NWP Services Corporation Announces Agreement with SolarCity

Nov. 5, 2009 - PRLog -- NWP Services Corporation (NWP), a leading provider of utility management solutions in the multifamily housing industry, today announced an agreement with SolarCity, a national leader in solar financing, design, installation, monitoring and related services, whereby the two companies will team to make it easier for property owners and operators to deploy and benefit from onsite solar power generation at their multifamily communities. Together, the companies will identify solutions that overcome the traditional hurdles faced by clients as they consider leveraging unused roof and other available space to generate power onsite.  

“For years NWP has been a leader in delivering solutions that reduce, recover and offset the utility spend for our multifamily clients.  Now, with technological improvements and the available financial incentives, onsite solar power generation deserves serious consideration as an additional opportunity to improve a property’s net operating income,” said Michael Radice, president and CEO of NWP. “We sought a partner with a stellar reputation, one that could deliver a full suite of services and meet the financial and installation challenges needed to make solar power a justifiable solution for our clients. Additionally, we required a partner to have the financial and organizational substance to be a nationwide provider as federal, state and local incentives for renewable energy sources grow in prevalence and popularity; we are confident that we have found that partner in SolarCity,” added Radice.

“New financing, operations and technology advancements can allow multifamily housing owners in many locations to pay less for clean solar power than they would pay for electricity without solar,” said John Lefebvre, SolarCity’s vice president of sales and business development. “We’re excited to work with NWP, a well-known and trusted name in smart utility management in the multifamily housing industry, to extend new solar power options to multifamily housing operators that can lower their energy costs from day one.”

Now, multifamily housing owners and operators can rely upon a trusted source to receive a comprehensive assessment of the physical and financial feasibility of adding onsite solar power generation to their properties. NWP will introduce SolarCity at the upcoming National Multi-Housing Council (NMHC) Apartment Technology Conference to be held November 8-10 at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona.  

About NWP Services Corporation:
Headquartered in Irvine, California, NWP Services Corporation (NWP) provides financial
transaction processing services for the multifamily industry including resident billing, resident payment and utility management. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. Resident ePay allows residents to pay monthly charges with funds transferred to the bank electronically. Through UtilityPay Manager, NWP processes and pays invoices sent to properties by utility companies. Additional information is available at www.nwpsc.com.

About SolarCity: SolarCity—a national leader in solar power system design, financing, installation, monitoring and related services—was founded with the mission to help millions of homeowners and businesses adopt solar power, protect themselves from rising electricity costs, and protect their environment from polluting power sources. The company’s SolarLease™, PurePower™ and Commercial Power Purchase Agreement (PPA) options can make it possible for homeowners and businesses to switch to clean, solar power for less money than they currently pay for electricity. SolarCity currently serves 500 communities in California, Arizona and Oregon. Additional information about the company is available on the Web at www.solarcity.com.

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NWP provides financial transaction processing services for the multifamily industry. NWP is a recognized leader in service quality for resident billing, resident payment processing and utility management services.