Colfax Motor Lodge is going SOLAR!
Lifetime Solar and the City of Colfax announced last week that the city’s leading motel, Colfax Motor Lodge is going to be more than 75 percent powered by solar energy starting this fall. A solar photovoltaic (PV) system, to be installed by Lifetime Solar of Auburn, California, will supply 75% of the motels electrical needs.
The new photovoltaic system will expand the roof tops of the motel’s five buildings. Colfax Motor Lodge is financing the solar installation via Placer’s MPOWER (PACE) solar funding program.
“Colfax Motor Lodge took advantage of the Placer MPOWER solar funding program and Lifetime Solar’s guidance in procuring the MPOWER loan to build and own an emission-free solar system at their facility with 100-percent financing, said, Pete Negri, Vice President of Marketing/Sales for Lifetime Solar. “We applaud the Colfax Motor Lodge for taking the lead with this showcase installation that demonstrates how solar makes good financial sense for businesses in Colfax and the surrounding areas. Additionally, we are pleased with their decision to finance the project through Placer mPower. Preserving operating capital and borrowing capacity with no money down is often a plus for many businesses – making solar leasing so attractive to many companies. But with mPower unlike a lease, the Colfax Motor Lodge will own the system and their payments will be spread out over twice as long as a lease.”
The Colfax Motor Lodge is located on South Auburn Street in downtown Colfax. The solar array system will be the largest in the Colfax area and will save Colfax Motor Lodge money. “I think we got a really good contract for the Colfax Motor Lodge, said, Stacy Williams one of the partners of the Colfax Motor Lodge. ” I think it was well worth everyones time and effort to go through the negotiation process. I think it is a win-win for Lifetime Solar, Placer mPower, the City of Colfax and the Colfax Motor Lodge. “
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