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Finance Product Details

mPower
Lender: mPower
Website: http://www.mpowerplacer.org
Email: mpower@placer.ca.gov
Phone: (877) 396-7693
Product Description
mPower offers City of Folsom homeowners funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. This program is administered by Placer County.
Verified by Lender on: 2/24/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Placer County
Financing Type
Other
Financing & Payment Information
Rate (APR):
5% - 7%
Term (years):
5, 10, 15, 20 years
Minimum Amount:
$2,500
Maximum Amount:
10 % of property value
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Property Taxes (PACE)
Pmt Frequency:
Annual
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Electric vehicle charging stations and energy storage.
Funds other energy-related projects
PACE can finance all costs related to the development of the project. This can include program fees, audit costs, engineering,
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
Yes

Other Variations of this product

mPower

Property Types
Sponsor Placer CountyPlacer County
Financing Type Property AssessmentProperty Assessment
Term (years) 5,  10,  15,  20 year(s)5,  10,  15,  20 year(s)
Rate (APR) 5% - 7%5% - 7%
Min. Amount $2,500$2,500 +
Max. Amount 10 % of property valueN/A
One-time Fees NoNo
Ongoing Fees $25$25
Description mPower offers homeowners funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. This program is administered by Placer County.mPower offers commercial property owners funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. This program is administered by Placer County.
Property Types
Sponsor Placer County
Financing Type Other
Term (years) 5,  10,  15,  20 year(s)
Rate (APR) 5% - 7%
Min. Amount $2,500 +
Max. Amount N/A
One-time Fees No
Ongoing Fees $25
Description mPower offers City of Folsom commercial property owners funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. This program is administered by Placer County.

Other Products By This Lender

Lender: Placer County

Contact Email: mpower@placer.ca.gov
Contact Phone: (877) 396-7693