Affordable Housing Sees Promise in Southern California Solar Market

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Promise Energy Launches New Headquarters in Downtown Los Angeles and Expands Team to Increase Solar for Affordable Housing.

We’re excited to be expanding our team, and growing our presence in one of the hottest solar markets in the country.

Promise Energy represents the new face of solar financing in California. Today the company announced an expansion of their Southern California presence with the opening of a new office in downtown Los Angeles. The expansion signals another step forward for a solar company quickly emerging as a leader in providing full-service solutions for solar water heating and solar electricity to the multifamily market throughout California.

“Building on our success partnering with leading affordable housing organizations, and working with groups like SCANPH - the Southern California Association of Nonprofit Housing - we’re excited to be expanding our team, and growing our presence in one of the hottest solar markets in the country,” said Jonas Villalba, VP of Sales for Promise Energy.

“Promise Energy’s unique ability to bring our nonprofit customers a 30% Federal Cash Grant, combined with flexible financing terms mean we can offer an affordable solar solution for every suitable project. This expansion will serve the increasing demand from affordable housing groups for high-quality solar options that save energy and reduce operating costs,” says Villalba.

“Solar is quickly moving from ‘desired to required’ on new construction projects that must meet Title 24, LEED, or tax-credit financing requirements. Promise Energy’s design and financing expertise are enormously valuable in helping our customers integrate solar right from the beginning of the process – and complete projects on tight budgets,” says Andy Mannle, VP of Strategic Development for Promise Energy.

Backed by the resources and expertise of their founders at Adam Capital, a leading national solar finance company, Promise Energy is changing the game by offering multifamily developers a complete portfolio solution that offers solar thermal and solar photovoltaics for both new construction and existing projects.

“We find many affordable housing organizations who appreciate the benefits of solar, but need an experienced partner who understands low-income housing to design solutions for both new projects and existing buildings that make financial sense. We provide project financing, system design, and top-quality installation to help our customers make the most of solar on every possible project,” says Mannle.

Promise Energy’s new Southern California headquarters is located in an Energy Star building in downtown Los Angeles. “We’re walking distance from the Metro and many of our customers,” says Mannle. “We’re boosting the local economy by creating green jobs. And we’re greening the city by helping multifamily housing projects reduce fossil fuel pollution while saving thousands of dollars a year on utility bills. Promise Energy is very excited to be part of this community. We are proud to be providing important solar solutions for Los Angeles and Southern California.”

About Promise Energy, Inc.:
Promise Energy Inc, is a full-service solar company dedicated to serving the commercial and multifamily market throughout California and the Western United States. Offering integrated finance, design, and installation, Promise Energy partners with building owners and tenants to save energy, and reduce operating expenses. Founded by the leadership team at Adam Capital Inc, a leading financier of rooftop-scale solar projects throughout the country, Promise Energy provides unparalleled financing options and expertise for both solar water heating and photovoltaics. We offer commercial and multifamily projects long-term energy savings, increased net operating income, and full solar tax benefits with little or no upfront investment. To find out more, contact us at http://www.promiseenergy.com.

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Andy Mannle
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