MPOWER Placer provides fixed-rate, no money down financing to commercial, industrial, agricultural and multifamily property owners who want to install energy efficiency, water conservation and renewable energy retrofits. The program was launched in 2010 and is open to eligible Placer County properties in any of its six incorporated cities and towns, as well as the unincorporated areas.
We believe that investment in the local economy is the first step toward economic recovery. The goal of the MPOWER Placer program is to lower energy bills, increase energy and water efficiency, reduce reliance on foreign fuels, stimulate the local economy, and reduce greenhouse gas emissions.
The program works in partnership with all of the County utility providers to help customers take advantage of available rebates and incentives. We have an extensive list of eligible energy and water efficiency improvements, many of which qualify for utility company rebates. However, since there’s no one-size-fits-all category, a customized system may also qualify.
We provide exceptional customer service. MPOWER staff is available to answer questions and offer experienced guidance in the selection of retrofit projects. Our Program Specialists will personally assist you in determining whether or not your property qualifies before you submit an application. Once you apply they will continue to work closely with you throughout the application process. Because they have combined experience of 40+ years in building planning and construction, they can assist you in making sure all aspects of your project run smoothly.
When MPOWER Placer first opened its doors, financing was available to residential and commercial property owners. However, due to directives from the Federal Home Finance Agency (FHFA), the regulatory agency that oversees Fannie Mae and Freddie Mac, the residential portion of the program has been suspended. Fannie Mae and Freddie Mac control between 80 and 90 percent of the nation’s secondary mortgage market. Placer County is aggressively pursuing resolution to this action so that homeowners will have the same opportunities as commercial property owners.