Ygrene Surpasses $1B in PACE Financings, Adds Over 30 New Jurisdictions

Ygrene’s PACE Program has been made available to more than 3.7
million new residents since June 2017

PETALUMA, Calif.–(BUSINESS WIRE)–Ygrene Energy Fund, a national leader in residential and commercial
clean energy financing, announced today that its YgreneWorks™ PACE
(Property Assessed Clean Energy) program has financed over $1 billion in
energy efficiency, renewable energy and water conservation improvements
since the first program launched in 2012.

Ygrene’s PACE program continues to see tremendous growth, with approval
in more than 30 new jurisdictions since June 1st of this
year. The most notable of these are the city and county of San
Francisco, the County of Palm Beach in Florida and the City of Petaluma,
California where the company’s new headquarters are located. These
recently approved jurisdictions have a combined population of over 3.7
million residents and represent more than 1.7 million residential units.

“We are very pleased with the levels of growth we have seen so far this
year and we look forward to sustained momentum going into 2018,” said
Ygrene’s President and CEO, Rocco Fabiano. “2017 has been an important
year for Ygrene as we have worked with local and state governments to
build stronger consumer protections and to ensure that we continue to
provide lasting value to the communities which we serve.”

Ygrene currently operates across nearly 470 communities in California,
Florida and Missouri. The program is available to nearly 35 million
Americans and has financed projects for over 41,000 residential and
commercial property owners. Hailed as one of the top 20 “world-changing”
ideas by Scientific American Magazine, PACE financing is an innovative
program that enables property owners to obtain 100-percent financing for
seismic retrofits, energy- and water-saving upgrades, onsite renewable
energy generation projects, hurricane protection and EV charging
stations. Payments are made with property taxes and repaid over terms up
to 20-plus years.

The full list of jurisdictions where YgreneWorks™ PACE program has been
approved can be found here.

About Ygrene Energy Fund

Ygrene Energy Fund is a national leader in residential and commercial
clean energy financing. Founded in 2010, Ygrene’s award-winning,
privately funded Property Assessed Clean Energy (PACE) program is
revolutionizing the home improvement industry, making it easier for
property owners to invest in their futures and a healthier environment.
Ygrene is delivering greater choice for home and business owners by
providing accessible and affordable financing for energy efficiency,
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. To
date, Ygrene has provided over $1 billion of private capital to more
than 400 local communities, creating thousands of jobs and investing
millions into local economies across the U.S. Learn more at ygreneworks.com.

Contacts

Ygrene Energy Fund
Joaquin McPeek, 916-599-4166
[email protected]