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

Stocks have struggled in 2018. Bonds too. Oh, and gold.

Nov 16, 2018

NEW YORK — Even the most balanced investors have gotten knocked on their heels this year. Typically, spreading one's bets across several different types of investments has helped deliver steadier returns. When U.S. stocks slide, say, bonds and gold can hopefully help offset the losses. Or maybe stocks abroad will hold up better than their U.S. counterparts. Not so this year. U.S. stocks have endured some breathtaking drops the last several weeks, slicing the S&P 500's year-to-date return to 2.2 percent after including dividends. But markets in Germany, South Korea, Hong Kong and elsewhere are solidly in the red year...

FDA to crack down on menthol cigarettes, flavored vapes

Nov 16, 2018

NEW YORK — In a major new effort to curb smoking, a top U.S. health official pledged Thursday to try to ban menthol from regular cigarettes, outlaw flavors in all cigars and tighten rules governing the sale of most flavored versions of electronic cigarettes. The restrictions are aimed mainly at reducing smoking in kids: About half of teens who smoke cigarettes choose menthols, and flavored e-cigarettes have been blamed for a recent increase in teen vaping rates. "I will not allow a generation of children to become addicted to nicotine through e-cigarettes," Scott Gottlieb, commissioner of the Food and Drug...

Colombia opens camp for Venezuela migrants as exodus swells

Nov 16, 2018

BOGOTA, Colombia — Authorities in Colombia's capital have opened a camp for Venezuelan migrants as the number fleeing their nation's economic and humanitarian crisis continues to rise. Officials transported Venezuelans who had been camped outside a bus terminal in Bogota to a new space Tuesday where they will be allowed to stay in bright yellow tents with cots. Neighbors living near the new camp protested and tried to block Venezuelans from entering, saying they fear their arrival will spread crime and disease. Colombia has received an estimated 1.3 million Venezuelans, more than any other nation. Officials were initially reluctant to...

Asia shares gain ahead of key data; oil recovers

Nov 16, 2018

SINGAPORE — Asian markets were mostly higher on Monday ahead of key economic data, such as industrial production figures from China and Japan later in the week. KEEPING SCORE: Japan's Nikkei 225 added 0.2 percent to 22,284.23. Hong Kong's Hang Seng rose 0.5 percent to 25,716.59. The Shanghai Composite index edged 0.6 percent higher to 2,613.82. Australia's S&P-ASX 200 gained 0.1 percent to 5,925.80. But the Kospi in South Korea dipped 0.3 percent to 2,080.66. Shares rose in Thailand but were lower in Singapore, Indonesia and the Philippines. WALL STREET: Technology and internet stocks sank Friday on Chinese growth worries...

Global stocks, oil slip after Fed points to more rate hikes

Nov 16, 2018

BEIJING — Global stocks and the price of oil fell Friday after the U.S. Federal Reserve suggested it will keep raising interest rates, tightening the supply of money that has supported markets in recent years. KEEPING SCORE: Germany's DAX lost 0.7 percent to 11,442 and France's CAC 40 lost 1.1 percent to 5,077. London's FTSE shed 0.9 percent to 7,076. On Wall Street, the future for the Standard & Poor's 500 index was off 0.6 percent and that for the Dow Jones Industrial Average declined 0.5 percent. ASIA'S DAY: The Shanghai Composite Index lost 1.4 percent to 2,598.87 and Tokyo's...

Subscribe to our newsletter!

Your Name

Your Email Address