Discover the Benefits of Ygrene’s Alternative Financing
Ygrene offers an alternative way to finance energy-efficient and renewable energy upgrades for residential and small commercial properties in 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, zero down at closing, and no prepayment penalties. PACE is different from many other financing options because the financing acts as an assessment on the property. Approval is based on your home's equity and income, not your credit score***. The financing uses your property as collateral, and a first priority lien will be placed on your property ahead of other liens including mortgages. The financing is repaid over the financing term through your property taxes.
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 independent contractor is licensed and 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 upgrade(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 affixed with a lien and is added as a line item on your property tax bill. The improved property will be used as collateral secured through a recorded lien for the total amount financed, which takes first priority over other existing liens including mortgages.
Thousands of people choose Ygrene. Here's why.
Approval based on your home's equity and income***
Low, fixed interest rates
ensure costs never fluctuate
Independent contractors
that offer 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?
Hundreds of energy-efficiency and renewable energy upgrades qualify for Ygrene. Specialized projects relating to water conservation and disaster preparedness also qualify in select states.
Have more questions? Check out our FAQs.
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. Approval is based on your home's equity and income, not your credit score. Applying for PACE financing with Ygrene will have no impact on your credit score. While Ygrene does not consider your credit score, we complete a soft credit pull to verify certain underwriting criteria. A soft credit pull does not affect your credit score.
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.
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.
If you sell your property, payments rarely transfer to the new owner. Keep in mind that PACE is a "first priority lien", your property will be used as collateral secured through a recorded lien for the total amount financed, which takes first priority over other existing liens including mortgages. So while property taxes are legally transferable, most mortgage lenders require full repayment (payoff) of your remaining PACE tax obligation as a condition of a refinance or sale. 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.
See if you qualify in seconds. Find out today!
