Beachwood, Ohio (PRWEB) April 28, 2010
Tremco Roofing and Building Maintenance (Tremco), a leading provider of sustainable roofing and building envelope solutions for high-performance buildings, and Smart Energy Capital (SEC), a solar finance, development and advisory firm, today announced that they are joining forces to bring turnkey rooftop photovoltaic (PV) systems and power purchase agreements (PPAs) to customers in education, healthcare, government, commercial and other markets nationwide. The goal of this collaboration is to help customers lower both their energy costs and their carbon output.
Customers will have enormous flexibility in choosing and financing the rooftop photovoltaic system that is right for them, since the system can be customized to meet the customer’s needs. To ensure smooth functionality between the roof and the PV equipment, Tremco can use the expertise gained in 80-plus years of providing exceptional roofing systems to manage any roof renovations necessary before the system is installed. Smart Energy Capital finances the systems and will sell power to the customer under a long-term power purchase agreement. SEC also helps customers get the full benefit of all applicable state and federal financial incentives, such as the solar investment tax credit.
According to Brian Weisman, managing partner of SEC, “This is an excellent option for those who want to move toward ‘green power’ at minimal risk. They do not need to commit any up-front capital, nor do they have to deal with the hassles of building and maintaining the PV system. The PPA is a hedge against future electricity rate increases.
“We are delighted to work with Tremco Roofing and Building Maintenance in bringing affordable solar solutions to organizations throughout North America,” Weisman continued. “The combination of our finance and solar industry experience together with Tremco’s exceptional roofing and service capabilities will positively impact the growth of the market for distributed solar generation.”
Ralph Velasquez, director of Tremco Roofing’s Sustainable Technologies Group, said, “Our relationship with Smart Energy Capital benefits our customers in so many ways. Customers can select the rooftop photovoltaic system that best matches their requirements. They do not need to worry about installation, maintenance, upgrades or other concerns common to PV systems; that’s all handled for them. SEC’s power purchase agreements provide a buffer against rising energy spend. Finally, the use of clean, renewable solar energy reduces the use of fossil fuels, which lowers overall operating costs and can significantly reduce carbon output. We see the relationship between Tremco Roofing and Smart Energy Capital as another important step in helping our customers develop sustainable, high-performance buildings.”
About Tremco Roofing and Building Maintenance
Headquartered in Beachwood, Ohio, Tremco Roofing and Building Maintenance helps manage building life cycles while providing roofing and weatherproofing peace of mind to customers in education, healthcare, government, manufacturing and many other industries. In business since 1928, Tremco Roofing and its subsidiary WTI are ISO 9001:2000 certified; WTI provides general contracting and roofing services. Tremco Roofing and Building Maintenance is a division of Tremco Incorporated, which is itself part of the RPM Building Solutions Group, an international leader in the construction, maintenance and repair markets. To learn more about Tremco, visit http://www.tremcoroofing.com or call toll-free at 800-562-2728.
About Smart Energy Capital
Smart Energy Capital is a finance and investment company focused exclusively on the North American solar photovoltaic industry. The principals of SEC have a deep background and successful track record in structuring and arranging innovative financing solutions and developing renewable energy projects. They have managed a portfolio of over 300 megawatts of solar projects and raised in excess of $200 billion of innovative financings, and bring extensive global relationships with a wide range of entities, including equipment manufacturers, installers, developers, real estate and building services companies, construction companies, real estate owners and power purchase agreement providers. Please visit our website at http://www.smartenergycapital.com.