Le Lézard
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Ygrene Expands Financing Program into San Francisco and Surrounding California Communities


PETALUMA, Calif., Feb. 21, 2018 /PRNewswire/ -- Ygrene, a national leader in energy efficiency and resiliency financing, announced today that the City and County of San Francisco, along with more than 20 other communities in California, have adopted the company's Property Assessed Clean Energy (PACE) program within the last three months. Ygrene can now assist nearly 28 million California residents in financing a broad range of energy efficient, renewable generation, resiliency and water conservation upgrades.

Under this expansion, many more Californians across the state will have access to a long-term, low-rate financing option for residential and commercial building improvements ? ranging from solar panels to seismic retrofits. Along with the City and County of San Francisco, the most notable of the approvals and activations comes from the cities of Folsom, Pleasanton, and Victorville, as well as Amador and Contra Costa counties.

"The success of Ygrene in California allows us to offer residents greater access to affordable financing for critical home improvements, while helping communities become more efficient and resilient," said Mike Lemyre, Senior Vice President at Ygrene. "These approvals, across every part of the state, make clear that PACE policy is working for both local governments and consumers, particularly in California, where seismic retrofits and energy and water conservation are paramount."

"With PACE, Contra Costa County has another innovative tool for creating a cleaner, more sustainable community," said John Gioia, Vice-Chair of the Contra Costa Board of Supervisors. "This unique program will create jobs and make money saving improvements to homes and businesses ? at no cost to our taxpayers or the County. PACE is a good deal for local businesses, our environment, and the 1.1 million people who live in Contra Costa County."

Property owners in the newly approved California districts will now be able to tap into the following Ygrene programs:

With over $1 billion in private capital provided to date in more than 500 local communities and approximately 45,700 projects for some 69,600 property owners completed, Ygrene's PACE programming is helping communities across the nation meet their energy efficiency and resiliency goals. The full list of jurisdictions where Ygrene's PACE system has been approved can be found here.

About Ygrene

Ygrene is a national leader in residential and commercial clean energy financing. Founded in 2010, Ygrene's award-winning, privately funded Property Assessed Clean Energy (PACE) program is revolutionizing the home improvement industry, making it easier for property owners to invest in their futures and a healthier environment. Ygrene is delivering greater choice for home and business owners by providing accessible and affordable financing for energy efficiency, renewables, water conservation, storm protection and seismic upgrades. Recognized as one of the fastest growing asset classes in the country, PACE has proven to be a successful tool for supporting public policy initiatives, all without the use of public tax dollars or credits. To date, Ygrene has provided over $1 billion of private capital to more than 400 local communities, creating thousands of jobs and investing millions into local economies across the U.S. Learn more at ygrene.com.

 

SOURCE Ygrene


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