Get PACE Financing
Property Assessed Clean Energy (PACE) is financing that allows property owners to pay for upgrades that increase energy efficiency, harness renewable energy, conserve water, and protect against storms. As a leading PACE provider, Ygrene allows you to leverage the equity in your property to make it even better.
Ygrene Benefits
✓ 100% Financing No Money Down
✓ No Payment For Up To 17 Months (2)
✓ Approval Is Based Primarily On Property Equity
✓ Fixed Rates, Flexible Terms Up To 30 Years (3)
✓ No Minimum Credit Score Required (4)
✓ Get Approved In 30 Minutes Or Less
* See terms disclaimers below
Want to find out if your home is eligible for Ygrene PACE financing?
You can easily find out if you qualify in a few seconds.
Ygrene makes home improvement financing fast, easy, and accessible.
Award-winning Ygrene offers no money down property assessed clean energy (PACE) financing for energy efficiency, renewable energy and hurricane protection improvements, conveniently added to and repaid with your property taxes (1). A smart alternative to traditional credit-based financing, eligibility is based primarily on property equity – not on your credit score. Rates are fixed and flexible terms up to 30 years are available depending on service area as well as type and estimated useful life of the improvement.
* See terms disclaimers below
Get the Ygrene Financing Guide
Thinking about financing your home upgrades through Ygrene? This quick guide breaks down how PACE financing works, what projects qualify, how repayment works through property taxes, and what to consider before moving forward.
We’re here to answer your questions.
We’ve made Ygrene financing as simple as it can be — but when it comes to a financial commitment, it makes sense to ask all the right questions. We’ve provided answers to the ones customers ask most below.
What is Ygrene financing?
Ygrene financing provides 100% no money down required at closing, financing to help property owners make energy efficiency, renewable energy and storm protection improvements to residential, multifamily, commercial and agricultural buildings. Ygrene is a provider of Property Assessed Clean Energy (PACE) financing. (See below for more specific details on PACE.)
Eligibility for Ygrene is primarily based on your home’s equity and income. No minimum credit score is required for approval — but a soft credit pull will be used to verify certain underwriting criteria. The soft credit pull will not negatively affect your credit score. Payments can be spread out up to 20 years for residential properties and 30 years for commercial properties (depending on the useful life of the improvement) with no payments for up to 17 months*, subject to the date of funding. Interest will accrue after funding.
Depending on where you live, PACE financing can be used for improvements on commercial, residential, nonprofit, light industrial and agricultural properties. PACE helps communities at all levels by creating green jobs and helping local governments achieve important environmental goals.
What is PACE financing
Ygrene’s PACE program delivers greater choice for home and business owners by providing accessible and affordable financing for energy efficiency, resiliency, renewable energy, wind resistance, storm protection, wastewater treatment, flood and water damage mitigation and sustainable building improvements. (Qualifying upgrades vary by state. Explore qualifying projects here.)
PACE is different from many other financing options because the financing is an assessment on the property, which is why approval is based on your home’s equity and ability to pay the assessment, not your credit score. The financing uses the property as collateral and a first priority lien will be placed on the property ahead of other liens including mortgages. The financing is repaid over the financing term and payments are made with 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. Learn more at ygrene.com. Learn more about how PACE works here
Are Ygrene and PACE the same?
No, PACE is a type of financing used for energy-efficient home improvement projects. Ygrene is a company that offers PACE financing to homeowners in Florida.
What types of improvements are eligible for Ygrene PACE financing?
Ygrene can be used to pay for hundreds of energy efficiency and renewable energy upgrades for both home improvement and commercial projects. In certain states, storm protection improvements, electric vehicle charging stations, water conservation projects, and seawall installation are also eligible. You can find out which projects are available in your area here.
Some common improvements that Ygrene can be used for include solar, energy-efficient heating and cooling (HVAC) systems, windows, doors, roofing, insulation, ducts, pool pumps, water heaters, plumbing repairs and septic tank projects. Here is the full list of projects that Ygrene can finance, by state.
How do I find out if I qualify for Ygrene financing?
It’s simple. First, check your eligibility. If your property is in one of our service areas, you can apply online and get a decision in 30 minutes or less. Eligibility is based on your home’s equity and ability to pay the assessment, not your credit score. Applying for PACE financing with Ygrene will have no effect on your credit score.
