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Finance Vendor Details

Clean Energy Chula Vista
Lender: Ygrene Energy Fund
Contact Information
Website: www.ygreneWorks.com
Phone: (877) 819-4736
Email: info@ygreneWorks.com
Property Types
Program Description
Clean Energy Chula Vista offers homeowners in participating Chula Vista communities funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 30 years. Clean Energy Chula Vista is a public/private financing program with Ygrene Energy Fund and your city or county.
Clean Energy Chula Vista offers commercial property owners in participating communities funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. Clean Energy Chula Vista is a public/private financing program with Ygrene Energy Fund and your city or county.
Verified by Lender on: 7/20/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
PACE
Financing & Payment Information
Term (years):
5
Minimum Amount:
$2,500
Maximum Amount:
15% of property value
Fees:
None
Money Down Required:
No
Repayment Method:
Property Taxes (PACE)
Payment Frequency:
Annual
Pre-Payment Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Funds other energy-related projects
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate / More than 48 hours
Equity in Property Needed
No

Financial Products

Lien type Property AssessmentProperty Assessment
Re-Payment Method Property Taxes (PACE)Property Taxes (PACE)
Property Types
Automatic payment option available N.A.N.A.
Requires utility incentive program participation NoNo
Must use Program's pre-approved contractors YesYes
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $2,500$2,500
Financing Term (yrs.) 5 year(s)5 year(s)
Rate 6.5 - 6.5%5.99 - 5.99%
Money Down Required? NoNo
Credit Enhancement Available NoNo
Transferrable YesYes
Prepayment Penalty or Fee YesYes
Tax Deductibility YesYes
Minimum Credit Score Required
Equity in Property Required YesYes
Debt to Income Ratio Required NoNo
Involuntary Property Liens Allowed YesYes
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement YesYes
Must be current on property taxes YesYes
Must be current on mortgage YesYes
Loan to value
Debt Service Coverage Ratio NoNo
Financing Approval Time ImmediateMore than 48 hours
Projected Energy Savings/Cash Flow is considered NoNo
Must be current on utility bill NoNo

Upgrades Covered

No Results

FAQ's

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