PENNINGTON, N.J., May 19, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, today announced the signing of contracts with homeowners in New Jersey and California to build photovoltaic solar electric systems to power their residences in parallel with their present electric utility company. The contract value of the systems in New Jersey and California is $160,540.
"More and more homeowners are seeing the fundamental economic advantages of investing in our solar systems. Huge increases in natural gas prices and rising electric utility rates are driving the interest in solar. When a homeowner investigates all the benefits of solar energy -- including the rebate programs, tax benefits and the opportunity to earn energy credits -- he sees a smart investment with very attractive returns," said Quentin T. Kelly, Chairman of WorldWater & Power Corp.
New Jersey and California offer the highest rebates and incentives in the nation to residents who purchase solar energy systems.
About WorldWater & Power Corp.
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
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