(Miami, Fla.) – Ygrene Energy Fund, Florida’s leading provider of Property Assessed Clean Energy (PACE) financing, today highlighted the incredible success of PACE across Florida as more families choose to invest in the future strength and efficiency of their homes and businesses. Since beginning its work in Florida to provide PACE financing in 2012, Ygrene has helped complete nearly 40,000 hurricane resiliency, energy efficiency, and renewable energy property improvement projects across 26 counties in communities from Pensacola to Key West.
“Over the past seven years, Floridians from more than 200 communities have overwhelmingly embraced PACE programs and invested more than $1 billion into projects that are strengthening and improving the hurricane resiliency of homes and businesses and driving down energy consumption through clean and renewable energy upgrades,” said Mike Lemyre, Ygrene Senior Vice President of Government Affairs. “Today, with nearly 40,000 PACE projects completed for homes and businesses using Ygrene financing in Florida, one thing is abundantly clear – PACE is an essential public policy that is revolutionizing families’ ability to combat and respond to the impacts of climate change. As PACE continues to expand and have big positive impacts in the Sunshine State, we are committed to working every day to ensure all Florida families have the access they need to the important, consumer-protection focused, and affordable financing for these critical home improvements.”
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 1.6 gigawatts of clean solar energy, enough energy to power more than 300,000 homes.
Additionally, based on the latest research out of the University of Southern California, every $1 homeowners and businesses invest in hurricane resiliency using Ygrene PACE financing, could save $2 in avoided property damage and displacement costs in the event of a hurricane.
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 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.