Green Companies Launch National Solar Energy Initiative in Tri-State Area
The Great, Green Race has begun! The goal: install one million solar roofs on American homes within three years. Through strategic alliances in the construction, solar energy and banking industries, making it financially feasible for most families and businesses to afford solar powered electricity, and enabling them to realize immediate energy savings of up to 25 percent and more.
Jane Greenstein, Founder & CEO of The Great Green Race in Roslyn Heights, New York and Bill Thomas, COO of Green Home Solutions, LLC in Norwalk, Connecticut agree, Were going to jump-start Americas Green transformation by eliminating the single greatest barriers in the adoption of this sustainable energy alternative the payback period and up front costs. Using her 30 years of experience in mortgage finance with The Seldin Organization, Inc., a Long Island firm, Jane has designed a Green Banking Program that will dramatically increase the publics ability to act now. "Through our affiliations with local banks, homeowners will become part of the solution to substantially reduce carbon emissions," says Jane. She continues, "Affordable financing of this green investment is the key. By offering a variety of creative low-interest payment options like special Green home equity loans and long-term graduated payment loans where interest may be tax deductible, installation costs are spread out over a long term. In that way, homeowners realize net savings immediately; and over 25 years, average homeowners can expect to save up to $40,000 on their electric bills." Federal and state energy efficiency rebates could further reduce the cost of installing solar power. Important to note: according to the Appraisal Institute, the market value of a solar powered home would immediately increase by 20 times the annual electric savings, which equal $36,000 for the average American homeowner with a $150 monthly utility bill.
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