January 7, 2013 - 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. read more>>>