of
custom-designed power management systems, renewable energy storage systems,
and a supplier and designer of solar energy systems. Arista Power's
patent-pending Power on Demand system utilizes inputs from multiple energy
sources including wind, solar, fuel cells, and the grid, in conjunction with a
custom-designed battery storage system and a proprietary smart monitoring
technology that releases energy at optimal times to reduce peak power demand,
thereby lowering electricity costs for large energy users who deal with peak
usage pricing. Arista Power also sells a Mobile Renewable Power Station (MRPS)
that utilizes energy generated from wind, solar PV, generators, fuel cells and
other energy-generating devices that is stored in an integrated onboard
storage device for military and other applications, and a stationary, scalable
Renewable Power Station (RPS) that can be drop-shipped to off-grid locations
to be used as a micro-grid. For more information on Arista Power, visit the
Company's website at www.AristaPower.com.
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