mPOWER financing reaches $35 million
November 23, 2015 | Posted In Uncategorized
Board of Supervisors continues support of program
On November 17th, the Placer County Board of Supervisors were presented with an mPOWER program update, which showed that more than $35 million in mPOWER clean energy projects have infused the Placer County economy, with a monthly average of $1.2 million. In October, 54 residential projects and one commercial project were financed, totaling over $1.54 million.
Currently, 307 contractors work with the mPOWER program and, together, have helped create 714 local jobs, while reducing greenhouse gases by 2,570 tons. This is equal to removing 496 cars from the road annually. In addition, 648 indirect jobs have been created through increased disposable income to homeowners and increased profit margins to businesses generated from energy savings.
mPOWER currently serves unincorporated Placer County, the cities of Roseville, Rocklin, Lincoln, Auburn, Loomis and Colfax, as well as the City of Folsom in Sacramento County.
