YgreneWorks Surpasses $600 Million in Financing of Energy Efficiency Upgrades to California Homes and Businesses

More than 250 communities have embraced the YgreneWorks PACE Program,
providing nearly 25 million Californians with access to affordable
financing options

PETALUMA, Calif.–(BUSINESS WIRE)–Ygrene Energy Fund announced today that its YgreneWorks™ PACE (Property
Assessed Clean Energy) program has financed nearly 29,000 completed
contracts, providing $639 Million of financing for energy efficiency,
renewable generation and water conservation improvements. Approximately
24.5 million California property owners across more than 250 communities
have gained access to Ygrene’s PACE financing as demand for affordable
options continues to grow. Increasingly, property owners seeking to make
their homes more resource efficient are selecting PACE, which is
especially important as the state faces record high temperatures,
increasing the need for upgraded HVAC units.

In addition, there is strong adoption momentum for Ygrene’s PACE
initiatives in many communities across California. In the last few
months, the YgreneWorks program has been approved in a diverse group of
cities across the state, including Sunnyvale, Walnut Creek, Tustin,
Duarte and Riverbank.

The YgreneWorks program provides up to 100% project financing to hard
working residential and commercial property owners for projects that
reduce their water and energy consumption. This activity helps drive the
local green economy and trade-related jobs. All participants in the
YgreneWorks program experience the highest consumer protection standards
in the industry.

Charlene Chappel, Hayward Homeowner – “Improving the comfort in
my home felt like a hopeless undertaking, the scope of the project was
so big and daunting to me. It was not only Ygrene’s financing that made
this possible—they offer so much more with their account managers,
database of certified contractors, and customer protection to fully
assist me in this project. I could never have done this project with
other means like refinancing our home.”

“We are thrilled with the level of growth that we have seen in
California and proud that Ygrene has been able to introduce so many
homeowners to affordable water and energy efficiency upgrades,
additionally solar,” said Ygrene Senior Vice President Mike Lemyre.
“There is no doubt that PACE has changed the lives of countless
Californians by helping to weatherize homes and businesses, enable
cities and counties to meet climate action and resiliency plan goals and
generate thousands of jobs—and there is still much work to be done.”

Leading Consumer Protection Policies Drive Demand

Ygrene is a leader when it comes to safe, transparent PACE financing
with a high level of commitment to consumer protections. From
application through approval, construction, project completion, and
funding, Ygrene’s consumer protection policies ensure participating
Californians are supported every step of the way through their
contractor training and certification process, underwriting criteria,
consumer disclosures, data security and senior protection policies.
Ygrene employs a property-owner-first philosophy, and not a single
dollar is spent, nor a project begun, until the customer has given their
full consent and a three-day right of rescission has passed. To this
end, all financing details are verified and thoroughly explained through
a personal phone call with the property owner, ensuring that customers
know exactly what is available to them. For more information, view or
download Ygrene’s Customer
Assurance and Protections.

Supervisor Chris Howard, County of Del Norte – “PACE is good
public policy and we were excited to make Ygrene available to the
constituents of the County of Del Norte. Ygrene changes lives: It
creates opportunities and jobs for the contractor community, lowers
energy bills for the property owner community, helps meet state mandates
for GHG reduction for the local government, and improves the quality of
the housing stock for the Realtor community. Ygrene is a win, win, win
for the County of Del Norte!”

About Ygrene Energy Fund

Ygrene Energy Fund is the nation’s leading provider of residential,
multifamily, and commercial property assessed clean energy financing.
The award-winning, privately funded YgreneWorks program provides
immediately accessible financing with no upfront payments for energy
efficiency, renewables, water conservation, and, in certain areas,
hurricane protection, electric vehicle charging stations, and seismic
upgrades. Ygrene is committed to making it easy for property owners to
invest in their future and a healthier environment. Over the next five
years, YgreneWorks is expected to create tens of thousands of jobs and
invest billions of dollars into local economies. Learn more at
ygreneworks.com.

Contacts

Media:
Sloane & Company
Joe Germani, 212-446-1899
[email protected]