SANTA ROSA, Calif., Nov. 16, 2016 /PRNewswire/ -- Ygrene Energy Fund, Inc., the leading provider of residential, multifamily and commercial Property Assessed Clean Energy (PACE) financing and Soligent, the largest pure play solar distributor in the U.S., today announced a strategic agreement to expand services and increase access to affordable materials and solar financing. The partnership provides participating contractors access to Soligent's Tier 1 pricing and credit lines, enabling them to offer property owners quality solar equipment with industry beating prices and no money down, 100% financing through the YgreneWorksTM PACE program.
"Even with today's competitive solar pricing, most people are still unable to afford the up-front, out-of-pocket cost of solar, so increasing access to affordable financing is critical to market growth," said Jonathan Doochin, Soligent CEO. "Our partnership with Ygrene expands financing and credit access to thousands of installers, dramatically expanding the options that many Americans will have to own affordable, clean energy, starting now."
Ygrene provides 100% financing for property owners to deploy solar, energy efficiency, water conservation and climate resiliency upgrades to their buildings through their award winning YgreneWorks PACE program. A competitive alternative to credit-based financing with typically lower payments, PACE financing can be paid over a longer period of time—up to 30 years on Solar Panels and Solar PV Systems in many areas. Serving 319 cities and counties in California and Florida, Ygrene has completed contracts for over $612 million in climate resilient property upgrades, resulting in an estimated 38.3 megawatts of solar installed, $1.5 billion in economic stimulus, 9,185 new jobs created and sustained, and over 734K metric tons of CO2 reduced.
"As the United States continues its transition to clean energy, we are proud to offer innovative financial solutions and leverage partnerships that accelerate this transformation by creating the best value for property owners," said Mark Colby, Ygrene's General Manager of Solar & Storage. "This partnership with Soligent helps Ygrene take a leading position with contractors, enabling them to provide the most compelling solar solutions for their customers."
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.
Soligent is the largest pure play solar distributor, financier and technology platform in the Americas. Soligent supplies over 5,000 solar installers with best-in-class panels, inverters, racking and balance of systems across the U.S. and over 45 countries. Founded in 1979, Soligent has been a pioneer in the solar industry for decades and continues to drive the market forward with innovative solutions ranging from materials management to project financing. With advanced training, a diversified product offering, and multi-site distribution centers across the U.S., Soligent is well positioned as a responsive, flexible equipment partner. For more information or to sign up as a contractor, please visit www.Soligent.net.
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SOURCE Ygrene Energy Fund