Oct 19, 2017   SOURCE: BusinessWire

Ygrene Surpasses $1B in PACE Financings, Adds Over 30 New Jurisdictions

Ygrene Energy Fund, a national leader in residential and commercial clean energy financing, announced today that its YgreneWorks™ PACE (Property Assessed Clean Energy) program has financed over $1 billion in energy efficiency, renewable energy and water conservation improvements since the first program launched in 2012.

Ygrene’s PACE program continues to see tremendous growth, with approval in more than 30 new jurisdictions since June 1st of this year. The most notable of these are the city and county of San Francisco, the County of Palm Beach in Florida and the City of Petaluma, California where the company’s new headquarters are located. These recently approved jurisdictions have a combined population of over 3.7 million residents and represent more than 1.7 million residential units.

“We are very pleased with the levels of growth we have seen so far this year and we look forward to sustained momentum going into 2018,” said Ygrene’s President and CEO, Rocco Fabiano. “2017 has been an important year for Ygrene as we have worked with local and state governments to build stronger consumer protections and to ensure that we continue to provide lasting value to the communities which we serve.”

Ygrene currently operates across nearly 470 communities in California, Florida and Missouri. The program is available to nearly 35 million Americans and has financed projects for over 41,000 residential and commercial property owners. Hailed as one of the top 20 “world-changing” ideas by Scientific American Magazine, PACE financing is an innovative program that enables property owners to obtain 100-percent financing for seismic retrofits, energy- and water-saving upgrades, onsite renewable energy generation projects, hurricane protection and EV charging stations. Payments are made with property taxes and repaid over terms up to 20-plus years.

The full list of jurisdictions where YgreneWorks™ PACE program has been approved can be found here.

About Ygrene Energy Fund

Ygrene Energy Fund 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 ygreneworks.com.