February 23, 2015
Folsom, CA – Folsom Lake Ford expects to save big on a $1.6 million energy efficiency retrofit and solar project made available through the City of Folsom’s green energy financing program, mPOWER Folsom.
The retrofit—one of the largest of its kind in the Sacramento Region— is the first commercial energy efficiency retrofit financed through mPOWER Folsom.
Folsom’s program is part of Placer County’s mPOWER program, which has funded more than $27 million in energy retrofit and solar PV projects in Placer County, including the cities of Lincoln, Rocklin, Roseville, Loomis and Colfax since August 2013.
The $1.6 million financed through mPOWER Folsom will be used to install new LED lighting, a new cool roof, an HVAC system, and 402 kilowatts of solar photovoltaic generation at the Folsom Lake Ford and KIA dealerships in the Folsom Automall. The solar installation alone is expected to save the dealership approximately $60,000 annually, or $1.5 million over the next 25 years after all costs have been recovered.
“The mPOWER program is an excellent example of local governments working effectively and collaboratively to achieve win-win, mutually beneficial green energy goals,” said Mayor Andy Morin. “Property owners save money and the City is able to achieve green energy policy goals and meet greenhouse gas emission reduction requirements.”
“Business owners tell us how the utility savings have increased their profit margins and homeowners have told us how the utility savings have increased their disposable income,” said Kirk Uhler, Chairman of the Placer County Board of Supervisors and Executive Director of the Sacramento Regional Technology Alliance.
City of Folsom officials worked with Placer County to bring the County’s highly successful mPOWER program to Folsom in March 2014.