ORANGE, CA--(Marketwire - February 21, 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."
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