PennSEF Pioneers Clean Energy Financing for 35 Municipalities

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Pennsylvania Treasury Department and FREE partner in an innovative LED street & outdoor lighting solution that enables 35 municipalities in the Philadelphia area to achieve a triple bottom line:

 

  • Reduce cost of local government service through an investment in high efficiency lighting that pays for itself from guaranteed savings. For the 35 municipalities, street and outdoor lighting upgrades save more than 40-60% in energy use.
  • Create jobs and add value to the local economy. The project created more than 70-80 jobs and is adding over $18 million in net savings after all costs of the investment are deducted.
  • Lower our environmental footprint by cutting greenhouse gas emissions up to 150 thousand tons, an amount equal to the avoided emissions for 20 years of operation of a 7 MWp solar power plant.

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