Ygrene Energy Fund is a leading national provider of residential, commercial and multifamily PACE (property assessed clean energy) financing. Last week they were recognized by GlobalCapital with two awards: “Esoteric ABS Issuer of the Year” and “Ygrene’s GoodGreen 2016-1 security as “Esoteric ABS Deal of the Year,” highlighting the first-of-its-kind, AAA-rated, Green Bond-certified PACE securities as unique within the industry.”
Kevin Dougherty, US Publisher of GlobalCapital, commented, “At GlobalCapital, we are constantly on the look-out for the most innovative financing mechanisms and those that are at the center of investor conversations. Ygrene is setting the standard for this fast-growing sector of consumer financing and we all look forward to its continued growth.”
About Ygrene Energy Fund
Ygrene Energy Fund is a leading national provider of residential, multifamily and commercial property assessed clean energy financing. The award-winning, privately-funded YgreneWorks program provides financing for energy efficiency, renewables and water conservation as well as, 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 in a healthier environment. The YgreneWorks program creates jobs by investing in local communities and enabling state governments to achieve policy objectives.
About PACE Financing
Named one of the top 20 “world-changing” ideas by Scientific American magazine, property assessed clean energy (PACE) is a simple, effective way to pay over time for a wide range of energy and water saving, renewable generation and climate resiliency improvements to our built environment.
PACE financing enables property owners to make energy efficiency, renewable energy, climate resiliency and water saving improvements to residential, multifamily, commercial and agricultural buildings with 100 percent, no money down PACE financing. Payments are incorporated into and repaid over time through property taxes with terms of up to 30 years, depending on service area and type of improvement. If you sell your property, payments may transfer to the new owner, just like your property taxes. (Property taxes are legally transferable when you sell your property, however, some mortgage lenders may require full repayment (payoff) of any remaining PACE special tax/assessment upon sale or refinance.)
Learn more about PACE financing in Miami’s Green Corridor at YgreneWorks
No Comments