POWER MANAGEMENT INSTALLS SOLAR PV SYSTEM AT PREMIUM MORTGAGE CORPORATION

Premium Mortgage completes a 16 kW solar project in Rochester, NY, which supports their dedication to reducing carbon footprint and controlling energy costs.

Victor , United States - January 13, 2018 /PressCable/ —

Premium Mortgage completes a 16 kW solar project in Rochester, NY, which supports their dedication to reducing carbon footprint and controlling energy costs.

Rochester, NY – Premium Mortgage is a leading local mortgage lender that prides itself on providing personalized attention to all of its clients in order to find a loan program tailored to individual circumstances and needs. In an effort to gain control of its energy costs and provide long-term price certainty, Premium Mortgage contracted Power Management to install a 16 kW solar PV system on the rooftop of their building; making the project Brighton’s 1st commercial solar PV system.

Power Management developed a solar project for Premium Mortgage that addressed Premium’s desire to have more control over the energy expenses of their building while practicing sustainability. After evaluating various options, it was determined that non-penetrating ballast roof mounted panels were the best fit for the building’s roof space.

“While we could have deployed our capital to generate greater returns, I personally feel obligated to set examples for others in securing our environmental future. Renewable energy is the foundation on which our economy will rise.” -Mike Donoghue, President, Premium Mortgage

Premium Mortgage’s decision to pursue this solar project has both environmental and financial benefits. Once complete, the project will generate approximately 55% of the electricity consumption within the building’s effective space each year. This solar PV system will produce 384,622 kWh over the 25-year warrantied life, offsetting 210,915 lbs. of CO2; equivalent to planting over 9,000 trees or the reduction of 269,025 miles driven by a compact car. Power Management secured $16,000 in NYSERDA Rebates for this project. In addition, Premium Mortgage will receive a 30% federal Investment Tax Credit, currently available for all solar projects in the U.S installed by 2021, and will benefit from the accelerated depreciation of the system over five years. The value of the solar energy generated will provide a savings of 70% over the anticipated market rate throughout the 25-year life of the system, and will have a six to seven year payback.

“Premium Mortgage has taken advantage of solar PV and generated clean, green electricity that provides a low-cost, long-term energy price hedging strategy that outperforms traditional power sources. They truly lead by example, devoting resources that aid in carbon reduction and supporting a sustainable cause while improving their bottom line.” -Michael Hedges, Director of Business Development, Power Management

About Premium Mortgage

Premium Mortgage has been a premier loan provider in the Rochester area for the past 15 years. Since their inception in 2000, Premium has expanded their reach by opening multiple offices throughout New York State and one office in Vermont. Excellent customer service and unparalleled industry knowledge were the two primary goals which Premium Mortgage was built from and those principles continue to be the foundation from which the business grows. www.PremiumMortgage.com

About Power Management Company

Power Management provides energy management and sustainability services to a diversified customer base. Founded in 1997, Power Management currently manages over 22,000 commercial and industrial utility meters throughout North America, taking energy management to a higher level through a comprehensive process that includes research, recommendation and implementation. To learn more about Power Management and how solar can benefit you, contact Joanne Sinopoli at (585) 249-1360 or go to http://powermgt.com.

Contact Info:
Name: Joanne Sinopoli
Organization: Power Management Company
Address: 1600 Moseley Road , Victor , NY 14564 , United States
Phone: +1-585-249-1360

For more information, please visit http://powermgt.com

Source: PressCable

Release ID: 287029

More Press Releases

Puerto Rico finances under scrutiny amid plea for help

Jan 20, 2018

SAN JUAN, Puerto Rico — Top financial officials in Puerto Rico offered a peek Friday into why the U.S. territory is mired in an 11-year recession as a federal control board demanded more transparency and information about the island's finances. Officials said that for decades, the number of government bank accounts was unclear, public agencies used one of four different accounting systems, and government vendors charged more for services when not paid, among other issues. The testimony they provided during a public hearing held by the board comes as Puerto Rico's government continues to insist that it is running out...

Stocks rise despite looming US government closure

Jan 20, 2018

HONG KONG — Stock markets rose Friday as investors looked past the threat of a U.S. federal government shutdown and focused on a strong underlying economy. The price of oil fell on a report saying U.S. production is set to rise further above 50-year highs. KEEPING SCORE: Germany's DAX was up 1.1 percent to 13,424 and France's CAC 40 rose 0.5 percent to 5,521. Britain's FTSE 100 gained a more modest 0.3 percent to 7,720 after data showed retail sales fell sharply in the holiday spending month of December. Wall Street was poised to open higher: Dow futures added 0.3...

Asian shares mixed as US government shutdown threat looms

Jan 20, 2018

HONG KONG — Asian stock markets were uneven and the dollar fell on Friday following Wall Street's retreat as the threat of a U.S. federal government shutdown loomed on the weekend. KEEPING SCORE: Japan's benchmark Nikkei 225 climbed 0.3 percent to 23,836.84 and South Korea's Kospi was flat at 2,517.19. Hong Kong's Hang Seng rose 0.2 percent to 32,188.11 while the Shanghai Composite in mainland China rose 0.4 percent to 3,488.87. Australia's S&P/ASX 200 dipped 0.1 percent to 6,010.00. Shares were mixed in Southeast Asia. SHUTDOWN: U.S. politicians were scrambling to avert a possible federal government shutdown before a midnight...

Venezuela talks stalled over remark on slain rebel policeman

Jan 20, 2018

CARACAS, Venezuela — A top official's claim that Venezuelan opposition leaders helped reveal the hideout of a rebel police officer who was later killed by security forces stalled talks Thursday on resolving the country's deep political and economic crisis. Opposition politician Luis Florido said representatives would not be at negotiations in the Dominican Republic and are demanding an explanation of the comments by Interior Minister Nestor Reverol. "Reverol lied to the Venezuelans," Florido tweeted. "His statements hamper the meeting." Florido did not say when talks may resume, and there was no immediate comment from government officials. Reverol said in a...

Global stocks mostly higher on strong Chinese growth

Jan 20, 2018

TOKYO — Global stocks mostly rose on Thursday after China reported that its economy expanded at a robust 6.9 percent annual pace in 2017. KEEPING SCORE: Germany's DAX rose 0.3 percent to 13,223 while France's CAC 40 edged up less than 0.1 percent to 5,493. Britain's FTSE 100, however, lost 0.4 percent to 7,691. Wall Street was set to open largely flat after some indexes hit another record high. Both Dow and S&P 500 futures were roughly unchanged. CHINA FACTOR: China's economy expanded at a 6.9 percent pace in 2017, faster than expected and the first annual increase in seven...

Subscribe to our newsletter!

Your Name

Your Email Address