Paramount Equity Launches New Solar Energy Division
Posted on: Tuesday, 1 September 2009, 12:51 CDT
ROSEVILLE, Calif., Sept. 1 /PRNewswire/ -- With the summer sun still blazing, Paramount Equity has launched a new solar energy division designed to help customers use renewable energy and save money on utility costs. The new division, Paramount Energy Solutions, provides financing options that make solar systems affordable for everyday homeowners.
Paramount Energy Solutions has partnered with SolarCity(R), the nation's leading residential solar installer, to extend new solar options to homeowners across their service territories in California, Arizona and Oregon. Paramount Energy Solutions' "Go Green Refi" allows homeowners to bundle the purchase price of a solar system into a home mortgage refinance at a reduced fee and interest rate.
Paramount Energy Solutions will also extend SolarCity's SolarLease(TM) financing option to homeowners in its service areas in California and Arizona. SolarLease allows homeowners to adopt solar power for a low monthly payment that is typically less than they previously paid for electricity. The partnership between SolarCity and Paramount Energy Solutions delivers a one-stop, streamlined process for busy homeowners that includes financing, custom design, solar installation, permits, rebate paperwork and ongoing solar system monitoring.
"Rising energy bills are a big concern amongst today's homeowners, but many customers aren't aware that adding a solar system is a tangible option," said Matt Dawson, Paramount Equity owner and vice president of Paramount Energy Solutions. "By adding solar, homeowners bring down their energy costs by making the sun work for them, all while benefiting the environment."
"Paramount Energy Solutions' Go Green Refi combines Paramount Equity's popular residential mortgage products with SolarCity's full-service solar offering - this is a great option for customers who want to own their solar system," said Lyndon Rive, CEO of SolarCity. "We're delighted to partner with Paramount Energy Solutions to give homeowners another affordable way to adopt solar."
Paramount Energy Solutions' customer Cheryl Holden recently added solar to her home using the Go Green Refi program.
"We were interested both in saving money on energy, and conserving energy. Paramount was able to offer us a good package on solar, fully explained what the benefits of solar were for us, and offered us the refinance and the insurance to top it off. It was one complete package," said Holden. The Holden's will be able to save about $750 per month with their new solar, mortgage, and insurance products.
The launch of Paramount Energy Solutions is an example of Paramount Equity's continued effort to provide a diverse network of services, beyond traditional mortgages, for its existing and future customers.
"From the time that Paramount Equity opened its doors, we have worked to become a full-service company that saves our clients money on their largest expenses," said Hayes Barnard, owner and president of Paramount Equity. "Paramount Energy Solutions is a symbol of that commitment and we look forward to launching more innovative programs in the future."
Homeowners can find more information about Paramount Energy Solutions and its solar programs at www.paramountenergysolutions.com.
How Solar Saves Money
Solar panels help homeowners save money by converting sunlight into usable power. The solar system's inverter converts this power into the same electricity that is normally used in a home, thus supplying renewable power for appliances, lights, air conditioners, heaters and more. When a solar system is generating power, the homeowner relies less on the utility provider, lowering his or her energy bills.
About Paramount Equity
Paramount Equity was founded in 2003 with a commitment to saving their neighbors money. The company has taken great pride in bringing innovation to the mortgage and insurance industries by focusing on providing competitive pricing, speed of transaction, and ethical education to customers. Paramount Equity has served the unique needs of tens of thousands of customers in California, Oregon, Washington, Utah, Arizona, and Virginia. For additional information on Paramount Equity and its services, visit www.ParamountEquity.com.
About SolarCity
SolarCity--a national leader in solar power system design, financing, installation, monitoring and related services--was founded with the mission to help millions of homeowners and businesses adopt solar power, protect themselves from rising electricity costs and protect their environment from polluting power sources. The company's SolarLease and Power Purchase Agreement (PPA) options can make it possible for homeowners and businesses to switch to clean, solar power for less money than they currently pay for electricity. SolarCity currently serves more than 500 communities in California, Arizona and Oregon. Additional information about the company is available on the Web at www.solarcity.com.
SOURCE Paramount Equity
Source: PR Newswire
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