The Ygrene Energy Fund in California: An FAQ for Homeowners

If you’re a resident of the Sacramento area, or one of the many smaller cities around Northern California, I’m sure you agree that we have the good fortune of living in one of the most beautiful locales in the world. There are hills and mountains, rushing rivers, sweeping forests of pines, and we’re just a short drive from the coast and the Bay. Maybe that’s why folks around here have such a fine appreciation for the environment.

Whatever the reason, there’s a glut of programs in our California region designed for helping homeowners make upgrades that improve the energy efficiency of their houses. Some of the eligible upgrades include projects like double pane window installation, energy efficient HVAC replacement, and upgraded insulation.

One of the California financing programs that many of the homeowners I talk to aren’t all that familiar with is Ygrene. That’s why, today, I want to go over some of the most frequently asked questions about the Ygrene Energy Fund from California homeowners.

How Does the California Ygrene Energy Fund Work?

Ygrene offers 100% financing with no money down, which makes many homeowners pretty darn excited. The amount of financing you receive is primarily based on your home’s equity and your ability to pay back the loan, not your credit score. Another advantage of the program is that once you receive your financing, you don’t have to make any payments for the first 12 months. That means that when the contractor does the work, there’s no need to pay them upfront.

When you do start paying your loan back, the payment will get tacked onto your property taxes, making the process simple and stress-free. If you happen to sell your home before you pay off your loan, the balance can be transferred to the new homeowner.

How Do I Apply for a Ygrene Loan?

The first step if you want to apply for a Ygrene Energy loan is to decide what upgrades your home needs and then check if those upgrades qualify for financing. I recommend having a Ygrene Certified Contractor, like the folks at Bell Brothers, help you with that. They can even do a free energy assessment of your house to determine which projects will have the biggest impact on your home’s efficiency so that you get the best bang for your buck.

Once you’ve determined which projects you’d like to tackle, you simply submit an application to Ygrene. If you qualify, you will receive pre-approval in under a minute. Again, your contractor can help you with the application process to ensure it’s done correctly.

As soon as you receive approval from Ygrene, your contractor can get to work! That’s why it’s so great to already be working with an experienced contractor right from the start of the application process. Since approval happens so quickly, you won’t have to waste any time. Plus, they’ll already be familiar with your home and the work that has been approved and funded.

Where Is Ygrene Financing Available?

Currently, Ygrene financing is available in three states: California, Florida, and Missouri. If you are wondering if your particular county is eligible, check out the Ygrene service area list.

Some of the popular areas in Sacramento county include:

  • Sacramento
  • Elk Grove
  • Galt
  • Rancho Cordova

Once you’ve checked to see if your county is on the list, you can see if your property qualifies. If it does, congrats! You can start your search for a Ygrene Certified Contractor, like Bell Brothers.

Which Home Energy Efficiency Upgrades Can I Pay for with Ygrene?

Projects eligible for financing include the following renovations that meet the state and national standards for energy efficiency:

  • Heating and HVAC: This includes upgrading your outdated heating and cooling systems to modern, energy efficient models.
  • Roofing: Ygrene will fund installing a “cool roof” on your home to reduce the electricity needed to air condition your home during the warm spring and summer months.
  • Windows: Replacing or retrofitting old windows with energy efficient windows, like double pane options, is typically eligible for Ygrene Energy Fund financing.

If your project list includes one or more of these upgrades, make sure to check your eligibility by giving the friendly folks at Bell Brothers a call. Their experienced team of local HVAC and window experts will help guide you through the paperwork and determine whether or not your home qualifies. And, if Ygrene financing isn’t right for you, they can offer other loan solutions for your renovations.

Finance-Friendly Contractors for Your Home Renovation

Local contractors, like the No Surprise Guys at Bell Brothers, are experts on many financing plans and would be delighted to help you through the entire application approval process and perform the work for you. As Ygrene Certified Contractors, the folks at Bell Brothers are licensed, insured, and pre-screened, so you know you’re getting the best of the best.

What I love most about helping people make energy efficient upgrades to their homes is seeing the look of disbelief on their faces when they discover how easy it all is. Being able to make the entire process, from assessment to application to installation, as simple and stress-free as possible is so rewarding for me. It’s also rewarding to know that the work I’m doing for my neighbors is making a big difference for the planet as well. And that’s what is so great about programs like Ygrene—they make it accessible for everyone to help create a healthier world for us all.

At Bell Brothers, our trained HVAC professionals would love to help you increase your home’s energy-efficient by installing new windows or a new HVAC system. Contact us today to schedule a free in-home consultation.