Paramount Equity Launches New Solar Energy Division

Partnership with SolarCity allows budget-conscious homeowners to harness the
sun to reduce their utility bills

Paramount Equity Launches New Solar Energy Division

ROSEVILLE, Calif., Sept. 1 /PRNewswire/ -- With the summer sun still blazing,
Paramount Equity has launched a new solar energy division designed to help
customers use renewable energy and save money on utility costs. The new
division, Paramount Energy Solutions, provides financing options that make
solar systems affordable for everyday homeowners.

Paramount Energy Solutions has partnered with SolarCity(R), the nation's
leading residential solar installer, to extend new solar options to homeowners
across their service territories in California, Arizona and Oregon. Paramount
Energy Solutions' "Go Green Refi" allows homeowners to bundle the purchase
price of a solar system into a home mortgage refinance at a reduced fee and
interest rate.

Paramount Energy Solutions will also extend SolarCity's SolarLease(TM)
financing option to homeowners in its service areas in California and Arizona.
SolarLease allows homeowners to adopt solar power for a low monthly payment
that is typically less than they previously paid for electricity. The
partnership between SolarCity and Paramount Energy Solutions delivers a
one-stop, streamlined process for busy homeowners that includes financing,
custom design, solar installation, permits, rebate paperwork and ongoing solar
system monitoring.

Paramount Equity Launches New Solar Energy Division

To read the full report to go: http://www.reuters.com/article/pressRelease/idUS199947+01-Sep-2009+PRN20090901