Clean Energy Sacramento a "game changer" for the city
Clean Energy Sacramento – the city's vision for creating a more sustainable city and clean technology hub – is being hailed for its success on several fronts. This includes its Energy Savings Opportunity Program, which has conducted energy audits leading to $22 million in commercial projects and a $55 million boost to the local economy.
Managed and funded by Ygrene Energy Fund, Clean Energy Sacramento provides 100 percent financing to participants for energy efficiency, water conservation and renewable energy upgrades. The funds are repaid through a voluntary property tax rather than public funds.
According to Ygrene's website, every $100 million invested creates 1,500 new jobs, $250 million in economic stimulus and $25 million in tax revenue.
"We're seeing a groundswell of excitement for Clean Energy Sacramento, with property owners committing to upgrade more than one-third of eligible projects -- even before the program launches," said Ygrene President Dan Schaefer.
Clean Energy Sacramento strives to be the model of sustainability, clean energy and technology, green jobs, and economic prosperity for cities around the nation – and is a "game changer" for Sacramento.
According to Sacramento Mayor Kevin Johnson, Clean Energy Sacramento is an example that good environmental policy is good economic policy, "creating jobs at every rung, reducing emissions from the built environment and helping our business community to flourish in the new economy."
- visit Ygrene