SOURCE: Verengo Solar Plus
February 18, 2011 15:14 ET
Verengo Solar Plus(SM) Sales VP Emmitt Summers Highlights Home Solar Advances, Affordability on Cox Forum 'Living Green'
Features Recent Technological, Financial Innovations That Make Residential Solar Accessible to All Orange County Homeowners
ORANGE, CA--(Marketwire - February 18, 2011) - Living "clean and green" has never been easier or more affordable, said Verengo Solar Plus Vice President of Sales Emmitt Summers in an interview on Cox Forum's Living Green that airs February 17 through February 23, 2011 on Cox channel 3. Based in the city of Orange, Verengo Solar Plus is the largest residential solar installer in Southern California.
"There was a time when many homeowners thought only movie stars and wealthy environmental activists were able to afford solar power," Summers said in his discussion with Cox Forum host Terry Wedel. "Nothing could be further from the truth."
"Our mission at Verengo is spreading the word that solar is simple, easy, affordable and accessible," Summers told Wedel. "The numbers grow more attractive each day from an environmental perspective and from a cost savings perspective due to the state and federal subsidies and financing now offered."
"Thanks to the advances made in the design and efficiency of the panels themselves, improvements in utility permitting and interconnection, and the financing choices Verengo now offers; homeowners can start saving money immediately," Summers said. "Depending on the size of their utility bill and the shape and location of their home, our zero-down 20 year power purchase option reduces a customer's monthly energy payments from 15% up to 30%. "The self purchase option now pays for itself over about five years," Summers told Wedel, "while the traditional lender financed residential solar takes about seven years to return the original investment. After subsidies the average system costs is about $17,000, after breaking-even, homeowner's will enjoy double digit annual returns with zero risk," Summers added.
The solar industry is also a source of new jobs, particularly at Verengo Solar Plus. In addition to helping thousands of homeowners save money on their electric bills, the company has added 100 new jobs in the past year.
When asked about the potential market for residential solar, Summers answered: "today only 80,000 out of 126 million housing units in the United States are using solar power. With the improving technology and rising fossil fuel costs, there's no sensible economic or environmental argument why half the homes in a state like California shouldn't be solarized within the next ten years."
ABOUT VERENGO SOLAR PLUS
Verengo Solar Plus is the leading residential solar integrator in Southern California offering comprehensive financial options and superior customer service consistently earning an A+ with the Better Business Bureau. Verengo has reduced carbon emissions through its solar systems, accomplishing the equivalent of planting 73,680 acres of trees, taking more than 29,000 cars off the road and saving homeowners $61 million in energy costs over the lifetime of Verengo's installed systems to date. For more information on Verengo Solar Plus, please visit www.VerengoSolar.com.
ABOUT COX FORUM
Cox Forum addresses the issues that matter to in Orange County. This talk show tackles everything from public policy to human interest. A new Cox Forum airs every Thursday night at 7p.m. and is hosted by KSBR Programming Director, Terry Wedel.