Over a Dozen Counties Activate Ygrene Financing for PACE Upgrades

14 Counties in total are currently using the new program allowing agencies to make necessary upgrades.

PACE (Property assessed clean energy) Financing became available through the Ygrene Energy Fund’s YgreneWorks program last week. The 14 counties and 90+ cities onboard now have access to financing with no upfront costs and repayment terms of up to 30 years to make upgrades ranging from insulation to solar panel installation.

The program makes the financing available to some 9 million home and business owners across the state.

Ygrene’s CEO Stacey Lawson cited the drought as one of the main concerns the public has for the immediate future. Earthquakes are also drawing attention as Ygrene has seen a “significant uptick in demand for retrofits.”

The service areas for the new program can be found here.

Lawson says "Supporting cities and counties is our number one priority." The mayor of San Jose and a San Diego City Councilmember both stressed the utility of the YgreneWorks program going forward.

Mayor Sam Liccardo of San Jose mentioned some specific goals saying, “Ygrene is uniquely positioned to help San Jose meet its Green Vision goals of building or retrofitting 50 million square feet of residential and commercial properties and creating 25,000 clean-tech jobs."

Councilman David Alvarez described the convenience that the program offers residents in “helping gain access to critical tools to pay for energy efficiency retrofits to their homes and commercial buildings."

More on YgreneWorks can be found here.


Comments

Finance

Monday, July 27, 2020 - 15:51

COVID-19 has made it difficult to estimate even the near-term revenue shortfalls for your jurisdiction, but there are opportunities to identify specific revenue streams that will help offset the de