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 News From Finance - Asia Logue

China's premier: 'We don't want to see a trade war'

Mar 20, 2018

BEIJING — Premier Li Keqiang said Tuesday that China doesn't want to see a "trade war" with the United States and hopes to reach a negotiated settlement of disputes. Speaking at a nationally televised news conference, Li said rash action would hurt all sides. He made no mention of a possible Chinese response to any increase in U.S. import controls. Beijing faces mounting pressure from the government of U.S. President Donald Trump over complaints it hampers access to its markets, pressures foreign companies to hand over technology and is flooding foreign markets with unfairly low-priced steel and other goods. That...

Greenpeace says brands refusing to reveal palm oil sources

Mar 20, 2018

JAKARTA, Indonesia — Greenpeace says several major household brands including Hershey and Johnson & Johnson have failed to disclose where they get their palm oil from despite vows to stop buying from companies that cut down tropical forests to grow the widely used commodity. The environmental group said Monday that in January it asked 16 major brands to reveal their suppliers of palm oil, which is mainly grown in Indonesia and Malaysia and used in a slew of consumer products from snacks to cosmetics. It said eight disclosed the information and eight refused. Greenpeace said that adds to concerns international...

Indonesia faces challenge to seizure of yacht wanted by US

Mar 20, 2018

JAKARTA, Indonesia — Indonesia's seizure of a luxury yacht wanted as part of a U.S. probe into the alleged multibillion-dollar theft of funds from a Malaysian state investment company is being challenged by the vessel's owner, police said Monday. National police deputy director of economic crimes Daniel Silitonga said police haven't handed the yacht over to the U.S. since its Feb. 28 seizure because they're waiting for a court hearing after lawyers for the owner of the Cayman Islands-registered Equanimity began a legal challenge. "Until now we are still awaiting the summons for a hearing," he said. "We are facing...

Fire at Manila hotel-casino put out; death toll raised to 5

Mar 20, 2018

MANILA, Philippines — Firefighters found two more bodies Monday in a hotel-casino gutted by fire that sent thick, heavy smoke into the sky over the Philippine capital, raising the death toll to five, officials said. One of several people injured in the blaze at the Manila Pavilion Hotel and Casino was fighting for her life in a hospital, Bureau of Fire Protection officials said, adding that all others guests and hotel employees have been accounted for. The bodies of two security camera operators were found after firefighters managed to control the blaze, which raged from Sunday morning to early Monday,...

China appoints US-trained central banker

Mar 20, 2018

BEIJING — A U.S.-trained economist was appointed Monday to succeed the longtime governor of China's central bank, Zhou Xiaochuan, at a time when the ruling Communist Party is trying to reduce financial risks and surging debt. The appointment of Yi Gang, a veteran deputy central banker, to head the People's Bank of China was in a slate of promotions approved by China's ceremonial legislature of finance and economic officials as President Xi Jinping tightens control over government. Also Monday, the National People's Congress endorsed the elevation of Liu He, Xi's economic adviser, to a post as vice premier, where he...

Sign up now!