SOURCE: Urban Eco Electric

Urban Eco Electric, solar electric company

August 19, 2009 11:00 ET

Urban Eco Electric, New Philadelphia Electric Company, Hosts "Beer for Bills" Events

Trade in Your Peco "Clunkers" for a Beer and Free Solar Panels

PHILADELPHIA, PA--(Marketwire - August 19, 2009) - On August 20 and August 27, 2009, homeowners are invited to learn how they can get free solar panels and lower their electric bills during "Beer for Bills" events Urban Eco Electric (UEE) is sponsoring. Urban Eco plans to install 5,000 solar PV systems on Philadelphia homes with no upfront cost to the homeowner. These events are a chance to learn how they can participate in helping the environment while saving on their electric bills.

August 20                     August 27
Belgian Café                  Manayunk Brewery
2047 Green Street             4120 Main Street
Philadelphia, PA              Philadelphia, PA
(215) 235-3500                (215) 482-8220

Urban Eco, a new kind of power company, is making solar energy affordable and practical for Philadelphians. Now urban residents can participate in going green without the prohibitive upfront costs. Through UEE's first-of-its-kind lease program, homeowners can lower their carbon footprint while reaping sizeable savings on their ongoing electric bill.

A brief overview of Urban Eco's solar equipment lease program:

-- Homeowners enter into a lease agreement for 20 years with Urban Eco Electric who then assumes all the upfront costs as well as ongoing maintenance.

-- Urban Eco then reduces the homeowner's (average) electric bill by 50% for the first two years of the lease.

-- Further savings are realized in years three and beyond when Urban Eco freezes their electric bill for the remainder of the lease. Pennsylvania will see significant rate hikes when the legal rate caps are removed in 2011.

-- Overall realized savings are roughly $20,000 to $30,000 for the panels; $15,000 for electricity savings.

David Blumenfeld, Philadelphia real estate attorney and founder of Urban Eco Electric, says, "Without this program, solar power would be virtually unattainable for many homeowners. I'm glad we can provide a way for our neighborhoods to benefit while creating a brighter, cleaner future for us all."

For more information, please visit www.go-uee.com. Homeowners are invited to call (215) 909-6814 for more information or a free in-home consultation. Contact information: Petrina Fisher Wells, Wells Marketing Group, www.wellsmarketinggroup.com.

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