August 12, 2021
Ohio is Fourth State to Offer Equitable Access to Affordable Financing
(Petaluma, Calif.) - Ygrene, one of the nation’s leading property improvement financing providers, today announced the launch of its statewide residential program in Ohio in partnership with the Toledo – Lucas County Port Authority. The initial launch is across 30 municipalities that cover approximately 1 million people, including Toledo and Akron.
The Ygrene program is expected to expand over the next year to include Ohio metropolitan areas of Columbus, Cleveland, Dayton, and Cincinnati. Eligible improvements include energy efficiency and renewable energy upgrades such as insulation, HVAC, windows and doors, LED lighting, and solar systems.
“Entering Ohio, the seventh-largest state in the country with over 12 million citizens, is a major milestone for Ygrene,” said Jim Reinhart, CEO. “We are privileged to offer Ohioans equitable access to affordable financing for critical energy efficiency and disaster preparedness projects.
“Ygrene is unique among financing options in that we offer the same low, fixed rates and extended terms to all of our customers, which builds equity in underserved areas and sustains the economic health of communities. In addition, we have the strongest consumer protections in the home improvement financing industry and are proud of our commitment to protect the environment. To date, Ygrene funded projects are estimated to have installed more than 119 megawatts of clean solar energy and reduce carbon emissions by more than 2.3 million metric tons, the equivalent of taking more than 500,000 cars off the road for a year,” stated Mr. Reinhart.
Ygrene is a proven alternative to traditional home improvement financing, repaid through property taxes; approvals are based on home equity, not credit score, there are no upfront costs and no prepayment penalties. Since its inception, Ygrene has financed more than 100,000 projects, serving more than 550 communities across the country, which is estimated to have created more than 48,000 jobs and generated more than $5.4 billion in economic output.
Ygrene's award-winning property improvement financing, with built-in consumer protections, is delivering greater choice for home and business owners by providing access to affordable financing for energy efficiency, renewable energy, water conservation, storm protection, and seismic upgrades. In addition, Ygrene financing has proven to be a successful tool for supporting public policy initiatives - at no cost to local government. By providing over $2.5 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.