Solar Powered Parking Meters-Money in the Bank for Los Angeles

IPS Parking Meter

IPS Group, a global manufacturing company, makes a line of solar powered parking meters that accept coin, credit/debt and smart cards. Based in San Diego CA IPS Group has charged up the meters with a battery pack that lasts approximately 2 to 3 years.

They recently announced they've completed installing 10,000 new solar powered parking meters in Los Angeles.

The meter's wireless networking capabilities allow it to receive credit/debt cards and have a centralized meter management system approve transactions in real-time.

IPS boasts the meters are virtually vandal-proof and fit right in with already existing traditional single space parking meters. The existing poles are used to mount the new solar powered meters saving money and effort.

Mayor Antonio R. Villaraigosa announced recently that the meters are producing more income for Los Angeles and have exceeded his expectations. In September alone, the newly installed meters generated $230,000 in additional net revenue.  If the trend continues, the meters could generate an additional $2 – 2.5 million in revenue annually, which is almost double what the Los Angeles Department of Transportation originally projected. 

The meters are leased-to-own saving municipalities from shelling out a lot of money to purchase them right off the bat.

In addition to California showcasing the meters, cities such as Denver, CO, Washington, DC and Eugene, OR are enjoying the same enhanced revenue and strong public support, said the IPS Group. They currently have meters in 45 cities in the United States and Canada.

Learn more at IPS Group.