Sky Power Solutions Corp., a company that engages in developing rechargeable lithium-ion batteries for power production in the United States, has recently announced that its Sky Power system has qualified for incentives from the French Government for solar, renewable energy installation.
Consumers who install the Sky Power system in France can get a 50% government tax credit, potential eligibility for a grant, a loan free of interest, and a possible modest tax- free annual income. A “tax credit” means that, even though you may not pay an income tax in France, the French government will provide you with a sum equivalent to that in cash.
All of this is resulting from a major drive by the French government to raise the amount of renewable energy that is produced each year to comply with EU objectives.
The resale of electricity into the electric grid in France from photovoltaic solar panels has been made available to homeowners since 2006, although until recently the income realized from it was subject to income tax. Provided that the power that is produced does not exceed 3kwh, the income that is received is no longer charged with income tax. The amount of income that could potentially be generated each year is EUR 1500/ EUR 2000 for a 3KW system. “The French government has provided great incentives for homeowners who install the Sky Power system making the time to recover the cost of the unit very short, meaning your Sky Power system becomes a source of extra tax fee income,” says Rich Ralston, PR and Media Manager for Sky Power Solutions.
France utilizes Feed-in-Tariffs for the rates that solar users are paid for the electric power that they sell to the grid. The rates range from: EUR 0.34 to EUR 0.58/KWh, all depending on how the system is integrated. Feed-in-Tariff rates are much higher than the rate that electric power is sold by the utility to residential customers.
The Sky Power system is being developed at the R&D facilities of Li-ion Motors Corp., utilizing the same team that has led the winning 2010 X-Prize for Li-ion Motors in a side-by-side competition by reaching an impressive 187MPGe with their WAVE II fully electric car. Taking advantage of the lessons learned in the development process of one of the most efficient cars to date, Sky Power Solutions has harnessed the mind power to further develop Sky Power, Stand Alone, Residential, Solar Concentrating, Electric Generation system.
The Sky Power Solutions residential solar power station will potentially be able to reduce the average user’s monthly electric grid consumption by up to 30-40% with ZERO emissions and ZERO carbon footprint; utilizing only the Sun’s power. With immense visual appeal, the Sky Power Solutions system can be very easily installed in most backyards, taking up less than one-third of the space that conventional Solar panels take up. The entry-level price point for a Sky Power Solutions-Concentrated Solar electric system has been estimated to be $5,000 at its release. Numerous units can be combined for increased capacity and the amount of electricity that is sold to the grid.
For more information on Sky Power Solutions Corp., visit their website at http://www.skypowersolutions.com
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