Mass Megawatts’ (MMMW) Brownfield Project to Receive Additional Benefits Under New Climate Bill

BOSTON, Mass., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Mass Megawatts (OTC:MMMW) www.massmegawatts.com is expected to receive an additional ten percent tax credit for its planned 160 kW project using the patent pending solar tracker under the Climate Bill recently passed by the United States Senate. Mass Megawatts can take advantage of the finance incentives of developing on a brownfield area or location with environmental challenges. Although this project is outside the designated opportunity zone which would also provide incentives for low-income communities, larger projects are being planned in the same neighborhood that are inside in geographical location designated as an opportunity zone. Those projects would take advantage of government incentives for selling to low-income electric users. Most importantly, the use of virtual net metering protects the finance interest of the project by having the actual project at a different location than the residence of the low-income customer. If the electricity user cannot pay the electric bill, it would be easier to redesignate another user for maintaining the revenue stream of that solar power unit.