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 News From Asean Coverage

China files WTO challenge to US $200B tariff plan

Jul 16, 2018

BEIJING — China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the problems posed by China, suggesting a challenge there might have little impact in Washington. But it might help Beijing rally support from governments that criticized Trump for going outside the WTO to impose tariffs on Chinese and other imports. The move is unusually swift, coming less than one week after the U.S. Trade Representative...

Statelessness a hurdle for some rescued Thai boys

Jul 16, 2018

MAE SAI, Thailand — The 12 boys and coach of the Wild Boars youth soccer team who were rescued from a cave in northern Thailand last week share a characteristic with many of the professional European clubs its teenage members idolize: They are a multi-ethnic, cross-border crew. But while the stars of the major European leagues, no matter what their origins, can stake a claim to fame and fortune, some of the Wild Boars cannot even count on a permanent home. Three of the players — Mongkol "Mark" Boonpium, 13, Adul Samon, 14, and Pornchai "Tee" Khamluang, 16 — and...

EU official urges Trump, Putin not to destroy global order

Jul 16, 2018

BEIJING — A senior European official on Monday urged U.S. President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. Speaking before Trump and Putin were due to meet in Helsinki, European Council President Donald Tusk appealed for leaders to avoid wrecking a political and economic order that nurtured a peaceful Europe and developing China. Tusk spoke at a news conference with China's No. 2 leader, Premier Li Keqiang, following an annual EU-Chinese economic summit also attended by the president of the European Commission, Jean-Claude Juncker. They met...

Malaysian lawmakers take oath, including indicted ex-leader

Jul 16, 2018

KUALA LUMPUR, Malaysia — Malaysian lawmakers took their oath in Parliament on Monday, including former Prime Minister Najib Razak, who has been charged in a massive corruption scandal that led to his coalition's electoral defeat. The swearing-in ceremony of 221 lawmakers opened the first Parliament session after Najib's long-ruling coalition was ousted in May 9 elections, ushering in Malaysia's first change of power since independence from Britain in 1957. Prime Minister Mahathir Mohamad, the world's oldest leader at 93, made his return to Parliament for the first time in 15 years after ending his retirement to challenge Najib over the...

China's economic growth cools amid trade tensions

Jul 16, 2018

BEIJING — China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing as its tariff battle with Washington escalates. The world's second-largest economy expanded by 6.7 percent over a year earlier, down from the previous quarter's 6.8 percent, the government reported Monday. Key drivers of growth including spending on construction and other investments were weakening even before the dispute with Washington erupted. Forecasters have expected a slowdown since Beijing tightened lending controls last year to rein in surging debt. Growth was "generally stable" but "the uncertainties of the external environment are mounting," said Mao Shengyong,...