TUCSON, Ariz., Aug. 27, 2015 /PRNewswire/ -- ABCO Energy, Inc. (OTCQB Markets – Symbol "ABCE") announces the highest backlog of commercial and residential solar installation work in the history of the Company. With substantial commercial financing available, ABCO has been able to secure contracts that will carry the Company through the 2015 year with profitable work.
On July 2, 2015 ABCO signed a solar electric system installation contract to construct solar projects on four commercial locations in Arizona for an organization that owns several self-storage facilities in Arizona and California. This contract totals $1,200,000 and is fully funded. The installation work is just beginning and all projects should be completed before December 31, 2015.
On August 15, 2015 ABCO entered into a contract to build nine commercial solar electric facilities for a group of medical offices organized as a condominium association. The solar arrays, to be installed on carport shade structures, will provide 100 % of the electric needs of the owner's offices for more than 25 years. The combined sales price of the nine projects totals nearly $275,000. For tax reasons, all of this project will be completed during 2015.
ABCO has several residential contracts signed and under construction totaling over $350,000 as of August 15, 2015. This group of contracts is the remainder of more than $660,000 in residential contracts signed in the first six months of 2015. These contracts will be completed in the remaining four months of this fiscal year.
"The total of the contracts currently signed is in excess of $1,825,000 and more projects have been submitted for financing. This backlog exceeds our 2014 sales, and is expected to grow before our fiscal year ending this December 31st ," says Charles O'Dowd, President. "We believe we are on our way to a record year for ABCO Energy and this is especially rewarding since we have just recently been approved for trading on the OTCQB."
ABCO Energy Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, installation of LED and energy conservation lighting systems and a provider of electrical services in their markets. ABCO has offices in Tucson, Phoenix and Flagstaff, Arizona. ABCO provides products and services to residential, commercial, government and non-profit entities in all of their markets.
Safe Harbor Statement
Note: Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
SOURCE ABCO Energy, Inc.