MIDDLETOWN, R.I.--(BUSINESS WIRE)--Embrace Home Loans, a prominent leader in the mortgage industry, has embarked on a “Going Green” initiative. As part of this new initiative, Embrace Home Loans will participate in the new Commercial Property Assessed Clean Energy (C-PACE) program by partnering with Direct Energy Solar to install solar panels on its roofs.
This clean energy project facilitates energy efficiency, lowered operating costs and reduced consumption of fuels, saving Embrace an estimated $2 million over the course of 25 years. The solar panels will ultimately improve overall business operations, allowing the lender to continue to serve the needs of its employees and borrowers, as well as position it as both a highly innovative and environmentally conscientious employer of Rhode Island and within the mortgage industry.
“Rhode Island is a leader in renewable energy and Embrace wants to be a good steward of our environment,” said Deanna Roy, Vice President of Embrace Home Loans. “We try to do our part in reducing our footprint through various green programs like recycling, reducing our consumptions by updating our lighting to efficient LED and now leading the way with renewable solar energy. We’re thrilled to be partnering with Direct Energy Solar and look forward to their help in further meeting our ‘Going Green’ initiative.”
Direct Energy Solar will be the first solar integrator to implement the C-PACE program in Rhode Island, ensuring that Embrace has the most beneficial environmental impact. C-PACE is an innovative and affordable way for commercial building owners to pay for renewable, energy efficient upgrades, immediately increase cash flow and improve their building’s overall value. Embrace Home Loans will be the first in Rhode Island to participate in the C-PACE program, embracing an initiative that is good for the economy and the environment.
This initiative is part of Embrace’s commitment to supporting the local community, economy and environment. In fact, Embrace and its employees continuously help support local families in need, school supply drives, the families of active military members, and friends or families of Embrace employees who have had sudden emergencies such as a medical crisis, to name just a few. Embrace has raised thousands of dollars through this simple tradition of giving, and now aims to “go green” in the quest to become environmentally responsible.
About Embrace Home Loans
Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and an issuer for Ginnie Mae. Embrace Home Loans has remained a prominent leader in the industry, having helped hundreds of thousands of individuals and their families purchase new homes, lower their monthly payments and consolidate high-interest debt since its inception. With 80+ offices and licensed in 46 states and D.C., Embrace has been recognized seven times as one of the Best Medium-sized Companies to Work for in America by Fortune and four times as one of the Fastest Growing Companies in America by Inc. The company has also been recognized eleven times as one of the Best Places to Work in Rhode Island and as the Most Community Involved Company in Rhode Island by Providence Business News. For more information, please visit www.embracehomeloans.com.