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Combined Heat and Power Partnership

mPower Placer (PACE)

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated5/15/2013
Incentive TypeCommercial PACE; Loan
Incentive Administrator/Contact OfficemPOWER Placer
Incentive Initiation Date1/1/2010
Incentive Size and Funding SourcemPOWER Placer provides fixed-rate, no money down financing for energy efficiency, water conservation, and renewable energy retrofits, specifically including CHP systems. The financed amount is amortized and the annual amount due is added to the owner's property tax bill each year until paid in full. If the property is sold, the equipment and the unpaid amount stay with the property. The minimum amount that can be financed is $2,500. The financing can be repaid over 5, 10, 15, or 20 years or less and is based on the useful life of the improvement(s). Multiple improvements may have varied payback periods. The Current interest rate is 6% (simple interest).
Eligible RecipientCommercial, industrial, agricultural, and multifamily property owners in any of the six incorporated cities and towns, as well as the unincorporated areas of Placer County are eligible for financing.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaA 10% reduction in total building energy may be necessary in order for some on-site renewable energy projects to qualify for financing.
Application Form(s)Application Materials
Resource Website(s) http://www.mpowerplacer.org/ exit EPA

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