Ygrene Energy Fund, Inc., a provider of residential, multifamily and commercial Property Assessed Clean Energy (PACE) financing, and solar distributor Soligent have reached an agreement to expand their services and increase access to affordable materials and solar financing.
What will this do?
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 percent financing through the YgreneWorks 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.”
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More about Ygrene and PACE
Ygrene provides 100 percent 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.”
— Solar Builder magazine
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