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

In Tennessee, music is being made deep below Earth's surface

Mar 21, 2018

MCMINNVILLE, Tenn. — By the time Nashville songwriter Travis Meadows took the stage on a recent Sunday afternoon, more than 500 music fans had found their way 333 feet (100 meters) below the ground, some taller guests ducking their heads just a bit. They took their seats in lounge chairs and on a handful of rock outcroppings beneath an antique chandelier that once adorned a New York City theater. The enormous light is now bolted into the ceiling of the Volcano Room inside Tennessee's Cumberland Caverns. "The patrons and performers are all sort of awed by this magical and majestic...

Wreckage of ship blown apart in WWII found, offering closure

Mar 21, 2018

JUNEAU, Alaska — The recent discovery of the USS Juneau in the depths of the South Pacific has provided some closure to people with connections to the ship, which was blown apart during World War II. Hundreds died, including the five Sullivan brothers from Waterloo, Iowa, whose story was chronicled in a 1944 movie. An expedition backed by Microsoft co-founder and philanthropist Paul Allen reported finding the wreckage over the weekend. David Reams, senior director of maritime operations for Allen, said the team's primary aim was to find the USS Lexington, which it reported finding earlier this month more than...

Weinstein Co.'s bankruptcy could bring new wave of accusers

Mar 21, 2018

LOS ANGELES — Is #MeToo part two on the way? With its bankruptcy, the Weinstein Co. has tossed out the non-disclosure agreements that officials say its co-founder and former CEO Harvey Weinstein wielded as a weapon in his sexual predation, bringing with it the possibility of a whole new wave of victims coming forward. Bankruptcy filings are normally shrouded in the jargon of finance, but on this point the movie and TV studio was clear: "Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers," a Weinstein Co. statement said....

Judge grants initial motions in Weinstein Co. bankruptcy

Mar 21, 2018

DOVER, Del. — A Delaware bankruptcy judge on Tuesday issued initial orders allowing the Weinstein Co. to continue paying its bills and working toward a sale of substantially all of its assets. Judge Mary Walrath's rulings include interim approval for the company to borrow up to $25 million to see it through bankruptcy, but only after she expressed concern about the loan terms in the face of a competing financing proposal. After lengthy arguments by attorneys, Union Bank, the Weinstein Co.'s major existing lender and primary secured creditor, agreed to reduce the amount of upfront fees it was seeking to...

Nielsens illustrate the popularity of political shows

Mar 21, 2018

NEW YORK — After Shepard Smith set off some internal Fox News Channel bickering over his description of "entertaining" opinion programming, a glance at the cable television rankings reveals the extent to which political talk has become a pastime for millions of Americans. The Nielsen company said 26 of the 40 most-watched programs on cable television last week were political shows on Fox News or MSNBC, including each weeknight telecast by Rachel Maddow, Sean Hannity and Lawrence O'Donnell. Seven were telecasts of games from opening week of the NCAA men's college basketball tournament and four were professional wrestling. Only three...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases