In the News
August 29, 2008
FOR IMMEDIATE RELEASE
August 29, 2008 | Download PDF VersionCity of Palm Desert ‘Energy Independence Loan’ Clears Way for
Clean Energy Technologies
ClearEdge Power expands home fuel cell technology systems in Coachella Valley
(Palm Desert, CA) — The City of Palm Desert today becomes the first city in the country to provide residents with low-cost loans for energy-efficiency home improvements. The groundbreaking financing program is good news for homeowners, and for a number of companies providing alternative, clean energy technologies throughout Southern California.
ClearEdge Power, a leading provider of ultra-clean and efficient on-site energy generation systems for homes and small businesses, supports the passage of Assembly Bill 811 (AB 811). ClearEdge Power’s CE5, a compact energy system that efficiently converts natural gas or propane into both electricity and heat, using clean fuel cell technology, will qualify for the Palm Desert ‘Energy Independence Loan.’
“The City of Palm Desert has essentially made it much easier for a larger number of residents and businesses to begin saving energy and money immediately, with very little up front investment,” notes Bill Sproull, ClearEdge Power Sr. VP of Business Development.
Home and business owners in the Coachella Valley currently pay some of the highest electricity rates in the country. AB 811 will help in two significant ways: first, the initial capital cost investment for a new alternative energy system, like the CE5, will be spread over a multi-year loan term. Second, home and business owners will realize the cash and environmental savings from efficient energy systems from day one.
“We’re essentially putting cash directly back into the pocket of homeowners and businesses while helping them reduce their overall energy consumption,” Sproull added.
City of Palm Desert Energy Office Director, Pat Conlon leads the City’s ‘Set-to-Save’ program, one of the most aggressive energy reduction initiatives in the country.
“ClearEdge Power has been working closely with the city of Palm Desert to understand and respond to the City’s energy reduction goals. Alternative energy technologies, like the residential fuel cell energy systems, will go a long way toward helping the City achieve those goals,” notes Conlon.
The City of Palm Desert waived permitting fees, earlier this year, to encourage the installation of fuel cell systems.
ClearEdge Power is working with architects, builders, home and business owners in the Coachella Valley and plans to begin the first local CE5 installations this Fall.
About ClearEdge Power
ClearEdge Power is a pioneer and leading provider of ultra-clean and efficient on-site energy generation systems for homes and small businesses. With operations throughout the West Coast of the United States, the company is positioned at the center of clean energy technology innovation and market adoption. Today, the company manufactures and markets the highly efficient CE5, a new energy solution that helps homes and businesses save money, reduce C02 emissions and maintain a comfortable lifestyle.