A $100 million program that provides funding for clean technology upgrades to commercial and residential buildings was launched in Sacramento on Wednesday.
Clean Energy Sacramento, a partnership between the city of Sacramento and the Ygrene Energy Fund, is the first program in the nation that provides private financing for clean-tech upgrades to buildings. Improvements funded by the financing will include energy efficiency upgrades tocooling systems, solar installations and water conservation tools.
There are $22 million in prequalified projects ready to go in Sacramento, officials announced during a ceremony at the midtown offices of Clean Energy Sacramento.
Those projects include a $513,000 upgrade to the chilling system at 520 Capitol Mall installed by Airco Mechanical. The upgrades are projected to reduce the building's energy costs by $47,000 a year for the next 25 years, said Stacey Lawson, the CEO of Ygrene.