Orlando Passes PACE Legislation and Selects Florida's Largest PACE Program, Ygrene, to Finance Millions in Energy Efficiency and Climate Resiliency Upgrades
On the heels of this year's National Hurricane Conference and Florida's continuing efforts on climate preparedness, Ygrene Energy Fund announced today that Orlando has joined the ranks of 60+ cities and counties across Florida in the adoption of property assessed clean energy (PACE). By voting to join the Green Corridor PACEdistrict, Orlando has selected the state's largest PACE program, Ygrene, to finance millions in energy efficiency and climate resiliency upgrades for home and business owners.
MIAMI, March 30, 2016 /PRNewswire/ -- On the heels of this year's National Hurricane Conference and Florida's continuing efforts on climate preparedness, Ygrene Energy Fund announced today that Orlando has joined the ranks of 60+ cities and counties across Florida in the adoption of property assessed clean energy (PACE). By voting to join the Green Corridor PACE district, Orlando has selected the state's largest PACE program, Ygrene, to finance millions in energy efficiency and climate resiliency upgrades for home and business owners.
Through the award-winning Ygrene program, Ygrene has financed over 90% of the PACE projects in the state of Florida to date, providing residential, commercial and multi-family property owners the financing they need to immediately install efficiency, renewable energy and climate resiliency upgrades in the face of rising sea levels and hurricane activity--with no up-front costs.
Ygrene is the only PACE provider in Florida to reach scale with over $55M in project contracts and more than 2,000 projects financed and approved. Nationwide, Ygrene has approved more than $1 billion in applications for over 21,000 buildings and has completed $300 million in contracts nationally, producing more than $750 million in economic stimulus, 4,500 jobs and 19MW of energy. Together these projects have saved 1.3 billion gallons of water and enough energy to power 300,000 homes for a full year, while also keeping 360K metric tons of CO2 from entering the atmosphere.
"Today Florida and Green Works Orlando took yet another step in protecting Floridians as they face rising sea levels, more extreme weather scenarios and increased risk to property values," said Stacey Lawson, CEO of Ygrene. "We applaud Orlando and its Green Works initiative as they work to become one of the most sustainable cities in America."
About Ygrene Energy Fund
Ygrene Energy Fund is a leading residential and commercial provider of clean energy financing throughout the United States. The award winning, privately funded Ygrene program provides immediately accessible financing with no upfront costs for energy efficiency, renewable energy, water conservation and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for families to invest in their future and a healthier environment. Over the next five years, Ygrene is projected to create tens of thousands of local jobs and invest hundreds of millions into local economies. Learn more at ygrene.com.
