Martinez Goes Solar

Mencius LLC, in collaboration with ERRG, has executed an agreement with The Solar Company to install solar panels on the main building and warehouse located at 4585 Pacheco Boulevard.

solar

Permitting and initial engineering design has begun and the system will go online September 2014. Comprised of 494 Sunpower solar modules with 5 Power One inverters that will be capable of producing 80% of the energy requirements of the building. The system will eliminate approximately 206,123 lbs. of pollution annually, which is equivalent to the planting of 62 acres of trees.

Financing for the project is being provided by First American Equipment Finance, a City National Bank Company, under a 10 year operating lease agreement with very favorable terms. It provides for immediate cash flow benefits derived from the reduction of utility expense that increase over time. The agreement solidifies the business relationship with City National Bank that originated with the purchase of the property. “I am confident that this project will yield tremendous benefit in the short and long term from a cash flow perspective but, equally important, from an environmental perspective” stated ERRG CEO Cynthia Liu.

The Solar Company – The commitment to impeccable service, quality workmanship, and expert design abilities has allowed The Solar Company to sustain 75100% annual growth since 2005. Currently The Solar Company employs over 130 full time employees and is the #1 SunPower Dealer in California, installing over 3,000 residential and commercial projects all over Northern California.

The Solar Company was also chosen to design and install a solar array at the practice facility of the first NBA basketball franchise to go solar, The Golden State Warriors. Installation of 537 modules, (164kW) on a barrel metal seam roof, was completed in two weeks.

First American Equipment Finance – a wholly owned subsidiary of City National Bank (NYSE: CYN). City National is a highly respected business bank with a long track record of financial strength, sophistication and stability – combined with a high degree personal attention. City National has earned its reputation as a company that is safe and sound, conservatively managed, and well capitalized. City National offers its clients award-winning service and has a heartfelt commitment to community service