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

Latest News

Drought-stricken Cape Town tightens water restrictions

Jan 18, 2018

JOHANNESBURG — The South African city of Cape Town announced new water restrictions Thursday to combat drought, saying it was looking more likely that it will have to turn off most taps on "Day Zero," or April 21. Mayor Patricia de Lille said 60 percent of residents are "callously" using more than the current limit and that the city will fine households that use too much water. "We have reached a point of no return," she said. Residents must use no more than 50 liters of water daily beginning Feb. 1, down from 87 liters currently. Cape Town, a major...

Egypt, Eritrea leaders meet as Nile tensions rise

Jan 18, 2018

CAIRO — Egypt's president and his Eritrean counterpart met in Cairo on Monday amid heightened tensions with Sudan and Ethiopia over border disputes and the construction of a massive upstream Nile dam. Egypt fears the soon-to-be completed dam in Ethiopia could cut into its share of the river, which provides nearly all its freshwater. Eritrea and Ethiopia have long been bitter rivals and went to war in the late 1990s. Ethiopia denies it is cutting into Egypt's share of the Nile, and has accused Eritrea of training rebels to carry out sabotage attacks on the dam. Egyptian President Abdel-Fattah el-Sissi...

Japanese climber, South African guide die on Table Mountain

Jan 18, 2018

JOHANNESBURG — In a dramatic overnight operation, emergency responders early Tuesday descended on ropes from a cable car on South Africa's Table Mountain to recover the bodies of two male climbers, including a Japanese citizen, who died after falling from a cliff. A female Japanese climber injured in the fall was rescued late Monday. The iconic, rugged mountain overlooking Cape Town is a major tourist destination and the occasional scene of search and rescue operations because of hiking or climbing mishaps, but the effort to help the trio of climbers was among the more complex. Hundreds of tourists were stranded...

Egypt reopens ancient library in Sinai after renovations

Jan 18, 2018

ST. CATHERINE'S, Egypt — Egypt reopened on Saturday an ancient library which holds thousands of centuries-old religious and historical manuscripts at the famed St. Catherine Monastery, a UNESCO World Heritage site, in South Sinai. The inauguration ceremony, attended by Egyptian and western officials, comes after three years of restoration work on the eastern side of the library that houses the world's second largest collection of early codices and manuscripts, outnumbered only by the Vatican Library, according to Monk Damyanos, the monastery's archbishop. "The library is now open to the public and scholars," said Tony Kazamias, an adviser to the archbishop,...

Archaeologists discover 2 ancient tombs in Egypt's Luxor

Jan 18, 2018

LUXOR, Egypt — Egypt on Saturday announced the discovery of two small ancient tombs in the southern city Luxor dating back some 3,500 years and hoped it will help the country's efforts to revive its ailing tourism sector. The tombs, located on the west bank of the river Nile in a cemetery for noblemen and top officials, are the latest discovery in the city famed for its temples and tombs spanning different dynasties of ancient Egyptian history. "It's truly an exceptional day," Antiquities Minister Khaled al-Anani said. "The 18th dynasty private tombs were already known. But it's the first time...

About Us

Delivering news from all over the globe, StarJournal keeps you abreast with the greatest minds in science, be it researchers, theorists or even popularizers.

Contact us: sales@starjournals.com

Subscribe Now!