SOURCE: Renewable Energy and Power, Inc.

Renewable Energy and Power, Inc.

November 15, 2017 08:30 ET

Renewable Energy and Power, Inc., Establishes Dedicated Sales Program to Participate in Multiple State Incentive Programs for Energy Efficient Retrofits

NORTH LAS VEGAS, NV--(Marketwired - Nov 15, 2017) - Renewable Energy and Power, Inc. (OTC PINK: RBNW), a diversified corporation with markets in energy-saving technologies of LED lighting, solar and wind energy, has implemented a dedicated sales program to concentrate on working with contractors and end-users to take advantage of state programs designed to assist in financing retrofits to energy efficient lighting. Renewable Energy and Power, Inc.'s LED Lites USA division will be overseeing the program that will approach both contractors and end-users directly in all states that have such incentives.

"These 'on-bill' state programs allow customers to retrofit their home and business facilities with the most up-to-date and efficient lighting at no cost to themselves," pointed out company CEO Donald MacIntyre. "The programs are some of the most effective government has ever implemented. By allowing users to make the switch to LED lighting at no cost to themselves, the lowered demands on energy production are huge, resulting in less pollution and need for infrastructure in the long run, greatly benefiting the environment."

California's program is overseen by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) and is named the California Hub for Energy Efficiency Financing (CHEEF). Through an approved contractor, the end-user proposes a retrofit of a home or business to LED lighting. The project is evaluated with an eye to the monthly cost savings on the end-user's utility bill. Once approved, the program provides the financing for the project with the no-interest monthly repayments slightly lower than the end-user's previous monthly bill. The end-user actually lowers his utility bill while enjoying all the improvement of new LED lighting. Once the loan is repaid, the end user enjoys an even lower utility bill on into the future. And there are immediate additional savings in lower cooling bills due to the lower heat generated by LED lighting.

Renewable Energy and Power, Inc.'s website, www.reappower.com, illustrates the important services and products Renewable Energy and Power, Inc. (REAP) provides to the Green Energy market to make it competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind-power electric generation and LED lighting. REAP functions in both domestic and international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including many tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by REAP.

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