ROCHESTER, N.Y., Jan. 2, 2013 – Arista Power, Inc. (“Arista Power” or the “Company”) (OTC Bulletin Board: ASPW), a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, and a supplier and designer of solar energy systems, announced today that the Genesee County Economic Development Center (GCEDC) has partnered with Arista Power to launch a new community solar purchasing initiative, called “Solarize Genesee.”
Solarize Genesee is a solar purchasing program available to the community that offers bulk pricing, a complete streamlined process from site assessment to installation and tax incentive form assistance, educational workshops, and local workforce training. The program will be available to all Genesee County home and business owners, farmers, institutions, and municipalities on a first come, first serve basis for a limited time. Site assessments are complimentary. Interested parties can go here to receive more information.
John Benetti, Project Director at Arista Power, said, “We are taking the successful community solar purchasing model that we implemented with the Solarize Madison County program and are bringing it to Genesee County. The Solarize program simplifies buying a solar system and uses bulk purchasing and cost efficiencies to offer solar purchasers an attractive return on investment. Our customers are realizing how effective solar energy generation works in New York and in many cases they are able to eliminate over 90% of their electric bill. With our solar community purchasing program, combined with tax incentives, our solar customers can have paybacks as low as just a couple of years, with several decades of ongoing benefit.”
“Our partnership with Arista Power will provide Genesee County businesses and residents the opportunity to learn more about solar energy as a way to potentially lower their electricity costs in an environmentally friendly way,” said Steve Hyde, president and CEO of the Genesee County Economic Development Center. “We are excited to be partnering with such a reputable solar energy company, as Arista Power offers competitive pricing and incentives, an experienced installation team, and a strong network of suppliers.”
Bill Schmitz, CEO of Arista Power, said, “Madison County’s Solarize program created a lot of community buzz and many residents and businesses have benefitted from that program. We collaborated with community leaders, local contractors, and the area educational institutions to offer a full suite of benefits to this community program. Not only is it good for the environment, it’s good for community bonding, the local economy, and solar buyers’ pocketbooks.”
About Arista Power, Inc.
Arista Power, Inc. is a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, WindTamer wind turbines, and a supplier and designer of solar energy systems. Arista Power’s patent-pending Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells, and the grid, in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. Arista Power also sells a Mobile Renewable Power Station (MRPS) that utilizes energy generated from wind, solar PV, generators, fuel cells and other energy-generating devices that is stored in an integrated onboard storage device for military and other applications, and a stationary, scalable Renewable Power Station (RPS) that can be drop-shipped to off-grid locations to be used as a micro-grid. Arista Power’s diffuser-augmented WindTamer wind turbine utilizes a patented technology for the production of electrical power.
About the Genesee County Economic Development Center (GCEDC)
The GCEDC is the primary economic development agency in Genesee County, NY. The GCEDC’s mission is to be the driving force in fostering community economic success through growth, expansion and retention of our existing business base and to market our community as “business friendly” facilitating new business attraction in order to build a sustainable long-term economy. The GCEDC is also focused on fostering increased economic activity for our community by providing a high quality of life for our residents and their families. The GCEDC enables this by progressively marketing our community to businesses facilitating business capital investment which contributes to the creation and retention of quality jobs. The Batavia/Genesee County region has been recognized for eight consecutive years by Site Selection Magazine as a top ten micropolitan in the United States and is rated number three by Business Facilities Magazine as a top metro area for food processing and manufacturing growth.
Genesee County is a county located in western New York, between the cities of Buffalo and Rochester, New York. The county seat is located in Batavia, New York. The county has 8 public school districts, including: Alexander Central School District, Batavia City School District, Byron-Bergen Central School District, Elba Central School District, LeRoy Central School District, Oakfield-Alabama Central School District, Pavilion Central School District, and Pembroke Central School District.
To learn more about Genesee County and GCEDC visit: www.gcedc.com
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. Arista Power, Inc. cautions investors not to place undue reliance on forward-looking statements, which reflect Arista Power’s analysis only as of today’s date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. Arista Power undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect Arista Power’s financial results, is included in Arista Power’s Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
Arista Power, Inc.
Cherrie Mahon, VP of IR & Corporate Communications