Rancho Mirage Energy Authority projects $35M revenue and expands rebate programs

Rancho Mirage City Council has outlined a robust financial plan for the upcoming fiscal years, focusing on the Rancho Mirage Energy Authority and various capital projects aimed at enhancing community infrastructure. During the special meeting held on May 8, 2025, city officials projected a healthy fund balance of approximately $21.5 million for the Energy Authority, with anticipated revenues of $35 million and expenditures of $34.7 million for the next budget year.

Since its inception, the Energy Authority has delivered over $3 million in direct savings to residents, alongside $1.1 million returned to the community through various rebate programs. These programs include substantial rebates for solar energy upgrades, home battery storage, and electric vehicle charging stations, which are designed to encourage energy efficiency among residents.

In addition to energy initiatives, the council discussed several capital projects critical to the city's development. The upcoming two-year capital budget aims to minimize the impact on the general fund by utilizing special revenue accounts and developer impact fees. However, officials acknowledged that funding for capital projects remains a challenge due to current revenue levels.

Key projects highlighted include the Interconnect Phase 2 for signal synchronization, Vista Del Sol roadway construction, and essential infrastructure work for affordable housing developments. The city is actively seeking grants to support these initiatives, including a significant application for funding related to the construction of Via Vale.

The council also reviewed plans for public parking lot improvements near Rancho Mirage Community Park, with an estimated cost of $3 million, and ongoing efforts for the Frank Sinatra Low Water Crossing project, which is currently in the design phase.

As the city moves forward, officials emphasized the importance of leveraging various funding sources to ensure that essential projects can proceed without placing undue strain on the general fund. The proactive approach taken by the Rancho Mirage City Council aims to enhance community services and infrastructure while maintaining fiscal responsibility.