Innovative Philadelphia Neighborhood Program Makes Solar Power Affordable for Low and Middle-Income Homeowners

PHILADELPHIA, PA--(Marketwire - July 14, 2009) - Urban Eco Electric (UEE), a new kind of power company, is making solar energy affordable and practical for Philadelphia residents. Now urban residents can participate in going green without the prohibitive upfront costs. Through UEE's first of its kind lease program, homeowners can lower their carbon footprint while reaping sizeable savings on their ongoing electric bill.

A brief overview of UEE's solar equipment lease program:

--  Homeowners enter into a lease agreement for 20 years with Urban Eco
   Electric who then assumes all the upfront costs as well as ongoing
   maintenance.
  
--  UEE then reduces the homeowner's (average) electric bill by 50% for
   the first two years of the lease.
  
--  Further savings are realized in years three and beyond when UEE
   freezes their electric bill for the remainder of the lease. Philadelphia
   and other cities will see significant rate hikes when the legal rate caps
   are removed in 2011.
  
--  Over-all realized savings is roughly $20,000 to $30,000 for the
   panels; $15,000 for electricity savings.
   

David Blumenfeld, Philadelphia real estate attorney and founder of Urban Eco Electric, says "Without this program, solar power would be virtually unattainable for many homeowners. I'm glad we can provide a way for our neighborhoods to benefit while creating a brighter, cleaner future for us all." Steven Williams, Executive Director of Partnership CDC, adds, "Finally, we have a company that's doing something not only for the environment but also providing an opportunity for our emerging communities to participate in making Philadelphia a leading green city in the country."

For more information, please visit www.go-uee.com. Homeowners are invited to call (215) 909-6814 for more information or a free in-home consultation.

Contact information:

Wells Marketing Group, www.wells-pr.com