The report makes it very clear that PACE is not a mortgage, and it needs to be considered with different metrics. Though major PACE programs collect FICO scores, their key consideration is the lien-to-value ratio. This is because “PACE lending is tied to the asset and not to the creditworthiness of the property owner.”
It’s nice to relay good news from Florida, especially after clean energy in Florida has been under so many attacks. In a Ygrene Energy Fund press release, the company announced that its YgreneWorks™ PACE (property assessed clean energy) program has created 1,945 jobs in Florida. Those clean jobs generated $324 million in economic stimuli across Florida since 2013. Ygrene expects these results to increase several times over.
After months of review, the DOE’s new PACE Guidelines have finally been released. The USA’s largest Property Assessed Clean Energy (PACE) providers do not anticipate any complications with the DOE’s new guidelines. Both Renovate America and Ygrene believe they are already in line with most of what the government is suggesting.
Originally published on the ECOreport. Two months ago, Ygrene CEO Stacey Lawson announced her company’s plan to expand into six U.S. states. This was followed up by the news, a few days ago, of Ygrene PACE’s $250 million virtual funding facility for expansion. The $250 Million Virtual Facility “The $30 million … [continued]
Originally published on the ECOreport. There are good reasons for the Property Assessed Clean Energy (PACE) to catch on. Homeowners take out PACE loans at a low rate of interest, with no money down, and pay them back through their property taxes. This already sounds good, but a Florida PACE project did … [continued]
Originally published on the ECOreport Ygrene operates one of America’s largest property assessed clean energy (PACE) financing programs and it is about to get much bigger. It just raised $30 million in operating capital to finance its expansion into six states. According to President and CEO Stacey Lawson, Ygrene expects to quadruple its business. A … [continued]
The origins and growth of property tax assessed clean energy – PACE programs – within California and the first company to start-up in another state.
