PACE Program has now been Approved in Sacramento
The Sacramento County Board of Supervisor has recently authorized the PACE financing program. On November 5th 2015, commercial and residential property owners now have alternative financing methods for select energy efficient upgrades like HVAC replacement, Insulation, Solar and more. The Ygrene Energy Fund helps homeowners to conserve energy, water and other the renewable energy solutions by financing these home upgrades. Read more about Sacramento County news HERE.
Ygrene Sacramento, a PACE program boosts the local economy by partnering with reputable contractors to perform these upgrades. Because the program is such a huge benefit to homeowners, it in turn is helping to boost the economy by creating more job opportunities while making an improvement in the value of the property and contributions in energy efficiency. PACE has a unique mechanism of financing these efficiency projects. Eligibility is determined by the value of property and equity and not your credit score. It’s hard to believe a homeowner can get financed without a FICO score which is why this program is so popular.
Once you have qualified for Ygrene Sacramento and completed the home upgrades with a licensed contractor like Bell Brothers, your payments are made through your property taxes. This loan may be transferred to a new owner if the property is ever sold. It is a capital-intensive energy efficiency project, and it has a low upfront costs. You can now enjoy an increased value of property while reducing energy costs and your carbon footprint. This program is offered to all businesses and residents with no taxpayer expense. Ygrene is an administrator of clean energy financing programs throughout the U.S. They opened a Ygrene Energy Center in Sacramento in January.
Located at 2600 Capitol Avenue, the center serves as a community and educational hub for residents and commercial property owners throughout the region. There, Ygrene will continue to offer contractor training, energy efficiency workshops, partner meetings and provide information on cutting-edge green products and consultations about participating in Clean Energy Sacramento. Ygrene Sacramento allows installation of some energy saving equipment with no upfront costs. The property owner repays the cost of improvement such as an efficient air conditioner or double pane windows through assessment of tax for up to 20 years.
The environmental goals of the County of Sacramento are being met without creating a new demand on taxpayers. The project was privately funded and is all about financing the energy model. The investors have pledged about $100 million for about five years to fund the project. We should figure the interim funding and they can invest in the local community and securitize the capital market for recycling the capital over a long period. She had a pre – qualified $22 million in the commercial and the residential projects. Ygrene Sacramento is available through Bell Brothers. Call today to apply and schedule your FREE in home estimate.
Tags: double pane windows, HAVC, HVAC Financing, PACE Financing, PACE Program, Ygrene Sacramento