What's Ygrene?
Ygrene offers an alternative way to finance energy-efficient and renewable energy upgrades for residential and commercial properties in California, Missouri and Florida. Depending on where your property is located, it may also be eligible for upgrades that help conserve water and protect against storm damage.
As a leading Property Assessed Clean Energy (PACE) provider, Ygrene allows you to leverage the equity in your property to make it even better. Ygrene offers unique advantages including low, fixed rates, no upfront costs, and no repayment penalties. Because Ygrene financing is an assessment on your property and not a loan or discount program, it is repaid annually with your property taxes. Approvals are based primarily on home equity.
How does Ygrene Financing work?
1
Check eligibility
Find out if your property qualifies in seconds.. An eligibility check with Ygrene won't affect your credit score.
2
Get Approved
Apply and get approved in 30 minutes. Sign a few quick documents with clear disclosures, and you're ready to get started.
3
Choose a contractor
Every contractor in our independent network is licensed, trained to offer Ygrene financing, and has successfully passed an extensive background check.
4
Complete your project
Work with your independent contractor to plan and complete your ungrade(s). The Ygrene support team is here if you have any questions pertaining to your financing along the way.
5
Ygrene pays the contractor for you
When the project has been completed to your satisfaction, your contractor will submit a final funding request to Ygrene and be paid directly by us.
6
Pay financing annually through property taxes
PACE financing is considered an assessment on your property and is added as a line item on your property tax bill. When you make your first payment, it could be up to 17 months after your project is completed¹
Thousands of people choose Ygrene. Here's why.
Eligibility based primarily on equity²
and your ability to pay
Low, fixed interest rates
ensure costs never fluctuate
A network of independent contractors
vetted and authorized by Ygrene
Lower payment options
thanks to lower rates and longer financing terms
Payment protection
only issues final payment to the contractor once you're satisfied
Easy repayments
made with your annual property taxes
Ygrene success stories
What types of improvements can I finance with Ygrene?
Have more questions? Check out our FAQs.
How do I find out if my home qualifies for Ygrene financing?
First check to see if your property qualifies. If your property is in one of Ygrene's service areas, you can apply online and get approved within 30 minutes. Eligibility is primarily based on equity and your ability to pay, among other factors -- not your credit score.
How do I pay for Ygrene financing?
A special assessment will be added to your property tax bill as a new line item. This new annual tax payment will remain on your bill for length of the term you have chosen. Simply pay your property tax bill the same way that you always have--either when the bill arrives or via your impound/escrow account.
How often are Ygrene PACE payments due?
Payments are due on the same schedule and deadlines as your current property taxes--this applies whether you pay the tax bill directly or whether you pay monthly through an impound or escrow account. Contact Ygrene Customer Care for more details.
What happens if I sell or refinance my home?
If you sell your property, payments may transfer to the new owner. Keep in mind that while property taxes are legally transferable, mortgage lenders or home buyers may require full repayment (payoff) of your remaining PACE tax obligation as a condition of a refinance or sale. So before obtaining Ygrene financing, you should consider the likelihood and timing of a possible sale or refinance, as well as the costs to repay the tax obligation.
See if your property qualifies for Ygrene.
Have another question? Our financing experts are here to help.
¹Timing of first payment depends on date of funding; interest accrues after funding.