Finance Product Details
YgreneWorks
Product Description
YgreneWorks offers homeowners 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 30 years. YgreneWorks is a public/private financing program with Ygrene Energy Fund, Golden State Finance Authority and your city or county.
Miscellaneous Information
To access a list of Ygrene certified contractors, visit https://ygreneworks.com/find-contractors/
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.
Property Types
Sponsor:
Golden State Finance Authority
Financing Type
PACE
Financing & Payment Information
Rate (APR):
6.5% - 8.48%
Term (years):
5, 10, 15, 20, 30 years
Minimum Amount:
$5,000
Maximum Amount:
15 % of property value
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Property Taxes (PACE)
Pmt Frequency:
Annual
Pre-pmt Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Electric vehicle charging stations and energy storage.
Funds other energy-related projects
PACE can finance all costs related to the development of the project. This can include program fees, audit costs, engineering,
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate
Equity in Property Needed
Yes
Other Variations of this product
YgreneWorks
| Property Types | |
| Sponsor | Golden State Finance Authority |
| Financing Type | Property Assessment |
| Term (years) | 5, 10, 15, 20, 30 year(s) |
| Rate (APR) | 6.5% - 8.48% |
| Min. Amount | $5,000 |
| Max. Amount | 15 % of property value |
| One-time Fees | 1% of total financing & $500 |
| Ongoing Fees | 1% of yearly fee $35 |
| Description | YgreneWorks 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 30 years. YgreneWorks is a public/private financing program with Ygrene Energy Fund, Golden State Finance Authority and your city or county. |
Other Products By This Lender
Lender: Ygrene Energy Fund
