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

Recent News

What's next for Paul Allen's big investments? It's not clear

Oct 20, 2018

SEATTLE — Prior to his death on Monday, billionaire Microsoft co-founder Paul Allen invested large sums in technology ventures, research projects and philanthropy, some of it eclectic and highly speculative. What happens to those commitments now? Outside of bland assurances from his investment company, no one seems quite sure. Allen died in Seattle from complications of non-Hodgkin's lymphoma, according to his company Vulcan Inc. He was 65. He never married and had no children, and details of his estate aren't known. Forbes recently estimated Allen's net worth at $20.3 billion. He used much of the money he made from Microsoft...

Treasury employee charged in leak linked to Mueller's probe

Oct 20, 2018

WASHINGTON — A Treasury Department employee was accused Wednesday of leaking confidential banking reports of suspects charged in special counsel Robert Mueller's investigation, and an unidentified high-ranking colleague was cited in court papers as a co-conspirator but was not charged. Natalie Mayflower Sours Edwards, a senior official at the department's Financial Crimes Enforcement Network, also known as FinCEN, is accused of leaking several confidential suspicious activity reports to a journalist, whose name was not disclosed in court papers. But the documents list about a dozen stories published by BuzzFeed News over the past year and a half. A spokesman for...

Paul Allen's passions: Rock n' roll, sports and philanthropy

Oct 20, 2018

SEATTLE — Personal computers, conservation, pro football, rock n' roll and rocket ships: Paul G. Allen couldn't have asked for a better way to spend, invest and donate the billions he reaped from co-founding Microsoft with childhood friend Bill Gates. Allen used the fortune he made from Microsoft — whose Windows operating system is found on most of the world's desktop computers — to invest in other ambitions, from tackling climate change and advancing brain research to finding innovative solutions to solve some of the world's biggest challenges. "If it has the potential to do good, then we should do...

Paul Allen, Microsoft co-founder and philanthropist, dies

Oct 20, 2018

SEATTLE — Paul G. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist, technology investor and owner of several professional sports teams, has died. He was 65. He died Monday in Seattle, according to his company Vulcan Inc. Earlier this month Allen announced that the non-Hodgkin's lymphoma that he was treated for in 2009 had returned and he planned to fight it aggressively. Gates said he was heartbroken about the loss of one of his "oldest and dearest friends." "Personal computing would not have existed without him," Gates said in a statement, adding that...

Microsoft co-founder, philanthropist Paul Allen dies at 65

Oct 20, 2018

SEATTLE — Paul G. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist who invested in conservation, space travel, arts and culture and professional sports, died Monday. He was 65. He died in Seattle from complications of non-Hodgkin's lymphoma, his company Vulcan Inc. announced. Gates said he was heartbroken about the loss of one of his "oldest and dearest friends." "Personal computing would not have existed without him," Gates said in a statement. "But Paul wasn't content with starting one company. He channeled his intellect and compassion into a second act focused on improving...

About Us

Science Buzz is a user-friendly website which concentrates on news for the Big Three: Biology, Chemistry, and Physics.

Contact us: sales@thescnbuzz.com