Rochester, N.Y., February 7, 2013 – Arista Power, Inc. (“Arista Power” or the “Company”) (OTC: 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 Seneca County Industrial Development Agency (IDA) has joined other counties in supporting Arista Power to launch a new community solar purchasing initiative, called “Grow Solar Seneca.”
“By collectively purchasing solar, the community of Seneca County will be able to take advantage of the bulk pricing discount that Arista Power is offering. This bulk pricing, coupled with government incentives and technology advancements in solar panels, makes solar energy in New York a more viable and environmentally favorable energy option. We’re excited to help bring this program to Seneca County,” said Thomas Kime, Chairman of the Seneca County IDA.
Robert Aronson, Executive Director of the Seneca County IDA, said, “Arista Power will provide Seneca County area businesses and residents the opportunity to learn more about solar energy as a way to lower their electricity costs in an environmentally friendly way. In addition, Arista Power will work with local contractors and our educational institutions.”
Bill Schmitz, CEO of Arista Power, said, “As our solar sales continue to grow, we are offering community solar purchasing programs in areas that show a demographic of constituents that are curious about the economics of clean, independent energy. These programs mimic the model that we successfully implemented with the Solarize Madison County program. After meeting with the progressive leadership at the IDA of Seneca County, we have decided to offer the program to the community in Seneca County, New York. Solar buyers in New York are realizing how effective solar energy generation works and, in many cases, they are able to eliminate over 90% of their electric bill. By collaborating with community leaders, local contractors, and area educational institutions, the Grow Solar Seneca program will benefit not just the environment, but will also build community bonds, and support the local economy and solar buyers’ pocketbooks.”
Grow Solar Seneca is a solar purchasing program that will be available to the Seneca County community. The program features 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 Seneca County residents, commercial entities, agricultural, institutions, and municipalities on a first come, first serve basis for a limited time. Site assessments are complimentary.
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 Seneca County Industrial Development Agency (SENIDA)
The Seneca County Industrial Development Agency (SENIDA) is a public benefit corporation dedicated to ensuring the long-term economic health of our county by attracting new businesses and helping existing businesses grow. The agency promotes private sector commercial and industrial development, and advances the job opportunities and economic welfare of the people of Seneca County. We work with site selectors, CEOs and business owners to make the most of our region’s numerous geographic advantages and exceptional workforce, forming partnerships that will benefit both the employers and the people that call Seneca County home.
To learn more about Seneca County Industrial Development Agency, visit: http://www.senecacountyida.org
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 & Communications
At Seneca County IDA