Residential
Although the MPOWER Placer Residential program is suspended until further notice, we are committed to providing energy and water conservation information to help home owners reduce their utility bills and protect the environment for future generations. Sign up for our Newsletter for current updates on the status of our program and others like it, new technology, rebates & incentives and interesting articles to help you conserve precious resources.
Energy Upgrade California
Energy Upgrade California (EUC) is a program partnership between the California Energy Commission and the California Public Utilities Commission and is financially supported in part by local utility companies. This limited time opportunity offers up to $4,000 in incentives for making qualifying energy-efficiency upgrades to your home and is focused on a whole-house approach to energy efficiency.
There are two upgrade packages that qualify: The Basic Upgrade Package qualifies for incentives of up to $1,000 and focuses on the building shell, including upgrading insulation and patching ductwork. The Advanced Upgrade Package is a comprehensive plan that includes the Basic Upgrade Package, plus installing new systems (heating, cooling, and water heaters), replacing ductwork, upgrading single-pane windows, and more. This package qualifies for up to $4,000 in incentives.
If you live in a single-family home visit www.EnergyUpgradeCA.org for more information.
Knowledge is Power:
Take control of your utility costs. The California Home Energy Rating System (HERS) Program provides a reliable way to estimate and compare the energy efficiency of California homes and identify wise energy saving improvements. A HERS energy audit can help homeowners choose smart energy upgrades and investments that will save energy costs, improve home comfort, increase home values, and protect the environment.
Check out the new Department of Energy website for more residential information. Learn how to reduce your water consumption by taking the Water saver home tour. Visit your utility provider’s website – PG&E, Roseville Electric, SMUD, or Liberty Energy – for a free online energy analysis of your home.
Why the MPOWER Placer residential program was suspended:
The Federal Housing Finance Agency (FHFA) is the regulatory agency that oversees the government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac. In a directive to Fannie Mae & Freddie Mac, who guarantee between 80 and 90 percent of the residential mortgages in the country, the FHFA urged lenders not to back loans on homes that take advantage of PACE financing models, such as MPOWER Placer. As a result of their directives, which would negatively affect all Placer County home owners, MPOWER Placer cannot accept or process applications for residential properties at this time.
Our Resolve:
MPOWER Placer is aggressively pursuing resolution to the FHFA actions and continues to be at the forefront of both the legislative and judicial debate regarding state and jurisdictional rights to administer property assessed clean energy (PACE) programs.
Recently a Congressional bipartisan group introduced the PACE Assessment Protection Act of 2011, aimed at restoring MPOWER Placer’s residential program and hundreds like it. We will keep you informed about the outcome of this promising legislation.
