$324 Million in Economic Stimulus and 1,945 Jobs Later, Ygrene Has Become a Catalyst for Florida Small Businesses

Clean energy and climate resiliency property improvement financing pioneer continues its expansion across Florida

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Nov 22, 2016, 10:50 ET

MIAMI, Nov. 22, 2016 /PRNewswire/ -- Ygrene Energy Fund announced today that its award-winning YgreneWorks™ PACE (property assessed clean energy) program has created 1,945 jobs and generated an estimated $324 million in economic stimulus across Florida since 2013. Working hand-in-hand with its growing network of trained and certified local contractors—536+ small business partners—Ygrene has funded 5,485 PACE projects in the state totaling $129M, meeting demand for greater climate protection echoed from the statehouse in Tallahassee to city hall in Miami.

Since January 2016, Ygrene has financed more than three times as many projects as it did in the entirety of 2015 solidifying its position as the leading PACE provider in the Sunshine State. To support this growth and a full pipeline, Ygrene recently opened a new office and state-of-the-art call center in Doral. This expansion has created more than 50 new jobs.

"Supporting small businesses is essential to keep Florida's economy thriving," said Miami-Dade Commission Chairman Jean Monestime. "I applaud the work Ygrene has done to bring in new and innovative jobs and bolster local economies in our county."

Florida's Small Businesses See Ygrene as a New Business Catalyst

"Since we started offering Ygrene financing to our customers, our business has grown ten-fold and, now, nearly 90% of our clients are utilizing YgreneWorks for their financing. I've hired 65 new employees and am looking for additional retail space to keep up with demand."
– Robert MacKinnon, SMART Efficient Solutions

"I've been working with Ygrene since day one and the program has been essential to growing my business across Southern Florida. When I started, we were a one-man operation and now we are the largest solar installer in the tri-county area."
– Raul Vergara, Cutler Bay Solar Solutions

"At Ygrene, building resilient communities extends to supporting our local, small business allies, and arming them with innovative financing products to deliver more clean, efficient and resilient property upgrades," said Stacey Lawson, CEO of Ygrene Energy Fund. "As the most experienced PACE provider in Florida, we're proud to expand our operations to help even more Floridians experience the economic, as well as environmental, benefits of PACE financing."

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.

Ygrene is a leader when it comes to safe, transparent PACE financing with a high level of commitment to customer protections. From application through approval, construction, project completion and funding, Ygrene's customer protection policies ensure Florida's consumers are supported every step of the way with its complete set of contractor certification, underwriting, consumer disclosure, data security and senior protection policies. For more information, view or download Ygrene's Customer Assurance and Protections.

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SOURCE Ygrene Energy Fund