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Promise Energy Optimizes Tax Incentives for Solar

By Al Twitty | September 26, 2012

Promise EnergyPromise Energy may be the harbinger of new age solar water heating in California. The company offering of solar energy service agreements that ensure that both state and federal tax credits are maximized is not only a novel approach to savings, but a near perfect conduit to solar affordability. The company announced that it will initiate the program at the annual Southern California Association of Non-Profit Housing (SCANPH) conference, happening in LA on September 28th.

The program will ensure that users can hedge their risks for up to 20 years, with minimal upfront investment. Jonas Villalba, VP of Sales for Promise Energy, added:

“There is great pride in partnering with affordable housing organizations to ensure energy savings, reduced operating expenses and increased property value with the installation of solar water heating setups. This is what Promise Energy has always promised: we’re not just in the business of solar equipment, but in the business of selling energy."

With strong research & resource backing, Promise energy is all set to change the phase of energy creation & utilization for large housing projects & commercial establishments. Homes & commercial establishments can use solar heated water for little or no money, while also ensuring that they save on a significant sum every year on gas bills.

How solar works

How solar works - courtesy Promise Energy

Villalba continues, “We see numerous environmentally & financially aware customers who’d like to take advantage of solar water heating but are unable to do so due to the relatively high capital required. With a Promise Energy Service Agreement, the whole end-to-end system is handled by Promise Energy for up to 20 years”.

Andy Mannle, VP of Strategic Development for Promise Energy continues, “This cements us as true partners for our customers. Tax credits and generous rebates coupled with a strong go-green environment will ensure that this opportunity will be available to all”. Companies finding new ways to make alternative energy more affordable, especially in collaboration with non-profit organizations and communities, is one sure way of reaching a more sustainable future for us all.

About Promise Energy, LLC:

Promise Energy LLC is a comprehensive solar water heating company committed to making affordable solar hot water throughout the Western part of the U.S. Partnering with all stakeholders, Promise Energy is working on cost effective means to reduce operating expenses & provide a greener tomorrow.


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