02.26.15
New Energy Technologies, Inc. announced a financial payback period of under one year for its see-through SolarWindow™ technology, capable of generating electricity on glass windows. Quick payback is one of the most important financial considerations for renewable energy consumers, including building developers, architects, and engineers.
“No competing technology I’ve seen has ever recorded or published a payback period as fast and as financially compelling as our SolarWindow technology,” said John Conklin, president and CEO of New Energy Technologies, Inc. “This is a huge win for all our stakeholders – including future customers – and for the environment.”
According to first-ever financial modeling results released by the Company today, SolarWindow systems could achieve payback within one year. To produce the equivalent amount of power with conventional solar systems would require at least five to 11 years for payback and at least 10-12 acres of valuable urban land. In contrast, SolarWindow systems can be installed on available window glass on tall towers and skyscrapers.
“SolarWindow™ technology turns passive building windows into active power generators, producing the most exciting return on investment,” said Kenneth Schuckers, CPA, who has experience in helping companies understand the benefit of renewable energy and tax savings during his tenure at Grant Thornton, KPMG, Deloitte & Touche, and others.
When applied to windows on towers, New Energy’s modeling shows SolarWindow generating up to 50-times the power of conventional rooftop solar systems while delivering 15-times the environmental benefits. For example, a single SolarWindow installation can avoid the amount of carbon emissions produced by vehicles driving about 2.75 million miles per year, compared to 180,000 miles for conventional rooftop systems.
“No competing technology I’ve seen has ever recorded or published a payback period as fast and as financially compelling as our SolarWindow technology,” said John Conklin, president and CEO of New Energy Technologies, Inc. “This is a huge win for all our stakeholders – including future customers – and for the environment.”
According to first-ever financial modeling results released by the Company today, SolarWindow systems could achieve payback within one year. To produce the equivalent amount of power with conventional solar systems would require at least five to 11 years for payback and at least 10-12 acres of valuable urban land. In contrast, SolarWindow systems can be installed on available window glass on tall towers and skyscrapers.
“SolarWindow™ technology turns passive building windows into active power generators, producing the most exciting return on investment,” said Kenneth Schuckers, CPA, who has experience in helping companies understand the benefit of renewable energy and tax savings during his tenure at Grant Thornton, KPMG, Deloitte & Touche, and others.
When applied to windows on towers, New Energy’s modeling shows SolarWindow generating up to 50-times the power of conventional rooftop solar systems while delivering 15-times the environmental benefits. For example, a single SolarWindow installation can avoid the amount of carbon emissions produced by vehicles driving about 2.75 million miles per year, compared to 180,000 miles for conventional rooftop systems.