Ygrene Energy Fund’s award winning YgreneWorksTM program provides 100% no money down PACE financing enabling property owners to make energy efficiency, renewable energy and hurricane protection improvements to homes and businesses. Payments are conveniently made through your property tax bills. Approved by your local government, eligibility is based on the equity in your home (among other factors), and not on your credit score, proof of employment, income or financial statements. While we won’t use your credit score to determine your eligibility for financing, we will pull your credit report to confirm certain underwriting criteria. Payments can be spread out over 20 years, and your first annual payment will be deferred until November 20171. With YgreneWorks, you will save energy and may save money while making your home safer and reducing greenhouse gas emissions in your city.
While PACE programs are enabled by state legislation and must be approved by your local government, YgreneWorks is not a government program.
How can I use the funds?
Hundreds of eligible improvements (and associated installation costs) qualify. Install that solar system you’ve always wanted. Replace your air conditioning system and water heater. Improve your home with new windows, doors, roofing and insulation. Visit ygreneworks.com/improvements for a list of PACE-eligible upgrades.
Is making payments on my property tax bill a good idea?
YgreneWorks PACE financing payments are approved under Florida State Statue 163.08 and secured by a continuing lien on the property. If you sell your property, payments may transfer to the new owner, just like your property taxes.2
When will I make my first payment?
Your first payment (and all future payments) will be added to your property taxes and will appear as a line item on your annual statement delivered by your County Tax Assessors office. The date it will appear on your property tax statement for the first time depends on the date your project is funded. Projects that are funded before June 30th of the current year will appear in the current year’s property taxes. Projects that are funded after July 1st of the current year will appear in next year’s property taxes.
What is my payment schedule?
Your annual PACE assessment will be added to your property tax bill and will appear as a line item on your annual statement. YgreneWorks PACE financing can be paid in one of two ways:
1. Pay the property tax bill directly to your tax collector on the due date (lump sum payments made annually).
2. Increase the amount contributed to an existing escrow account (or set up a new account) with the mortgage lender or servicer.
After your project is funded, you will receive a final closing statement from Ygrene. If you would like to add to an existing (or set up a new) escrow account and make your PACE financing payments through your mortgage account, it is your responsibility to send the final closing statement to your servicer to update your information and increase your reserves in your escrow account. Based on your annual PACE assessment, your mortgage servicer/lender will help you determine the right amount to set aside in reserve each month. For further questions, contact your lender or servicer.
How do I get started?
Getting started is easy. Simply visit ygreneworks.com to find a Ygrene Certified Contractor near you, or contact a Ygrene customer service representative at 305.569.0015.
1. Applies to contracts funded by 6/30/17.
2. Property taxes are legally transferable upon sale, however, mortgage lenders may require full repayment of the special assessment upon sales or refinancing.
Hundreds of Possibilities
There are many qualified home improvements you can make. Depending on where you live, just about anything that improves your home’s efficiency, conserves energy, saves water or provide seismic or storm/wind protection is eligible.
How it Works
Ygrene walks you through each step from start to finish.
Every Project Makes a World of Difference
Ygrene is out to change the world, one climate saving project at a time—and there are hundreds of qualified PACE improvements and upgrades you can make to your home or business that may qualify. Send me a list of qualifying projects. And if you don’t see your project here, just call us and ask.
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Julie Frederick is the most reliable, trustworthy, and knowledgeable realtor I know. I told her what I was looking for in a home and she diligently searched high and low until she found the perfect home for my family. Even when I thought I found "the one" she advised me that the sellers were overpriced, and it wouldn't be in my best interest to pursue that home. She did all the work in finding and securing insurance for the home I was purchasing, helped with the inspection process, and set me up with an amazing loan officer that helped to put my financing in order. We couldn't be more pleased with our home. Julie is so friendly, and very honest. She still checks up on me to this day on how we are enjoying our home! Best realtor hands down! The closing was such a smooth process and she made that happen so quickly for my family! I am so grateful for Julie!! - NM
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