Nachman Norwood & Parrott Partner Brings First Chevy Volt to South Carolina, Installs Solar Panel for Power

GREENVILLE, S.C., Jan. 19, 2011 /PRNewswire/ -- On Wednesday, Gary Davis, a partner at Nachman Norwood & Parrott (NNP), will drive his brand new Chevy Volt through the streets of downtown Greenville.  His electric car, which won't be available for purchase in South Carolina for at least a year, will be the first Chevy Volt in the state of South Carolina.  But this electric car won't be powered by just any electricity; it will be powered by electricity generated from the new solar panel NNP had installed on the roof of their downtown office.

The Chevy Volt went on sale in November 2010 in just seven retail markets: Texas, New York, New Jersey, California, Connecticut, Michigan and Washington, D.C.  Davis purchased his Volt from a dealer outside of Washington, D.C.; his was the last of the four Volts the dealership was to receive.  Davis purchased the car in late September, 2010, but had to wait nearly four months for the car's delivery.

The Chevy Volt has a lithium-ion battery pack and an on-board gas generator that powers the car for up to 375 miles on a single charge. The battery can be charged through a standard 120V household outlet, but Davis and NNP have taken the environmental efforts one step further. They had a solar panel installed on the roof of NNP's office building to generate the electricity needed to power Davis' vehicle, and to supplement the power used by the office, thus reducing NNP's and Davis' carbon footprint.

"I have always been concerned about the environment and have wanted an electric car since GM's first attempt with the EV-1 more than 20 years ago," Davis said. "I've read some of the criticisms of electric cars regarding the pollution made by electricity generation, which inspired me to push for a solar car charger at work. Nachman Norwood & Parrott is a forward-thinking group that strives to do the right thing for both the environment and clients. We will be offsetting our power use from the grid with this system, and plan to expand its capacity in the near future."

To make his dream a reality, Davis needed to call on the services of several Upstate businesses. As with all cars, the Chevy Volt will require regular service and maintenance. A local Chevy dealership elected to send several technicians to General Motors headquarters to be trained to service the Chevy Volt.

Installing the solar-powered electric vehicle (EV) power station came from the combined efforts of a local solar-panel company and a local EV charging station company. While they have installed EV power stations and solar arrays throughout the Southeast, the NNP solar-powered EV power station was the first in the state.

Davis will unplug his vehicle and take it for its first spin through downtown Greenville on Wednesday, January 19th at 10:00 am from NNP at 1116 S. Main Street.

About Nachman Norwood & Parrott

Nachman Norwood & Parrott is a Greenville, SC-area wealth management consultancy for top-tier individuals and qualified retirement plan sponsors. We work with each client to understand their unique financial vision and offer critical knowledge and insight to help bring that vision within reach. For more information, visit www.nnpwealth.com.

About Wells Fargo Advisors

With more than $1.1 trillion in client assets as of Sept. 30, 2010, Wells Fargo's brokerage businesses comprise more than 15,000 full-service financial advisors and 4,500 licensed bankers. This vast network of advisors, one of the nation's largest, serves clients through offices in all 50 states, the District of Columbia and in Latin America. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include other broker-dealers of Wells Fargo & Company. www.wellsfargoadvisors.com

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America.  Wells Fargo & Company was ranked #19 on Fortune's 2009 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.    

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Nachman Norwood & Parrott is a separate entity from WFAFN.

SOURCE Nachman Norwood & Parrott