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Article filed under Energy, Energy Self-Reliant States

Portland, Maine, Borrows Money to Save Energy and Save Money

| Written by ILSR Admin | No Comments | Updated on Nov 2, 2010 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/portland-maine-borrows-money-save-energy-and-save-money/

Unlike many cities, Portland, Maine, has forged ahead with a significant energy efficiency plan without federal stimulus dollars.  Simply borrowing money through bonding and investing in energy saving improvements, the city will – over 20 years – reduce operating costs by $700,000 per year and shrink its carbon footprint by 30 percent. Our favorite quote from the news story: "We are spending money to save money," Councilor John M. Anton told critics. "And we are borrowing at historically low interest rates. This is good fiscal management on the city’s part."  Bravo.

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