Property Owners in Moreno Valley Gain Access to Leading PACE Program to Finance Clean Energy and Climate Resilient Building Upgrades

C-PACE option supports city's focus on multifamily and commercial building improvements

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Aug 16, 2016, 08:00 ET

SANTA ROSA, Calif., Aug. 16, 2016 /PRNewswire/ -- Ygrene Energy Fund announced today that Moreno Valley is the most recent Inland Empire community to approve the award-winning YgreneWorks™ PACE (property assessed clean energy) program to help property owners finance a broad range of energy efficiency, renewable energy and water conservation upgrades. To date, Ygrene has been selected by 284 cities and counties across California and Florida, making it the nation's leading residential, multifamily and commercial PACE provider.

YgreneWorks for Moreno Valley
YgreneWorks was selected by Moreno Valley city officials to provide more choice in PACE financing options and opportunity to access the nation's leading C-PACE program. Commercial real estate investors now have additional flexibility to make improvements that can save money and may increase the value of their properties. YgreneWorks has completed 332 contracts for over $42.7M in eligible commercial property improvements nationwide.

Christopher Moss, General Manager of True Power Solar: "Commercial property owners are one of the fastest growing market segments for us. YgreneWorks provides a simple, accessible means to finance not just solar power, but a whole range of energy efficiency measures that help our commercial customers cut operational expenses and energy costs to improve the value of their assets while improving the environment."

Ygrene's people-first approach to financing gives businesses and homeowners the most accessible and affordable way to pay for energy efficiency and climate resiliency upgrades. Rather than paying the high up-front costs and monthly payments often associated with credit-based financing, YgreneWorks allows property owners to pay off improvements with terms of up to 30 years through their property tax bill. Property owners can access YgreneWorks' list of certified contractors who will work with them to select and install eligible upgrades such as solar systems, energy efficient windows and doors, heating and air conditioning, cool roofs, and more.

In addition to offering the most comprehensive PACE program in the market, 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 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.

With $1B+ in approved applications for more than 25,000 buildings, and more than $785M in committed capital, the YgreneWorks program is helping communities across the nation meet their clean energy and climate resiliency goals.

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 several billion dollars into local economies. Learn more at ygreneworks.com.

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SOURCE Ygrene Energy Fund