Striving in a Tough Economy

DJH Construction, Inc. has delivered a proposal to a orange county non-profit organization for the installation of a 570 kW solar photovoltaic system. The proposal valued at over $ 4.5 million dollars, will reduce the customers utility usage by 30%, producing over 871,977 kWh's a year. The project is said to have the potential to be one of the larger solar installations in Laguna Hills, CA. DJH Construction, Inc. is in talks with investors and Power Purchase Agreement companies that would possibly help provide the necessary financing to help this community go GREEN. Because the host customer is a non-profit, both entities are researching for investors to partner up with and provide the necessary financing to bring this project to fruition. Don Harris, President and CEO of DJH Construction, Inc. was quoted saying," The opportunities are there to make these deals come together, but where's the financing?. We have the ability to create jobs and yet we are still wondering why the banks will not see the value in these types of projects where the customer wants to save money, help the environment, and is spending the money on high cost energy already." A 4.5 million dollar installation would quality for a 1.5 million dollar grant and be eligible for almost 1 million dollars in rebate incentive from the utility as well as it would be eligible for accelerated depreciation with a 50% bonus in the first year. These type of incentive are wonderful to make deals happen if the financing can leak out of the banks vaults.