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 Finance - Asean Coverage

Shanghai gets automated bank with VR, robots, face scanning

Apr 23, 2018

SHANGHAI — Missed paying dues on your Communist Party membership? There's a bank for that - and it's fully automated. A state-owned Chinese bank has opened an automated branch equipped with facial-scanning software, a virtual reality room, a hologram machine, talking robots and touchscreens for paying utility bills and Communist Party fees, among other functions. The branch opened last week in central Shanghai's Huangpu district and is being hyped as China's first "unmanned bank." Beijing-based China Construction Bank says the high-tech branch is meant to make banking more convenient, personalized, and efficient. It also reflects growing competition from cashless payment...

ZTE protests US penalty, says it is seeking solution

Apr 23, 2018

BEIJING — ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and said the company is looking for a legal solution. State-owned ZTE "may enter a state of shock," which will hurt its employees and U.S. suppliers, its chairman said, according to Chinese news reports. A separate company statement said the ban "threatens ZTE's existence." The ban was imposed Monday in a case involving exports of telecoms equipment to Iran and North Korea. U.S. companies are barred from selling technology to ZTE for seven years. The penalty comes as...

North Korea has a new budget and it's full of fiscal hijinks

Apr 23, 2018

TOKYO — Imagine a national budget that reflects steady growth, gives a healthy boost to science and technology while reserving big slices of the overall pie to defense and social spending. It's generous with infrastructure improvements, and is certain of unquestioning, unanimous approval in parliament. Congratulations. You are now thinking like a North Korean economist. North Korea's Supreme People's Assembly passed a budget with all of those features last week in an annual ritual reflecting the country's conflicting desires to keep up appearances, especially for potential foreign investors, while obscuring even the most basic statistics needed to gauge its economic...

Asian shares higher on optimism about global growth

Apr 23, 2018

HONG KONG — Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 22,293.97 and South Korea's Kospi added 0.4 percent to 2,488.87. Hong Kong's Hang Seng added jumped 1.3 percent to 30,692.38 and the Shanghai Composite in mainland China gained 0.7 percent 3,111.93. Australia's S&P/ASX 200 advanced 0.6 percent to 5,894.00. Shares were higher in Taiwan and Southeast Asia. GLOBAL ECONOMY: The Federal Reserve's latest beige book survey found the outlook for the world's No....

Global stocks rise after Wall Street gains for 2nd day

Apr 23, 2018

BEIJING — Global stock markets followed Wall Street higher Wednesday despite a Chinese tariff hike on U.S. sorghum in a swelling trade dispute with Washington. KEEPING SCORE: In early trading, London's FTSE 100 rose 0.7 percent to 7,278.02 and France's CAC 40 added 0.5 percent to 5,379.95. German's DAX advanced 0.3 percent to 12,630.42. On Tuesday, the DAX climbed 1.6 percent, the CAC 40 rose 0.8 percent and the FTSE 100 added 0.4 percent. On Wall Street, futures for the Dow Jones industrial average and Standard & Poor's 500 index gained 0.1 percent. ASIA'S DAY: The Shanghai Composite Index gained...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com