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 bizdailyonline.com

Global stocks mixed after US government shutdown

Jan 22, 2018

BEIJING — Global stocks were mixed Monday after global investors shrugged off the latest U.S. government shutdown. KEEPING SCORE: In early trading, German's DAX was off 8 points at 13,423.85 and France's CAC 40 declined 0.1 percent to 5,519.85. London's FTSE 100 was up 5 points at 7,735.77. On Friday, the DAX rose 1.2 percent, the CAC 40 added 0.6 percent and the FTSE 100 gained 0.4 percent. On Wall Street, the future for the Dow Jones industrial average was off 0.2 percent and that for the Standard & Poor's 500 index was down 0.1 percent. ASIA'S DAY: The Shanghai...

Stocks rise despite looming US government closure

Jan 22, 2018

HONG KONG — Stock markets rose Friday as investors looked past the threat of a U.S. federal government shutdown and focused on a strong underlying economy. The price of oil fell on a report saying U.S. production is set to rise further above 50-year highs. KEEPING SCORE: Germany's DAX was up 1.1 percent to 13,424 and France's CAC 40 rose 0.5 percent to 5,521. Britain's FTSE 100 gained a more modest 0.3 percent to 7,720 after data showed retail sales fell sharply in the holiday spending month of December. Wall Street was poised to open higher: Dow futures added 0.3...

Asian shares mixed as US government shutdown threat looms

Jan 22, 2018

HONG KONG — Asian stock markets were uneven and the dollar fell on Friday following Wall Street's retreat as the threat of a U.S. federal government shutdown loomed on the weekend. KEEPING SCORE: Japan's benchmark Nikkei 225 climbed 0.3 percent to 23,836.84 and South Korea's Kospi was flat at 2,517.19. Hong Kong's Hang Seng rose 0.2 percent to 32,188.11 while the Shanghai Composite in mainland China rose 0.4 percent to 3,488.87. Australia's S&P/ASX 200 dipped 0.1 percent to 6,010.00. Shares were mixed in Southeast Asia. SHUTDOWN: U.S. politicians were scrambling to avert a possible federal government shutdown before a midnight...

Global stocks advance as investors look ahead to US earnings

Jan 22, 2018

BEIJING — Global stocks were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings. KEEPING SCORE: Germany's DAX gained 0.9 percent to 13,323 and France's CAC 40 added 0.2 percent to 5,521. London's FTSE 100, however, shed 0.2 percent to 7,756. On Wall Street, futures for the Dow Jones industrial average and Standard & Poor's 500 index were up 0.8 percent and 0.4 percent, respectively. EARNINGS OUTLOOK: Investors are watching for the impact of Washington's latest tax changes on U.S. companies as earnings season for the final quarter of 2017 gets into...

Asian stocks advance as investors look ahead to US earnings

Jan 22, 2018

BEIJING — Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investorsed look ahead to American corporate earnings. KEEPING SCORE: The Shanghai Composite Index rose 0.4 percent to 3,425.03 and Tokyo's Nikkei 225 added 0.7 percent to 23,882.23. Hong Kong's Hang Seng gained 1.2 percent to 31,701.59 and Seoul's Kospi advanced 0.3 percent to 2,511.86. Sydney's S&P-ASX 200 shed 0.2 percent to 6,062.50. Taiwan, New Zealand Southeast Asian markets advanced. EARNINGS OUTLOOK: Investors are watching for the impact of Washington's latest tax changes on U.S. companies as earnings season for the final quarter of 2017...

About Us

Biz Daily Online gives a complete understanding of the world of business to you. Get today’s business news and learn about the trends that are affecting every business here.

Contact us: sales@bizdailyonline.com

Subscribe Now!