The project is a part of Pylon Finance - the project is described with the following points:
Vault takes 1% of withdrawal fee and 20% of performance to fund farm.
Third party contractors will be used to deploy 1MW+ Solar Farms.
Government incentives and economy of scale makes costs only $1/watt
Electricity is sold to Duke Energy (biggest electricity corporation on east coast) through “net metering”
Panels will last 30 years, and return 10%-15% APY.
In the future, other energy-related crypto projects may integrate Solarite with their project. Tether to real word asset and allows buy/sell of wattage market style.