#mPOWER update: Last date of disbursement for FY 16-17 is June 30 to meet tax levy deadline.@mPOWERPlacer
Save Money · Conserve Energy · Create Jobs
MPOWER finances energy efficiency and water conservation to enabling property owners to reduce energy costs, and strengthen our local economy through job creation.
Now, more than ever, residential and non-residential property owners are looking for ways to save money on their energy bills; reduce their impact on the environment; and stimulate the local economy. With the help of MPOWER (Money for Property Owner Water and Energy efficiency Retrofitting), that goal couldn’t be easier. MPOWER will finance energy efficiency improvements, water conservation, and energy generation systems such as solar photovoltaic to qualified property owners, with no upfront costs.
SPECIAL OFFER – if you add $1,500 in water efficiency measures to your project application between May 1 and October 31, 2016, mPOWER will waive the application fee!
The financing model is called Property Assessed Clean Energy (PACE). The financed amount is amortized and the annual amount due is added to your property tax bill each year until paid in full. If the property is sold the equipment and the unpaid amount stay with the property.
Commercial projects can see significant savings. A mPOWER financed project in Tahoe received recognition from the Department of Energy’s Better Buildings Challenge for its deep retrofit.
The money you save on water and energy could be more than enough to repay the additional amount on your property tax bill.
“Saving energy is real money in your pocket that you can use for other needs”.
A wide variety of improvements are eligible for MPOWER financing including: Envelope Sealing & Insulation, Lighting, HVAC Upgrade, Water Heating, Water Conservation, Renewable Energy, and Custom Measures.
To learn more, view our improvements page ».