Southwest Florida PACE Programs Drive Storm Resiliency Up, Energy Use Down
November 12, 2019
Ygrene completes 1,480 disaster resiliency and clean energy PACE projects across Southwest Florida
(Fort Myers, Fla.) – Ygrene Energy Fund, Florida’s leading provider of Property Assessed Clean Energy (PACE) financing, today highlighted the growing impact of PACE programs in Southwest Florida where thousands of families have used PACE to improve their homes and businesses. In Charlotte, Collier, and Lee counties, Ygrene has financed and helped complete nearly 1,500 PACE projects including more than 600 hurricane resiliency and home strengthening improvements. To date, these projects have helped create nearly 700 new jobs and are estimated to have produced more than $66 million in gross economic output for communities in Southwest Florida.
“Across Southwest Florida, Ygrene has been an active partner in PACE programs that are helping thousands of families and many local businesses make important investments that are driving down energy consumption and helping strengthen their homes and workplaces in the face of stronger and more devastating hurricanes,” said Mike Lemyre, Ygrene Senior Vice President of Government Affairs. “With nearly 1,500 energy efficiency and hurricane and storm resiliency projects already completed across Southwest Florida, PACE has proved to be essential public policy that is providing the affordable access to these improvements Floridians deserve.”
According to a new report released by Ygrene – “A PACE Enabled World” – if PACE were utilized in just 15 percent of all buildings in Florida, the state could add more than 510,000 new jobs to the clean energy economy, creating over $62 billion in new economic activity.
Ygrene is the only PACE financing provider to have earned designation as a Clean PACE Certified Partner and employs the industry’s strongest consumer protections in its work to expand access to disaster resiliency and clean and renewable energy in Florida.
Ygrene’s award-winning PACE program, with built-in consumer protections, is delivering greater choice for home and business owners by providing accessible and affordable financing for energy efficiency, resiliency, 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. By providing over $1.7 billion of private capital to more than 550 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Learn more at ygrene.com.