Ygrene is an innovative way to refinance recently completed PACE eligible improvements for energy efficiency, renewable energy, water conservation, and storm protection improvements to residential, multifamily, commercial and agricultural buildings.

Eligibility is based on whether your property is located in a Ygrene service area.  Approval is based primarily on home equity and ability to pay, among other factors. No minimum credit score is required. Payments can be spread out up to 30 years³ with no payments for up to a year or more⁴.

PACE stands for Property Assessed Clean Energy, an innovative financing option that allows you to finance or refinance eligible home improvements through a voluntary property assessment. The financing is tied to the property instead of the individual, and is repaid over the financing term through your property taxes.

To date, PACE has been successfully used by over 220,000 residential and commercial property owners to improve their property's energy efficiency, lower utility bills, protect from hurricanes, and reduce their carbon footprint. By providing over $1 billion of private capital to more than 550 local communities, Ygrene has created thousands of jobs and invested millions into local economies across the U.S.  You can learn more about how PACE works here.

No, refinancing through Ygrene is not a loan. Although you may have heard of PACE refinancing referred to this way, the term “PACE loan” is actually a misnomer. Unlike loans or revolving lines of credit, PACE is a property assessment which is a lien on the property. This means that the financing is tied to your property instead of your personal credit history. It’s also why approval for PACE is primarily based on the equity in your property, as well as your debt payment history, and your ability to repay the financing. (Property eligibility for PACE financing varies by state, so requirements may vary.) Repayment is completed through your property tax bill, usually on an annual basis or through a mortgage impound, over the lifetime of your financing agreement.

Eligibility for Ygrene refinancing is based on whether your property is located in a Ygrene service area.

Approval for Ygrene refinancing is primarily based on existing equity in the property as well as other factors like debt payment history. Since PACE is a property assessment, there’s no minimum credit score required². In the state of California, your ability to afford payments is also factored into the approval process.

Payments are due on the same schedule and deadlines as your current property taxes. This applies whether you pay the tax bill directly or monthly through an impound or escrow account. Contact Ygrene Customer Care for more details.