Nearly 12,000 Property Owners Embrace YgreneWorks, Florida’s Highest-Rated PACE Program, to Enhance Affordable, Energy Efficient Homes and Businesses
Ygrene generates more than $600 million in economic stimulus and
creates or sustains 3,800 jobs across 97 Florida communities
Ygrene Energy Fund announced today that its YgreneWorks™ PACE (property
assessed clean energy) program is on track to provide affordable
financing to nearly 12,000 Florida property owners across Alachua,
Broward, Charlotte, Hillsborough, Marion, Miami-Dade, Orange, Palm Beach
and Pasco communities. Demand for PACE financing has continued to surge,
as property owners seek to make their homes safer and more energy
efficient. The YgreneWorks program has proven to residential and
commercial property owners that it is an essential part of Floridian
communities, allowing property owners peace of mind during hurricane
season while reducing energy and insurance costs, and combating the
effects of climate change – all with the highest customer protection
standards in the industry.
“I’m happy to see so many Florida property owners taking advantage of
Ygrene’s PACE financing to upgrade their homes and businesses,” said
Miami-Dade County Commissioner Jose “Pepe” Diaz, who sponsored
legislation approving Miami-Dade County’s partnership with Ygrene. “With
PACE, residents are making their homes more energy efficient, securing
their properties against hurricane damage and enhancing the value of
their homes. We are delighted with our partnership with Ygrene and feel
particularly grateful for Ygrene’s commitment to serve our
unincorporated residents.”
“Ygrene is gratified to be a preferred provider of this important and
valuable financing tool to so many Floridian property owners,” said
Ygrene Senior Vice President Mike Lemyre. “PACE serves a critical need
for so many homeowners by allowing families to invest in energy
efficient and safety improvements on their homes in an affordable and
safe process. We are committed to the highest levels of customer
protection and transparency and look forward to our role in expanding
this program across other jurisdictions and communities in the months
ahead.”
Florida Property Owners Build Strong Communities Through YgreneWorks
As the most accessible form of PACE financing in Florida, Ygrene has
financed nearly $260 million in energy efficient HVAC, impact-resistant
windows and doors, solar, roofing, and insulation upgrades, improving
buildings all over the state. Nearly half of all projects financed are
impact-resistant windows and doors, as homeowners increasingly turn to
PACE to respond to the growing threat of hurricanes and protect their
communities. To date, the 7,944 homeowners who received hurricane
retrofits with the help of Ygrene have saved an estimated $7 million in
insurance premiums saving an average of almost $1,000 annually. No
longer do property owners have to sacrifice their safety in the face of
hurricanes.
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Ana Isabel Ceballos, Miami homeowner: “My single pane windows
were a safety-nightmare for my family, but I didn’t have the funds to
replace them. Thanks to Ygrene’s affordable financing, my family and I
now have new impact windows; my house looks beautiful, my family feels
safe, and I’m saving around $70 per month on my electricity bills.”
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Adrian Avila, Homestead homeowner: “We got 28 impact windows
installed, which would have been a lot of money upfront for this
upgrade, but we were able to spread out the payment over 20 years
using Ygrene. I’m incredibly grateful for the service Ygrene provided.”
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Nidiana Allen, Coral Gables homeowner: “Coming home is an
absolutely new experience thanks to the YgreneWorks program. With
solar and efficient HVAC conserving energy, combined with savings on
our insurance premiums, our sons are able to run in-and-out of the
house to play without us having to worry about the impact on our
energy bills.”
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Jackson Rip Holmes, Coral Gables business owner: “Plain and
simple, Ygrene’s PACE financing saved my business. My roof needed to
be repaired, but I didn’t have the $20,000 on-hand to replace it and
my tenant was going to go on rent strike until I fixed it Ygrene
financing provided peace of mind in a hopeless situation and thanks to
the insurance savings, these upgrades are almost paying for
themselves.”
Additionally, YgreneWorks has infused more than $600 million of economic
stimulus, and funnels a growing project pipeline to its network of
certified, local contractors. In all, Ygrene has created and sustained
3,800 new jobs across 97 local communities, and the demand is likely to
sustain these jobs for many years to come.
Leading Consumer Protection Policies Drive Demand
Ygrene is a leader when it comes to safe, transparent PACE financing
with a high level of commitment to customer protections. From
application through approval, construction, project completion and
funding, Ygrene's customer protection policies ensure Florida’s
consumers are supported every step of the way through their contractor
training and certification process, underwriting criteria, consumer
disclosures, data security and senior protection policies. Ygrene
employs a property-owner-first philosophy, and not a single dollar is
spent, nor a project begun, until the customer has given their full
consent. To this end, all financing details are verified and thoroughly
explained through a personal phone call with the property owner,
ensuring that customers know exactly what is available to them. For more
information, view or download Ygrene's Customer
Assurance and Protections.
About Ygrene Energy Fund
Ygrene Energy Fund is the nation's leading provider of residential,
multifamily and commercial property assessed clean energy financing. The
award-winning, privately funded YgreneWorks program provides immediately
accessible financing with no upfront payments for energy efficiency,
renewables, water conservation, and, in certain areas, hurricane
protection, electric vehicle charging stations and seismic upgrades.
Ygrene is committed to making it easy for property owners to invest in
their future and a healthier environment. Over the next five years,
YgreneWorks is expected to create tens of thousands of jobs and invest
billions of dollars into local economies. Learn more at ygreneworks.com.
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